EAST TEXAS LIGHTHOUSE FOR THE BLIND (EIN 751518083) - 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

1976

Legal Domicile

Principal Officer

LEONA HOLLOMAN

Phone

9035953444

Tax Period

2024-10-01 to 2025-09-30

EAST TEXAS LIGHTHOUSE FOR THE BLIND, founded in 1976, is a mid-sized nonprofit that reported $10.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.6M, a strong 26% operating margin.

Mission

EMPOWERING BLIND AMERICANS THROUGH REHABILITATION, EDUCATION, TRAINING, AND EMPLOYMENT

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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 $42,575

Program Service Revenue $71,364

Investment Income $1,227,392

Other Revenue $8,669,381

TOTAL REVENUE $10,010,712

Expense Breakdown

Grants Paid $54,808

Salaries & Benefits $4,319,413

Fundraising Expenses $0

Program Expenses $3,737,487

Other Expenses $3,080,356

TOTAL EXPENSES $7,454,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,010,712	$8,870,877	+0.1%
Expenses	$7,454,577	$7,693,490	0.0%
Net Income	$2,556,135	$1,177,387	+1.2%

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

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

$1,159,718

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MCCABE	VICE CHAIRMAN	16.00	Officer Director	$0	$0	$0
RON SHAFFER	PAST CHAIRMAN	4.00	Officer Director	$0	$0	$0
KENT HARRIS	DIRECTOR	4.00	Director	$0	$0	$0
REA BOUDREAUX	CHAIRMAN	16.00	Officer Director	$0	$0	$0
CLAY DICKESON	TREASURER	4.00	Officer Director	$0	$0	$0
JOE THIGPEN	SECRETARY	22.00	Officer Director	$0	$0	$0
BARBARA WRIGHT	DIRECTOR	22.00	Director	$0	$0	$0
DR HANS SCHURICHT	DIRECTOR	4.00	Director	$0	$0	$0
CODY ABLES	DIRECTOR	4.00	Director	$0	$0	$0
GARY SORRELS	DIRECTOR	4.00	Director	$0	$0	$0
JUSTIN WARD	DIRECTOR	4.00	Director	$0	$0	$0
RACHEL MEANS	DIRECTOR	4.00	Director	$0	$0	$0
CATHERINE HARRISON	DIRECTOR	4.00	Director	$0	$0	$0
TARA HAYS-ELLIS	DIRECTOR	4.00	Director	$0	$0	$0
THOMAS RASCO	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL HUBBARD	VP FINANCE/CFO	40.00	Officer	$179,682	$29,820	$209,502
LEE TILLSON	VP SALES & MARKETING	40.00	Officer	$192,175	$30,344	$222,519
HEATH HONZELL	VP OPERATIONS	40.00	Officer	$184,160	$38,024	$222,184
ALICIA LANSFORD	VP CHIEF MISSION OFFICER	40.00	Officer	$164,008	$36,806	$200,814
LEONA HOLLOMAN	PRESIDENT & CEO	40.00	Officer	$270,111	$34,588	$304,699
KIMBERLY HAYGOOD	EMPLOYEE	40.00	Highest	$108,141	$0	$108,141

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	$10,010,712	$7,454,577	$61,343,271	$2,556,135
2024	$8,870,877	$7,693,490	$54,931,179	$1,177,387
2023	$8,035,856	$7,380,670	$48,677,814	$655,186
2022	$9,265,830	$6,823,809	$45,131,329	$2,442,021
2021	$6,991,607	$6,559,028	$51,060,531	$432,579
2020	$8,735,980	$6,639,858	$46,991,942	$2,096,122
2019	$8,535,765	$6,909,251	$44,315,676	$1,626,514
2018	$8,243,720	$6,406,675	$41,964,677	$1,837,045

EAST TEXAS LIGHTHOUSE FOR THE BLIND