MARVELLOUS LIGHT CORPORATION (EIN 742868646) - 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

Principal Officer

JUSTIN F MILLENDER

Tax Period

2021-01-01 to 2021-12-31

MARVELLOUS LIGHT CORPORATION, founded in 1997, is a small nonprofit that reported $265K in total revenue in fiscal year 2021. The organization ran a surplus of $84K, a strong 32% operating margin.

Mission

Marvellous Light Corporation provides low income housing for 32 families that qualify for reduced rent based on certain criterion and will house other as more units become available.

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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 (2021)

Revenue Breakdown

Contributions & Grants $57,411

Program Service Revenue $208,072

Investment Income $0

Other Revenue $0

TOTAL REVENUE $265,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,628

Fundraising Expenses $0

Program Expenses $145,228

Other Expenses $98,906

TOTAL EXPENSES $181,534

Year-over-Year Comparison

	2021	2020	Change
Revenue	$265,483	$248,603	+0.1%
Expenses	$181,534	$189,262	0.0%
Net Income	$83,949	$59,341	+0.4%

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

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

$33,211

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN MILLENDER	Executive Dir.	40.00	Director	$33,211	$0	$33,211
STEVEN REAL	Treasurer	2.00	Officer	$0	$0	$0
RENE VASQUEZ	President	2.00	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
2021	$265,483	$181,534	$2,092,445	$83,949
2020	$248,603	$189,262	$2,095,614	$59,341
2019	$184,716	$220,360	$2,582,454	$-35,644

MARVELLOUS LIGHT CORPORATION