THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS INC (EIN 720408941) - 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

1915

Legal Domicile

Principal Officer

DARLENE BUDGEWATER

Phone

5048994501

Tax Period

2024-01-01 to 2024-12-31

THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS INC, founded in 1915, is a community nonprofit in the Diseases & Disorders sector that reported $8.2M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

TO EMPOWER PEOPLE WITH DISABILITIES THROUGH EMPLOYMENT, SERVICES AND ADVOCACY.

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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 $1,666,628

Program Service Revenue $6,308,400

Investment Income $229,338

Other Revenue $-12,262

TOTAL REVENUE $8,192,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,054,791

Fundraising Expenses $394,435

Program Expenses $5,764,807

Other Expenses $4,435,858

TOTAL EXPENSES $8,490,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,192,104	$5,889,928	+0.4%
Expenses	$8,490,649	$9,204,132	-0.1%
Net Income	$-298,545	$-3,314,204	-0.9%

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

103

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

$370,764

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY ST ROMAIN	DIRECTOR	0.25	Director	$0	$0	$0
SEEMA WALIA	DIRECTOR	0.25	Director	$0	$0	$0
DURONNE WALKER	DIRECTOR	0.25	Director	$0	$0	$0
GLENDA SPEARS	DIRECTOR	0.25	Director	$0	$0	$0
GREGORY MANNING	DIRECTOR	0.25	Director	$0	$0	$0
KATIE LASKEY	DIRECTOR	0.25	Director	$0	$0	$0
LAURA MCWHIRTER	DIRECTOR	0.25	Director	$0	$0	$0
MEGAN MAJOUE	DIRECTOR	0.25	Director	$0	$0	$0
MERCEDES MONTAGNES	DIRECTOR	0.25	Director	$0	$0	$0
PETER WARING	DIRECTOR	0.25	Director	$0	$0	$0
REBECCA WAXMAN	DIRECTOR	0.25	Director	$0	$0	$0
CELESTE EUSTIS	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN CASEY	DIRECTOR	0.25	Director	$0	$0	$0
RENEE HORTON	DIRECTOR	0.25	Director	$0	$0	$0
SUE STRACHAN	DIRECTOR	0.25	Director	$0	$0	$0
PAUL MASINTER	DIRECTOR	0.25	Director	$0	$0	$0
DANIELLE BOREL	DIRECTOR (THRU 04/24)	0.25	Director	$0	$0	$0
PATRICK BROWNE III	DIRECTOR (THRU 04/24)	0.25	Director	$0	$0	$0
ANDREW KINGSLEY	DIRECTOR (THRU 06/24)	0.25	Director	$0	$0	$0
BLAIR MONROE	DIRECTOR (THRU 04/24)	0.25	Director	$0	$0	$0
EDWARD THIBODEAUX	DIRECTOR (THRU 04/24)	0.25	Director	$0	$0	$0
MOLLY VIGOUR	DIRECTOR (THRU 04/24)	0.25	Director	$0	$0	$0
CAMERON CURRIE	CHAIR	0.25	Officer Director	$0	$0	$0
CONNIE BELLONE	VICE CHAIR	0.25	Officer Director	$0	$0	$0
ED STAUSS	SECRETARY	0.25	Officer Director	$0	$0	$0
KEITH MCCULLOCH	TREASURER	0.25	Officer Director	$0	$0	$0
CHARLIE MARTS	CHAIR (THRU 04/24)	0.25	Officer Director	$0	$0	$0
MARCELLE WAINER	SECRETARY (THRU 04/24)	0.25	Officer Director	$0	$0	$0
JASON JOBES	TREASURER (THRU 04/24)/DIRECTOR	0.25	Officer Director	$0	$0	$0
DARLENE BUDGEWATER	PRESIDENT/CEO	40.00	Officer	$205,883	$28,757	$234,640
PAUL BERNARD	CFO	40.00	Officer	$125,363	$10,761	$136,124
JENICE HECK	COO	40.00	Highest	$129,725	$11,675	$141,400
THEODORE HAEFELE	CPO	40.00	Highest	$114,476	$42,424	$156,900

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	$8,192,104	$8,490,649	$14,749,151	$-298,545
2023	$5,889,928	$9,204,132	$15,063,668	$-3,314,204
2022	$7,045,879	$10,250,392	$16,592,855	$-3,204,513
2021	$9,622,051	$10,768,297	$20,791,021	$-1,146,246
2020	$11,590,797	$11,214,750	$21,058,928	$376,047
2019	$9,443,654	$11,244,405	$20,371,978	$-1,800,751
2018	$11,630,365	$11,896,174	$22,193,951	$-265,809

THE LIGHTHOUSE FOR THE BLIND IN NEW ORLEANS INC