LIGHTHOUSE PREPARATORY ACADEMY (EIN 711022033) - 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

2011

Legal Domicile

Phone

5736455253

Tax Period

2023-07-01 to 2024-06-30

LIGHTHOUSE PREPARATORY ACADEMY, founded in 2011, is a small nonprofit in the Education sector that reported $800K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $728K left a modest 9% surplus.

Mission

THE LIGHTHOUSE PREPARATORY ACADEMY'S MISSION IS TO STRENGTHEN FAMILIES BY PARTNERING WITH PARENTS TO DEVELOP WITNESSES FOR CHRIST THROUGH ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT

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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 $35,323

Program Service Revenue $733,907

Investment Income $1,914

Other Revenue $28,444

TOTAL REVENUE $799,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $424,032

Fundraising Expenses $0

Program Expenses $578,995

Other Expenses $303,726

TOTAL EXPENSES $727,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$799,588	$731,140	+0.1%
Expenses	$727,758	$774,566	-0.1%
Net Income	$71,830	$-43,426	-2.7%

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
Shawn King	Board Member	0.00	Director	$0	$0	$0
Tiffany Taggert	Board Member	0.00	Director	$0	$0	$0
Brandon Johns	Board Member	0.00	Director	$0	$0	$0
Stacy Kadow	Board Member	0.00	Director	$0	$0	$0
Todd Hart	Board Member	0.00	Director	$0	$0	$0
Zach Seales	Treasurer	1.00	Officer Director	$0	$0	$0
Larry Coen	President	1.00	Director	$0	$0	$0
Angie Lehman	Board Member	0.00	Director	$0	$0	$0
Sarah Anderson	Board Member	0.00	Director	$0	$0	$0
Sandy Hall	Board Member	0.00	Director	$0	$0	$0
Luke Sumner	Secretary	1.00	Officer Director	$0	$0	$0
Adam Grayson	Board Member	0.00	Officer Director	$0	$0	$0
Roger Whitmore	Board Member	0.00	Director	$0	$0	$0
Mary Alexander	Vice President	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
2025	No data	No data	No data	No data
2024	$799,588	$727,758	$1,532,896	$71,830
2023	$731,140	$774,566	$1,535,486	$-43,426
2022	$829,421	$803,959	$1,632,290	$25,462
2021	$702,632	$607,151	$1,600,000	$95,481
2020	$576,003	$576,555	$1,153,364	$-552
2019	$600,769	$679,823	$1,117,723	$-79,054

LIGHTHOUSE PREPARATORY ACADEMY