LIGHTNING FOUNDATION (EIN 593542305) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

ELIZABETH FRAZIER

Phone

8133016500

Tax Period

2024-07-01 to 2025-06-30

LIGHTNING FOUNDATION, founded in 1998, is a community nonprofit in the Education sector that reported $9.2M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $8.6M left a modest 7% surplus.

Mission

INVESTING RESOURCES AND LEADERSHIP FOR THE ADVANCEMENT OF THE PEOPLE OF TAMPA BAY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,121,628

Program Service Revenue $1,735,098

Investment Income $114,807

Other Revenue $1,253,560

TOTAL REVENUE $9,225,093

Expense Breakdown

Grants Paid $3,635,942

Salaries & Benefits $2,221,382

Fundraising Expenses $0

Program Expenses $6,185,474

Other Expenses $2,736,040

TOTAL EXPENSES $8,593,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,225,093	$5,619,664	+0.6%
Expenses	$8,593,364	$5,138,750	+0.7%
Net Income	$631,729	$480,914	+0.3%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$406,339

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG SHER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF VINIK	CHAIRMAN	1.00	Director	$0	$0	$0
JENNIFER LIPSCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
JULIE OSTROVER	DIRECTOR	1.00	Director	$0	$0	$0
JULIEN BRISEBOIS	DIRECTOR	1.00	Director	$0	$0	$0
PENNY VINIK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH FRAZIER	EXECUTIVE DIRECTOR	40.00	Officer	$373,981	$32,358	$406,339
JAY FEASTER	SECRETARY	3.00	Officer	$0	$0	$0
JASSEN CULLIMORE	DIRECTOR OF HOCKEY DEVELOPMENT	40.00	Highest	$195,340	$32,680	$228,020
MATHIEU GARON	ASSISTANT HOCKEY DIRECTOR, COMMUNITY & HOCKEY DEVE	40.00	Highest	$192,057	$31,261	$223,318
JOSHUA DREITH	DIRECTOR OF COMMUNITY & HOCKEY DEVELOPMENT	30.00	Highest	$141,314	$30,026	$171,340
SARAH COSTELLO	DIRECTOR, LIGHTNING FOUNDATION & COMMUNITY EVENTS	30.00	Highest	$150,281	$10,491	$160,772

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
2025	$9,225,093	$8,593,364	$5,682,728	$631,729
2024	$5,619,664	$5,138,750	$4,379,203	$480,914
2023	$5,417,268	$4,979,594	$3,939,302	$437,674
2022	$7,122,611	$3,327,348	$3,863,407	$3,795,263
2021	$3,116,313	$2,505,632	$1,743,482	$610,681
2019	$5,195,928	$6,512,411	$4,042,108	$-1,316,483
2018	$5,505,586	$5,922,629	$2,056,601	$-417,043

LIGHTNING FOUNDATION