LIGHTHOUSE FAMILY NETWORK INC

EIN: 742736489 501(c)(3) Human Services

SALADO, TX

Total Revenue
$693,728
Total Expenses
$735,133
Total Assets
$140,872
Net Assets
$112,805
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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
1995
Legal Domicile
TX
Principal Officer
DWAYNE LAMBERT
Phone
2549473152
Tax Period
2023-01-01 to 2023-12-31

LIGHTHOUSE FAMILY NETWORK INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $694K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

RESIDENTIAL/CHILD PLACING AGENCY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $693,728
Investment Income $0
Other Revenue $0
TOTAL REVENUE $693,728

Expense Breakdown

Grants Paid $327,668
Salaries & Benefits $288,724
Fundraising Expenses $0
Program Expenses $735,133
Other Expenses $118,741
TOTAL EXPENSES $735,133

Year-over-Year Comparison

2023 2022 Change
Revenue $693,728 $832,496 -0.2%
Expenses $735,133 $807,773 -0.1%
Net Income $-41,405 $24,723 -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

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Governance

Voting Members
3
Independent Members
3
Employees
5
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
1
$81,123
Total Directors
1
$81,123
Key Employees
2
$107,396
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DWAYNE LAMBERT PROGRAM DIRECTOR 40.00
Officer Director Key Emp Highest
$81,123 $0 $81,123
EMILY BENTON STAFF DEV/ADMIN 40.00
Key Emp
$26,273 $0 $26,273
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 $693,728 $735,133 $140,872 $-41,405
2022 $832,496 $807,773 $198,063 $24,723
2021 $843,907 $801,910 $210,398 $41,997
2020 $923,542 $907,102 $219,937 $16,440
2019 $897,917 $993,316 $143,805 $-95,399
2018 $964,019 $1,161,976 $184,590 $-197,957
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