THE PORCHLIGHT FOUNDATION INC (EIN 844281642) - 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

2020

Legal Domicile

Principal Officer

PHILLIP SMITH

Phone

8137253911

Tax Period

2024-01-01 to 2024-12-31

THE PORCHLIGHT FOUNDATION INC, founded in 2020, is a micro nonprofit in the Housing & Shelter sector that reported $27K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $34K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE PORCHLIGHT FOUNDATION, INC. IS A 501(C)(3) NOT-FOR-PROFIT CORPORATION CREATED TO PARTNER WITH OTHER NON-PROFITS TO DEVELOP AND BUILD HOUSING FOR THOSE WHO WOULD OTHERWISE ... (CONTINUED ON SCHEDULE O)

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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 $25,866

Program Service Revenue $0

Investment Income $1,087

Other Revenue $99

TOTAL REVENUE $27,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,399

Other Expenses $33,714

TOTAL EXPENSES $33,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,052	$70,526	-0.6%
Expenses	$33,714	$14,268	+1.4%
Net Income	$-6,662	$56,258	-1.1%

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
JEFFERY CASH	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE COWLEY	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
MARILYN MULLEN HEALY	DIRECTOR	1.00	Director	$0	$0	$0
NICK HERRING	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
COLLEEN SMITH	EXECUTIVE DI	10.00	Director	$0	$0	$0
PHILLIP SMITH	PRESIDENT	1.00	Officer 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	$27,052	$33,714	$344,042	$-6,662
2023	$70,526	$14,268	$364,175	$56,258
2022	$301,325	$19,570	$307,137	$281,755

THE PORCHLIGHT FOUNDATION INC