FIRST LIGHT INC (EIN 631197189) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

SHERRY J BRAY

Phone

2053234277

Tax Period

2024-07-01 to 2025-06-30

First Light Inc, founded in 1998, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

OFFER THOSE EXPERIENCING HOMELESSNESS STABLE EMERGENCY SHELTER, ACCESS TO HOUSING PROGRAMS, AND THE RESOURCES FOR THEM TO ACHIEVE THEIR FULL POTENTIAL.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,237,374

Program Service Revenue $133,775

Investment Income $169,420

Other Revenue $266,669

TOTAL REVENUE $3,807,238

Expense Breakdown

Grants Paid $899,775

Salaries & Benefits $808,024

Fundraising Expenses $90,653

Program Expenses $2,094,248

Other Expenses $744,116

TOTAL EXPENSES $2,451,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,807,238	$4,794,046	-0.2%
Expenses	$2,451,915	$2,286,513	+0.1%
Net Income	$1,355,323	$2,507,533	-0.5%

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

Volunteers

N/A

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

$109,113

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL BRAKEFIELD	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON PATTERSON	DIRECTOR	2.00	Director	$0	$0	$0
BETH MALIZIA	DIRECTOR	2.00	Director	$0	$0	$0
KELSEY MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
GWIN SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
VISHWA PATEL	DIRECTOR	2.00	Director	$0	$0	$0
VINAY PATEL	DIRECTOR	2.00	Director	$0	$0	$0
VIRGINIA MILLER	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA W KOEHLER	DIRECTOR	2.00	Director	$0	$0	$0
MARY GRACE JOHNSEY	DIRECTOR	2.00	Director	$0	$0	$0
REV TERRY HAMILTON-POORE	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR EDGE III	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY A COWART	DIRECTOR	2.00	Director	$0	$0	$0
LUCY COKER	DIRECTOR	2.00	Director	$0	$0	$0
ALLISON CHANG-ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
MELINDA BURNETT	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
EMILY T VANDE LUNE	SECRETARY	4.00	Officer Director	$0	$0	$0
DAMON REED	TREASURER	4.00	Officer Director	$0	$0	$0
MILLICENT W RONNLUND	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DAVIS GOODSON	PRESIDENT	4.00	Officer Director	$0	$0	$0
SHERRY BRAY	EXECUTIVE DIRECTOR	50.00	Officer	$109,113	$0	$109,113

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	$3,807,238	$2,451,915	$9,645,698	$1,355,323
2024	$4,794,046	$2,286,513	$7,923,520	$2,507,533
2023	$2,267,130	$2,068,342	$5,402,521	$198,788
2022	$2,573,805	$2,183,826	$2,855,073	$389,979
2021	$2,276,326	$2,155,987	$2,462,589	$120,339
2020	$2,482,124	$2,206,655	$2,485,344	$275,469
2019	$1,973,188	$2,049,954	$2,057,607	$-76,766

FIRST LIGHT INC