SAN JOSE LIGHT TOWER CORPORATION (EIN 821108949) - 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

2017

Legal Domicile

Principal Officer

STEVE BORKENHAGEN

Phone

4083807218

Tax Period

2024-01-01 to 2024-12-31

SAN JOSE LIGHT TOWER CORPORATION, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $4K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 5036% operating deficit.

Mission

TO BUILD AN ICONIC LANDMARK FOR SAN JOSE AND SILICON VALLEY.

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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 $4,209

Program Service Revenue $0

Investment Income $146

Other Revenue $0

TOTAL REVENUE $4,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,983

Fundraising Expenses $589

Program Expenses $169,222

Other Expenses $72,688

TOTAL EXPENSES $223,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,355	$44,014	-0.9%
Expenses	$223,671	$224,709	0.0%
Net Income	$-219,316	$-180,695	+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

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

$140,000

Total Directors

$140,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BORKENHAGEN	EXECUTIVE DIRECTOR	40.00	Officer Director	$140,000	$0	$140,000
SEAN O'KANE	PRESIDENT	15.00	Officer Director	$0	$0	$0
RICHARD AJLUNI	SECRETARY	5.00	Officer Director	$0	$0	$0
SARAH ADEEL	DIRECTOR	1.00	Director	$0	$0	$0
LINA BROYDO	DIRECTOR	1.00	Director	$0	$0	$0
JAIME CHAVEZ	DIRECTOR	1.00	Director	$0	$0	$0
RAY HASHIMOTO	DIRECTOR	1.00	Director	$0	$0	$0
CHAPPIE JONES	DIRECTOR	5.00	Director	$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	$4,355	$223,671	$37,275	$-219,316
2023	$44,014	$224,709	$256,721	$-180,695
2022	$346,742	$410,348	$505,086	$-63,606
2021	$270,116	$428,192	$509,044	$-158,076
2020	$1,179,179	$1,049,701	$847,532	$129,478
2019	$393,494	$514,890	$551,055	$-121,396
2018	$925,070	$372,228	$649,223	$552,842

SAN JOSE LIGHT TOWER CORPORATION