LIGHT ECONOMIC AND DEVELOPMENT INC

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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

Legal Domicile

Principal Officer

RONALD SHAW

Phone

2143205744

Tax Period

2023-01-01 to 2023-12-31

LIGHT ECONOMIC AND DEVELOPMENT INC, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $178K in total revenue in fiscal year 2023. The organization ran a surplus of $161K, a strong 91% operating margin.

Mission

TO DEVELOP STRATEGIC PARTNERSHIPS FOR THE SPRITUAL, ECONOMIC AND SOCIAL BENEFIT OF AREA YOUTH, RESIDENTS AND BUSINESSES. OUR ENERGY IS FOCUSED IN FOUR KEY AREAS: ENTERPRISE DEVELOPMENT, HOUSING DEVELOPMENT, WORKFOCE TRAINING AND LEADERSHIP DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $11,809 Revenue: $5,150

LIGHT ECONOMIC AND DEVELOPMENT'S PURPOSE IS HOUSING DEVELOPMENT. THE ORGANIZATION'S HOUSING PROGRAMS FOCUS ON MORTGAGE ASSISTANCE, HOMEBUYER TRAINING, AFFORDABLE HOUSING PRODUCTION, REAL ESTATE...

LIGHT ECONOMIC AND DEVELOPMENT'S PURPOSE IS HOUSING DEVELOPMENT. THE ORGANIZATION'S HOUSING PROGRAMS FOCUS ON MORTGAGE ASSISTANCE, HOMEBUYER TRAINING, AFFORDABLE HOUSING PRODUCTION, REAL ESTATE ACQUISITION, AND COMMUNITY REVITALIZATION.

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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 $0

Program Service Revenue $5,150

Investment Income $172,670

Other Revenue $0

TOTAL REVENUE $177,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,670

Fundraising Expenses $0

Program Expenses $11,809

Other Expenses $10,052

TOTAL EXPENSES $16,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,820	N/A	N/A
Expenses	$16,722	N/A	N/A
Net Income	$161,098	N/A	N/A

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

N/A

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

$6,670

Total Directors