LIGHTHOUSE FOUNDATION OF CORINTH INC (EIN 640860313) - 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

1993

Legal Domicile

Principal Officer

GARY CAVENESS

Phone

6622860091

Tax Period

2024-01-01 to 2024-12-31

LIGHTHOUSE FOUNDATION OF CORINTH INC, founded in 1993, is a small nonprofit in the Youth Development sector that reported $710K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $790K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE YOUTH MENTORING AND TUTORING IN A CHRISTIAN ATMOSPHERE.

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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 $717,750

Program Service Revenue $0

Investment Income $3,310

Other Revenue $-11,521

TOTAL REVENUE $709,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,948

Fundraising Expenses $0

Program Expenses $470,117

Other Expenses $513,678

TOTAL EXPENSES $789,626

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,539	$896,393	-0.2%
Expenses	$789,626	$747,363	+0.1%
Net Income	$-80,087	$149,030	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY CARTWRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
MARGARET DENNIE	LIFE MEMBER	0.50	Director	$0	$0	$0
STEVE DREWERY	MEMBER	0.50	Director	$0	$0	$0
MITCH JOHNSON	MEMBER	0.50	Director	$0	$0	$0
PHIL LITTLE	TREASURER	1.00	Officer Director	$0	$0	$0
GT MCCULLOUGH	MEMBER	0.50	Director	$0	$0	$0
VINCE OVERHOLT	MEMBER	0.50	Director	$0	$0	$0
GREGG PARKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY PAYNE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JAMES POLLARD	MEMBER	0.50	Director	$0	$0	$0
CHRIS PUCKETT	MEMBER	0.50	Director	$0	$0	$0
JENNIFER SHIPP	MEMBER	0.50	Director	$0	$0	$0
MARCUS SIMMONS	MEMBER	0.50	Director	$0	$0	$0
WILLIAM SORRELL	MEMBER	0.50	Director	$0	$0	$0
ZEB TAYLOR	MEMBER	0.50	Director	$0	$0	$0
JOE VAN	LIFE MEMBER	0.50	Director	$0	$0	$0
GREG WILLIAMS	MEMBER	0.50	Director	$0	$0	$0
RICK WILLIS	MEMBER	0.50	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	$709,539	$789,626	$670,516	$-80,087
2023	$896,393	$747,363	$821,539	$149,030
2022	$696,976	$706,003	$371,623	$-9,027
2021	$727,744	$670,613	$379,957	$57,131
2020	$712,418	$637,244	$334,366	$75,174
2019	$712,862	$727,313	$278,471	$-14,451
2018	$668,060	$644,226	$285,337	$23,834

LIGHTHOUSE FOUNDATION OF CORINTH INC