FRIENDS OF THE LIGHT HOUSE INC (EIN 593762269) - 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

2002

Legal Domicile

Principal Officer

JACK PROUTY

Phone

4435694209

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE LIGHT HOUSE INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $417K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $490K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ENGAGE THE COMMUNITIES OF ANNE ARUNDEL COUNTY, MARYLAND IN SUPPORTING THE LIGHT HOUSE THROUGH FUNDRAISING AND FUNDRAISING EVENTS AND TO BUILD AWARENESS OF HOMELESSNESS IN ANNE ARUNDEL COUNTY.

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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 $452,517

Program Service Revenue $0

Investment Income $0

Other Revenue $-35,252

TOTAL REVENUE $417,265

Expense Breakdown

Grants Paid $400,000

Salaries & Benefits $50,475

Fundraising Expenses $0

Program Expenses $445,236

Other Expenses $39,065

TOTAL EXPENSES $489,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$417,265	$516,615	-0.2%
Expenses	$489,540	$490,616	0.0%
Net Income	$-72,275	$25,999	-3.8%

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

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
ERIC CROWDER	PRESIDENT	2.00	Officer Director	$0	$0	$0
BESSE ROSE	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
CORINE SHERIDAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JACK PROUTY	TREASURER	6.00	Officer Director	$0	$0	$0
AMANDA RZEPKOWSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL BROGAN	DIRECTOR	1.50	Director	$0	$0	$0
MIRANDA DARDEN-WILLEMS	DIRECTOR	1.50	Director	$0	$0	$0
JIM GRIESSER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE KENNY	DIRECTOR	1.50	Director	$0	$0	$0
NOELLE PACKETT	DIRECTOR	1.00	Director	$0	$0	$0
TOM SHELTON	DIRECTOR	1.50	Director	$0	$0	$0
ROB CARLIN	DIRECTOR	1.50	Director	$0	$0	$0
AUBREY SCHNEIDER	DIRECTOR	1.50	Director	$0	$0	$0
JARED SCHWARTZ	DIRECTOR	1.50	Director	$0	$0	$0
JAMES FOLEY	DIRECTOR	1.50	Director	$0	$0	$0
KATHY CAMPBELL	DIRECTOR	1.50	Director	$0	$0	$0
HARRY MANLEY	DIRECTOR AS OF DEC. 2024	1.50	Director	$0	$0	$0
MARY MULLENNIX	DIRECTOR AS OF NOV. 2024	1.50	Director	$0	$0	$0
RACHELLE WHITELEATHER	DIRECTOR	1.50	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
2025	$417,265	$489,540	$102,957	$-72,275
2024	$516,615	$490,616	$150,767	$25,999
2023	$372,786	$381,637	$159,849	$-8,851
2022	$360,459	$363,242	$129,412	$-2,783
2021	$321,257	$290,874	$115,423	$30,383
2020	$296,275	$286,981	$66,455	$9,294
2019	$259,764	$247,181	$55,223	$12,583
2018	$206,030	$201,182	$48,077	$4,848

FRIENDS OF THE LIGHT HOUSE INC