LIGHTHOUSE OF PINELLAS FOUNDATION … - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

KIMBERLY CHURCH CPA CGM

Phone

7275444433

Tax Period

2018-10-01 to 2019-09-30

LIGHTHOUSE OF PINELLAS FOUNDATION INC, founded in 1987, is a small nonprofit that reported $311K in total revenue in fiscal year 2018. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $5.4M exceeded revenue, resulting in a 1645% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED TO ADVANCE THE EXEMPT PURPOSE OF THE LIGHTHOUSE OF PINELLAS, INC. (THE AGENCY), A RELATED ORGANIZATION, AND FOR THE CREATION OF A SOURCE OF PERPETUAL INCOME FOR THE AGENCY.

Program Service Accomplishments

Program 1

Expenses: $5,380,773

THE FOUNDATION PROVIDES FUNDING TO ADVANCE THE EXEMPT PURPOSE OF THE LIGHTHOUSE OF PINELLAS, INC. (THE AGENCY), A RELATED ORGANIZATION. THE MISSION OF LIGHTHOUSE OF PINELLAS, INC. IS TO ADVANCE THE INDEPENDENCE AND QUALITY OF LIFE FOR INDIVIDUALS IN PINELLAS COUNTY WHO ARE BLIND OR VISUALLY IMPAIRED.

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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 (2018)

Revenue Breakdown

Contributions & Grants $3,106

Program Service Revenue $0

Investment Income $307,788

Other Revenue $0

TOTAL REVENUE $310,894

Expense Breakdown

Grants Paid $5,380,773

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,380,773

Other Expenses $44,496

TOTAL EXPENSES $5,425,269

Year-over-Year Comparison

	2018	2017	Change
Revenue	$310,894	$412,842	-0.2%
Expenses	$5,425,269	$387,963	+13.0%
Net Income	$-5,114,375	$24,879	-206.6%

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

N/A

Volunteers

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

$166,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS COMSTOCK	IMMED. PAST CHAIR	1.00	Director	$0	$0	$0
JONATHAN MINES MD	SECRETARY	1.00	Director	$0	$0	$0
BRIAN GLAS	TREASURER	1.00	Director	$0	$0	$0
JOANNE FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK SARNO OD	CHAIR	1.00	Director	$0	$0	$0
SCOTT DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY CHURCH CPA CGMA MBA	PRES & CEO	2.00	Officer	$0	$7,624	$107,098
JODI DUDA	DIRECTOR OF FINANCE	10.00	Officer	$0	$0	$58,994

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
2019	$310,894	$5,425,269	No data	$-5,114,375
2018	$412,842	$387,963	$5,282,181	$24,879

LIGHTHOUSE OF PINELLAS FOUNDATION INC