Lighthouse For The Blind Of Houston Inc (EIN 741146781) - 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

1939

Legal Domicile

Principal Officer

Jenna Dhayer

Phone

7135279561

Tax Period

2023-07-01 to 2024-06-30

Lighthouse For The Blind Of Houston Inc, founded in 1939, is a community nonprofit in the Diseases & Disorders sector that reported $4.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $5.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

Assist people who are blind and visually impaired in becoming independent members of society.

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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 $584,114

Program Service Revenue $2,954,323

Investment Income $482,647

Other Revenue $141,397

TOTAL REVENUE $4,162,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,564,678

Fundraising Expenses $269,361

Program Expenses $3,990,141

Other Expenses $1,702,816

TOTAL EXPENSES $5,267,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,162,481	$3,659,282	+0.1%
Expenses	$5,267,494	$5,211,110	+0.0%
Net Income	$-1,105,013	$-1,551,828	-0.3%

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

114

Volunteers

191

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

$505,448

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Donat	Chair	1.00	Officer Director	$0	$0	$0
Kim Colburn	Chair-Elect, Secretary	1.00	Officer Director	$0	$0	$0
Chris Reinecker	Finance Chair, Treasurer	1.00	Officer Director	$0	$0	$0
Erin Applegate	Director	1.00	Director	$0	$0	$0
Cope Bailey	Director	1.00	Director	$0	$0	$0
Caitlin Bakhtiary	Director	1.00	Director	$0	$0	$0
Cody Biller	Director	1.00	Director	$0	$0	$0
Bruce Gourd	Director	1.00	Director	$0	$0	$0
Vivecca Hartman	Director	1.00	Director	$0	$0	$0
Lonnie Knowles	Director	1.00	Director	$0	$0	$0
Omer Malik	Director	1.00	Director	$0	$0	$0
Michael McCulloch	Director	1.00	Director	$0	$0	$0
Merle Petty	Director	1.00	Director	$0	$0	$0
Mazher Poonawala	Director	1.00	Director	$0	$0	$0
Jeffrey Smith	Director	1.00	Director	$0	$0	$0
Alexis Smith	Director	1.00	Director	$0	$0	$0
Ruhi Soni	Director	1.00	Director	$0	$0	$0
Christine Stevenson	Director	1.00	Director	$0	$0	$0
Michael Twa	Director	1.00	Director	$0	$0	$0
Doug Yeager	Director	1.00	Director	$0	$0	$0
Chelean Zander	VP Programs	40.00	Officer	$144,546	$8,100	$152,646
Daniel Williams	VP Operations (thru 10/23)	40.00	Officer	$119,840	$17,149	$136,989
Jenna Dhayer	President	40.00	Officer	$184,439	$16,316	$200,755
Terry Vaughn Jr	VP Operations (as of 11/23)	40.00	Officer	$15,058	$0	$15,058

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	$4,162,481	$5,267,494	$24,458,338	$-1,105,013
2023	$3,659,282	$5,211,110	$25,583,329	$-1,551,828
2022	$5,211,128	$4,918,432	$28,755,418	$292,696
2021	$5,413,103	$5,545,047	$28,697,781	$-131,944
2020	$4,886,840	$6,367,703	$29,679,372	$-1,480,863
2019	$22,928,693	$7,452,036	$30,155,483	$15,476,657
2018	$5,113,826	$7,360,109	$15,543,472	$-2,246,283

Lighthouse For The Blind Of Houston Inc