Tower Lights Charities Inc (EIN 811892002) - 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

2016

Legal Domicile

Principal Officer

Michael H Greenbaum

Tax Period

2023-01-01 to 2023-12-31

Tower Lights Charities Inc, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $245K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $105K, a strong 43% operating margin.

Mission

Tower Lights Charities mission is to provide relief to the poor and needy. Tower Lights hosts an annual fundraising event to raise money.

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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 $30,725

Program Service Revenue $0

Investment Income $0

Other Revenue $214,011

TOTAL REVENUE $244,736

Expense Breakdown

Grants Paid $138,585

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,782

Other Expenses $1,581

TOTAL EXPENSES $140,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,736	$450,909	-0.5%
Expenses	$140,166	$346,935	-0.6%
Net Income	$104,570	$103,974	+0.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Weintraub	Director	0.00	Director	$0	$0	$0
David Greenbaum	Director	0.00	Officer Director	$0	$0	$0
Jerry N Little Jr	Director	0.00	Officer	$0	$0	$0
Michael H Greenbaum	Director	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
2024	No data	No data	No data	No data
2023	$244,736	$140,166	$375,124	$104,570
2022	$450,909	$346,935	$254,241	$103,974

Tower Lights Charities Inc