LIGHTHOUSE MINISTRIES INC (EIN 591722768) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

STEVE TURBEVILLE

Phone

8636874076

Tax Period

2024-01-01 to 2024-12-31

LIGHTHOUSE MINISTRIES INC, founded in 1977, is a community nonprofit in the Religion sector that reported $3.8M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

LIGHTHOUSE MINISTRIES, INC. IS SET APART BY THE SPIRIT OF GOD TO COMMUNICATE THE GOSPEL OF JESUS CHRIST TO MEET THE PHYSICAL, EMOTIONAL, AND OTHER NEEDS OF THE POOR AND AT-RISK POPULATION.

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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 $6,617,163

Program Service Revenue $148,405

Investment Income $60,859

Other Revenue $-3,004,793

TOTAL REVENUE $3,821,634

Expense Breakdown

Grants Paid $356,704

Salaries & Benefits $2,286,563

Fundraising Expenses $511,618

Program Expenses $3,271,610

Other Expenses $1,663,599

TOTAL EXPENSES $4,483,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,821,634	$5,222,688	-0.3%
Expenses	$4,483,957	$4,518,292	0.0%
Net Income	$-662,323	$704,396	-1.9%

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

170

Volunteers

214

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

$278,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY TROUTMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS MCLAUGHLIN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TRAFENIA FLYNN SALZMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF COOK	SECRETARY	1.00	Officer Director	$0	$0	$0
DORCAS CRUMBLEY	DIRECTOR	1.00	Director	$0	$0	$0
GINA SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES LEE	DIRECTOR	1.00	Director	$0	$0	$0
KYLE JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BRACEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE TURBEVILLE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$145,107	$41,804	$186,911
LAUREN BALLARD CPA	DIRECTOR OF FINANCE	40.00	Officer	$82,399	$8,813	$91,212

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,821,634	$4,483,957	$9,121,257	$-662,323
2023	$5,222,688	$4,518,292	$9,370,605	$704,396
2022	$5,327,970	$4,564,247	$8,660,980	$763,723
2021	$6,055,240	$5,213,510	$7,559,592	$841,730
2020	$5,263,470	$4,776,516	$7,084,274	$486,954
2019	$4,050,154	$4,371,077	$6,821,631	$-320,923
2018	$3,921,492	$3,706,026	$6,819,339	$215,466

LIGHTHOUSE MINISTRIES INC