Lighthouse Living Centers No 2 Inc (EIN 760208602) - 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

1986

Legal Domicile

Principal Officer

Jenna Dhayer

Phone

7135279561

Tax Period

2023-07-01 to 2024-06-30

Lighthouse Living Centers No 2 Inc, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $407K in total revenue in fiscal year 2023. Expenses of $362K left a modest 11% surplus.

Mission

To operate Section 202 multi-family housing for the elderly and disabled.

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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 $405,693

Investment Income $943

Other Revenue $0

TOTAL REVENUE $406,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,708

Fundraising Expenses $0

Program Expenses $322,931

Other Expenses $282,395

TOTAL EXPENSES $362,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$406,636	$397,478	+0.0%
Expenses	$362,103	$344,571	+0.1%
Net Income	$44,533	$52,907	-0.2%

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

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

$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
Bruce Gourd	Director	1.00	Director	$0	$0	$0
Jeffrey Smith	Director	1.00	Director	$0	$0	$0
Christine Stevenson	Director	1.00	Director	$0	$0	$0
Doug Yeager	Director	1.00	Director	$0	$0	$0
Chelean Zander	VP Programs	1.00	Officer	$0	$8,100	$152,646
Daniel Williams	VP Operations (thru 10/23)	1.00	Officer	$0	$17,149	$136,989
Jenna Dhayer	President	1.00	Officer	$0	$16,316	$200,755
Terry Vaughn Jr	VP Operations (as of 11/23)	1.00	Officer	$0	$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	$406,636	$362,103	$690,418	$44,533
2023	$397,478	$344,571	$718,607	$52,907
2022	$350,673	$312,064	$745,841	$38,609
2021	$361,000	$352,723	$752,228	$8,277
2020	$359,389	$317,362	$794,627	$42,027
2019	$351,200	$334,799	$835,387	$16,401
2018	$346,971	$331,863	$853,370	$15,108

Lighthouse Living Centers No 2 Inc