FLORIDA LIGHTHOUSE ASSOCIATION INC (EIN 593425184) - 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

1996

Legal Domicile

Principal Officer

MICHAEL BENNETT

Phone

3863340692

Tax Period

2024-01-01 to 2024-12-31

FLORIDA LIGHTHOUSE ASSOCIATION INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $400K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $448K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE FLORIDA LIGHTHOUSE ASSOCIATIONS FLA MISSION IS TO SAFEGUARD FLORIDAS REMAINING LIGHTHOUSES FOR FUTURE GENERATIONS BY SUPPORTING COMMUNITY BASED RESTORATION, PRESERVATION AND EDUCATION EFFORTS.

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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 $29,303

Program Service Revenue $359,752

Investment Income $11,126

Other Revenue $0

TOTAL REVENUE $400,181

Expense Breakdown

Grants Paid $395,950

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $433,778

Other Expenses $52,259

TOTAL EXPENSES $448,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$400,181	$367,763	+0.1%
Expenses	$448,209	$278,973	+0.6%
Net Income	$-48,028	$88,790	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BENNETT	PRESIDENT	010.00	Officer Director	$0	$0	$0
BEVERLY OAKES	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
SANDY KING	SECRETARY	001.00	Officer Director	$0	$0	$0
BARBARA BENNETT	TREASURER CHAIR-FINANCE	010.00	Officer Director	$0	$0	$0
VACANT	CHAIR-MEMBERSHIP	N/A	Director	$0	$0	$0
DAN HOGAN	CHAIR-GOVERANCE/LH REP ANCLOTE KEY	001.00	Director	$0	$0	$0
GARY JON HILL	CHAIR-GRANTS	001.00	Director	$0	$0	$0
DORA LEE ROSENDORF	CO CHAIR-MEETINGS	005.00	Director	$0	$0	$0
ALAN ROSENDORF	CO CHAIR-MEETINGS	005.00	Director	$0	$0	$0
KEN SMITH	CHAIR- REVENUE DEVELOPMENT	001.00	Director	$0	$0	$0
SHARON MCKENZIE	CH MARKETING/LH REP PORT BOCA GRAND	001.00	Director	$0	$0	$0
RON ECKER	COMMISSIONER-DISTRICT 1	001.00	Director	$0	$0	$0
ERIC MARTIN	COMMISSIONER-DISTRICT 2/LH REP REEF LTS	001.00	Director	$0	$0	$0
RICHARD SANCHEZ	COMMISSIONER-DISTRICT 3/LH REP EGMONT KEY	001.00	Director	$0	$0	$0
WANDA MAYO	COMMISSIONER-DISTRICT 4	001.00	Director	$0	$0	$0
CHRIS ECKER	LH REP-CAPE CANAVERAL	000.50	Director	$0	$0	$0
AMY HODSON	LH REP-CAPE ST GEORGE	000.50	Director	$0	$0	$0
CHARLOTTE PIERCE	LH REP-CAPE SAN BLAS	000.50	Director	$0	$0	$0
ALICE D'AMICOL	LH REP-CEDAR KEY	000.50	Director	$0	$0	$0
KEN HERMAN	LH REP-HILLSBORO INLET	000.50	Director	$0	$0	$0
JOSH LILLER	LH REP-JUPITER	000.50	Director	$0	$0	$0
JON HILL	LH REP-PENSACOLA	000.50	Director	$0	$0	$0
MIKE BENNETT	LH REP-PONCE INLET	000.50	Director	$0	$0	$0
JAMES SMITH	LH REP-ST AUGUSTINE	000.50	Director	$0	$0	$0
CRAIG KITTENDORF	LH REP-ST MARKS	000.50	Director	$0	$0	$0
CAPT ROB DIXON	LH REP-ALLIGATOR REEF	000.50	Director	$0	$0	$0
CELIN KERSH MONTESANO	LH REP-SANIBEL	000.50	Director	$0	$0	$0
CHRISTINA BRACKEN	LH REP-CAPE FLORIDA	000.50	Director	$0	$0	$0
JERRY DUNNING	LH REP-ANCLOTE KEY	000.50	Director	$0	$0	$0
VALERIE BENNETT	LH REP-MAYPORT	000.50	Director	$0	$0	$0
Tom Sintes	LH-REP AMELIA ISLAND	000.50	Director	$0	$0	$0

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	$400,181	$448,209	$639,380	$-48,028
2023	$367,763	$278,973	$686,719	$88,790
2022	$335,508	$258,599	$597,929	$76,909
2021	$299,677	$130,109	$521,020	$169,568
2020	$231,407	$196,668	$351,470	$34,739
2019	$226,472	$217,694	$316,731	$8,778
2018	$245,025	$94,263	$307,953	$150,762

FLORIDA LIGHTHOUSE ASSOCIATION INC