LIGHTHOUSE FOR THE BLIND OF THE PALM BEACHES INC (EIN 596008622) - 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

1946

Legal Domicile

Phone

5615865600

Tax Period

2024-01-01 to 2024-12-31

LIGHTHOUSE FOR THE BLIND OF THE PALM BEACHES INC, founded in 1946, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.6M left a modest 4% surplus.

Mission

LIGHTHOUSE FOR THE BLIND OF THE PALM BEACHES, INC'S MISSION IS TO ASSIST PERSONS WITH VISUAL IMPAIRMENTS TO DEVELOP THEIR CAPABILITIES TO THE FULLEST AND TO UTILIZE THEM IN THE PURSUITS OF LIFE WHICH ARE THE RIGHT AND PRIVILEGE OF ALL.

🔒

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 $1,368,012

Program Service Revenue $216,469

Investment Income $94,390

Other Revenue $26,583

TOTAL REVENUE $1,705,454

Expense Breakdown

Grants Paid $28,250

Salaries & Benefits $1,116,333

Fundraising Expenses $63,640

Program Expenses $1,409,162

Other Expenses $489,793

TOTAL EXPENSES $1,634,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,705,454	$2,004,713	-0.1%
Expenses	$1,634,376	$1,479,571	+0.1%
Net Income	$71,078	$525,142	-0.9%

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

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

$131,602

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARMENCITA MITCHELL	VICE CHAIR	1.0	Officer Director	$0	$0	$0
DONTE MICKENS	TREASURER	1.0	Officer Director	$0	$0	$0
ROBERT H GREGORY III	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
SONDRA HOFFMAN	BOARD MEMBER AT LARGE	0.0	Officer Director	$0	$0	$0
TEKESHA SAFFOLD	SECRETARY	1.0	Officer Director	$0	$0	$0
ALLEN PRESTON	BOARD MEMBER	1.0	Director	$0	$0	$0
Anita Patel	Board Member	1.0	Director	$0	$0	$0
DR STEVEN EDENS	BOARD MEMBER	1.0	Director	$0	$0	$0
KIM CLAWSON	BOARD MEMBER	1.0	Director	$0	$0	$0
MARTIN S ZIPERN	BOARD MEMBER	1.0	Director	$0	$0	$0
MARYAM MOHAJER	BOARD MEMBER	1.0	Director	$0	$0	$0
RANDI RADIN	BOARD MEMBER	1.0	Director	$0	$0	$0
ROSHAN MASSOUMI	BOARD MEMBER	1.0	Director	$0	$0	$0
LISA STELLA	EXECUTIVE DIRECTOR	40.0	Officer	$84,113	$13,110	$97,223
TERRI SHERMETT	Executive Director (End 03/24)	40.0	Officer	$31,571	$2,808	$34,379

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	$1,705,454	$1,634,376	$5,330,687	$71,078
2023	$2,004,713	$1,479,571	$4,976,984	$525,142
2022	$1,510,165	$1,237,253	$4,549,393	$272,912
2021	$1,468,319	$1,089,799	$4,448,585	$378,520
2020	$893,470	$1,590,262	$3,955,860	$-696,792
2019	$1,339,202	$1,183,686	$4,509,266	$155,516
2018	$957,622	$1,156,720	$4,146,188	$-199,098

LIGHTHOUSE FOR THE BLIND OF THE PALM BEACHES INC