HILLSBORO LIGHTHOUSE PRESERVATION SOCIETY INC (EIN 650803910) - 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

1997

Legal Domicile

Principal Officer

KENNETH J HERMAN

Phone

9549429100

Tax Period

2023-01-01 to 2023-12-31

HILLSBORO LIGHTHOUSE PRESERVATION SOCIETY INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $146K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $128K left a modest 12% surplus.

Mission

PRESERVATION AND MAINTENANCE OF HILLSBORO INLET LIGHTHOUSE WHICH WAS INSTALLED IN HILLSBORO BEACH, FLORIDA IN 1907 SO THAT THE LOCAL COMMUNITY, TOURISTS, AND FUTURE GENERATIONS WILL CONTINUE TO BE EDUCATED AND UNDERSTAND THE HISTORY OF THE LIGHTHOUSE. MAINTENANCE OF THE LIGHTHOUE INCLUDES GROUND PRESERVATION, STRUCTURAL SOUNDNESS, PAINTING, MAINTENANCE OF THE LENS, AND ANY OTHER NEEDS TO ENSURE THE CONTINUED STABILITY OF THE STRUCRE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $102,800

Program Service Revenue $0

Investment Income $0

Other Revenue $43,280

TOTAL REVENUE $146,080

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $22,470

Program Expenses $70,471

Other Expenses $102,973

TOTAL EXPENSES $127,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,080	$250,296	-0.4%
Expenses	$127,973	$171,629	-0.3%
Net Income	$18,107	$78,667	-0.8%

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

N/A

Employees

N/A

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
DAVID DEJESUS	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE DIVICH	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA DOONE	DIRECTOR	1.00	Director	$0	$0	$0
RALPH KRUGLER	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK R MACLEAN	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR MAKENIAN	DIIRECTOR	1.00	Director	$0	$0	$0
ROB O'NEIL	DIRECTOR	1.00	Director	$0	$0	$0
BILL SLAGER	DIRECTOR	1.00	Director	$0	$0	$0
AMBER THOMPSON-VELEZ	DIRECTOR	1.00	Director	$0	$0	$0
PAM WUNDERLICH	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD H DIETRICH	VICE PRESIDE	1.00	Officer	$0	$0	$0
BRIAN GINCH	TREASURER	1.00	Officer	$0	$0	$0
KENNETH J HERMAN	PRESIDENT	1.00	Officer	$0	$0	$0
BETSY SLAGLE	SECRETARY	1.00	Officer	$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
2023	$146,080	$127,973	$226,714	$18,107
2022	$250,296	$171,629	$208,607	$78,667
2022	$253,244	$103,918	$291,174	$149,326

HILLSBORO LIGHTHOUSE PRESERVATION SOCIETY INC