The Light Foundation (EIN 813061830) - 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

Phone

3142873633

Tax Period

2024-01-01 to 2024-12-31

The Light Foundation, founded in 2016, is a small nonprofit in the Youth Development sector that reported $491K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $902K exceeded revenue, resulting in a 84% operating deficit.

Mission

THE LIGHT FOUNDATION MISSION IS TO BUILD CORE VALUES IN YOUTH AND CONNECT THEM TO OPPORTUNITIES THAT WILL ENRICH THEIR LIVES.

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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 $57,166

Program Service Revenue $0

Investment Income $459,540

Other Revenue $-25,747

TOTAL REVENUE $490,959

Expense Breakdown

Grants Paid $87,251

Salaries & Benefits $404,593

Fundraising Expenses $15,171

Program Expenses $742,209

Other Expenses $409,914

TOTAL EXPENSES $901,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,959	$322,146	+0.5%
Expenses	$901,758	$1,100,580	-0.2%
Net Income	$-410,799	$-778,434	-0.5%

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

100

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

$84,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL WILSON	TREASURER	1.0	Officer Director	$0	$0	$0
ROBERT COCKERHAM	PRESIDENT	5.0	Officer Director	$0	$0	$0
STACIA COCKERHAM	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
BRANDON COCKERHAM	DIRECTOR	1.0	Director	$0	$0	$0
BRET AKERS	DIRECTOR	1.0	Director	$0	$0	$0
SHARON MISTRETTA	EXECUTIVE DIRECTOR	40.0	Officer	$78,355	$6,521	$84,876

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	$490,959	$901,758	$1,866,702	$-410,799
2023	$322,146	$1,100,580	$2,844,758	$-778,434
2022	$302,565	$1,100,637	$3,569,000	$-798,072
2021	$1,750,959	$852,619	$5,323,293	$898,340
2020	$174,956	$871,967	$4,504,698	$-697,011
2019	$244,247	$797,446	$4,768,302	$-553,199
2018	$301,326	$809,116	$4,510,429	$-507,790

The Light Foundation