LIGHTHOUSE ARTCENTER INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

JENI LICATA

Phone

5617463101

Tax Period

2024-07-01 to 2025-06-30

LIGHTHOUSE ARTCENTER INC, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $2.0M left a modest 8% surplus.

Mission

LIGHTHOUSE ARTCENTER GALLERY AND SCHOOL OF ART (LAC) IS A FOR IMPACT ART CENTER FOCUSED ON COMMUNITY. OUR VISION IS TO INSPIRE, ENGAGE, AND CONNECT ALL WALKS OF LIFE THROUGH THE UNIVERSAL LANGUAGE OF ART. TO ACHIEVE OUR MISSION, WE OFFER ART CLASSES IN MEDIA THAT VARY FROM TRADITIONAL TO NICHE, DISPLAY UNIQUE AND CAPTIVATING EXHIBITIONS, HOST SOCIAL AND EDUCATIONAL EVENTS, AND PROVIDE COMMUNITY-BASED ART OUTREACH PROGRAMS TO THOSE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $957,950 Revenue: $860,600

THE SCHOOL OF ART AT LIGHTHOUSE ARTCENTER PROVIDES INCLUSIVE, YEAR-ROUND ARTS EDUCATION FOR INDIVIDUALS OF ALL AGES, FROM TODDLERS AS YOUNG AS 1 TO ADULTS AGED 100 AND BEYOND. PROGRAMS INCLUDE...

THE SCHOOL OF ART AT LIGHTHOUSE ARTCENTER PROVIDES INCLUSIVE, YEAR-ROUND ARTS EDUCATION FOR INDIVIDUALS OF ALL AGES, FROM TODDLERS AS YOUNG AS 1 TO ADULTS AGED 100 AND BEYOND. PROGRAMS INCLUDE CLASSES, WORKSHOPS, AND A SUMMER ARTCAMP. INSTRUCTION SPANS A WIDE RANGE OF DISCIPLINES, INCLUDING CERAMICS, GLASS, DRAWING, PAINTING, JEWELRY, TEXTILES AND OTHER 2D AND 3D MEDIA. WHETHER DEVELOPING NEW SKILLS OR REFINING EXISTING ONES, PARTICIPANTS BENEFIT FROM A WELCOMING, SUPPORTIVE ENVIRONMENT THAT ENCOURAGES LIFELONG LEARNING AND CREATIVE GROWTH. NEED-BASED SCHOLARSHIPS ARE OFFERED TO ENSURE ACCESS FOR THOSE EXPERIENCING FINANCIAL BARRIERS.

Program 2

Expenses: $529,863 Revenue: $371,229

LIGHTHOUSE ARTCENTER CURATES AND PRESENTS A YEAR-ROUND SCHEDULE OF 6 TO 10 EXHIBITIONS ANNUALLY, REFLECTING A WIDE RANGE OF ARTISTIC DISCIPLINES AND PERSPECTIVES. EXHIBITING ARTISTS INCLUDE...

LIGHTHOUSE ARTCENTER CURATES AND PRESENTS A YEAR-ROUND SCHEDULE OF 6 TO 10 EXHIBITIONS ANNUALLY, REFLECTING A WIDE RANGE OF ARTISTIC DISCIPLINES AND PERSPECTIVES. EXHIBITING ARTISTS INCLUDE INTERNATIONALLY RECOGNIZED FIGURES, REGIONAL PROFESSIONALS, AND EMERGING LOCAL TALENT, INCLUDING MEMBER AND STUDENT ARTISTS. THE EXHIBITION PROGRAM SUPPORTS PUBLIC ENGAGEMENT WITH THE ARTS AND PROVIDES PROFESSIONAL OPPORTUNITIES FOR ARTISTS AT ALL STAGES OF THEIR CAREERS. THROUGH COMMUNITY PARTNERSHIPS, TARGETED OUTREACH, AND RELATED EDUCATIONAL PROGRAMMING, LIGHTHOUSE ARTCENTER CONTINUES TO EXPAND ACCESS AND REACH INCREASINGLY DIVERSE AUDIENCES.

Program 3

Revenue: $603,100

LIGHTHOUSE ARTCENTER OFFERS OUTREACH AND COMMUNITY ART PROGRAMS THAT INCREASE ACCESS TO THE ARTS FOR INDIVIDUALS OF ALL AGES AND BACKGROUNDS. THESE INCLUSIVE, HANDS-ON EXPERIENCES PROMOTE...

LIGHTHOUSE ARTCENTER OFFERS OUTREACH AND COMMUNITY ART PROGRAMS THAT INCREASE ACCESS TO THE ARTS FOR INDIVIDUALS OF ALL AGES AND BACKGROUNDS. THESE INCLUSIVE, HANDS-ON EXPERIENCES PROMOTE SELF-EXPRESSION, CONNECTION, AND WELL-BEING. STUDIES HAVE SHOWN THAT CREATIVE ENGAGEMENT CAN REDUCE STRESS, SUPPORT MENTAL HEALTH, AND BUILD RESILIENCE.TO ENSURE ACCESSIBILITY AND PROMOTE EQUITY IN THE ARTS, LIGHTHOUSE ARTCENTER PROVIDES NEED-BASED SCHOLARSHIPS AND PARTNERS WITH LOCAL SCHOOLS AND ORGANIZATIONS TO DELIVER PROGRAMS BOTH ONSITE AND IN THE COMMUNITY. SEVERAL OFFERINGS ARE TAILORED TO MEET THE UNIQUE NEEDS OF SPECIFIC POPULATIONS, INCLUDING INDIVIDUALS WITH SPECIAL NEEDS AND VETERANS. EACH WEEK, MORE THAN 400 CHILDREN RECEIVE FREE ART EDUCATION THROUGH THESE PARTNERSHIPS. MANY OF THESE STUDENTS WOULD NOT OTHERWISE HAVE ACCESS TO ARTS PROGRAMMING.YEAR-ROUND FUNDRAISING SUPPORTS THESE OUTREACH INITIATIVES AND SCHOLARSHIPS, HELPING REMOVE BARRIERS TO PARTICIPATION AND EXPAND ACCESS TO MEANINGFUL CREATIVE EXPERIENCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,226,749

Program Service Revenue $608,180

Investment Income $8,225

Other Revenue $326,720

TOTAL REVENUE $2,169,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $793,005

Fundraising Expenses $99,865

Program Expenses $1,487,813

Other Expenses $1,205,289

TOTAL EXPENSES $1,998,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,169,874	$2,656,960	-0.2%
Expenses	$1,998,294	$1,940,621	+0.0%
Net Income	$171,580	$716,339	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$83,391

Total Directors