LANTERN FOUNDATION

EIN: 850713747 501(c)(3) Religion

HICKORY, NC

Total Revenue
$3,433,995
Total Expenses
$3,716,352
Total Assets
$320,588
Net Assets
$320,588
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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
NC
Principal Officer
KORRIN MOON
Phone
8157193548
Tax Period
2023-01-01 to 2023-12-31

LANTERN FOUNDATION, founded in 2020, is a community nonprofit in the Religion sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

UNITE WITH NATIONS TO RESCUE THE EXPLOITED, THE PERSECUTED AND THE DISPLACED.

Program Service Accomplishments

Program 1
Expenses: $1,630,326

SELECTED AND TRAINED TASK FORCE MEMBERS THAT RESCUED VICTIMS OF HUMAN TRAFFICKING IN VARIOUS AREAS SUCH AS CENTRAL AMERICA AND THE CARRIBBEAN, EUROPE, SOUTH AMERICA, SUB-SAHARAN AFRICA, AND NORTH...

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SELECTED AND TRAINED TASK FORCE MEMBERS THAT RESCUED VICTIMS OF HUMAN TRAFFICKING IN VARIOUS AREAS SUCH AS CENTRAL AMERICA AND THE CARRIBBEAN, EUROPE, SOUTH AMERICA, SUB-SAHARAN AFRICA, AND NORTH AFRICA.

Program 2
Expenses: $745,163

PROVIDED HUMANITARIAN AID IN COUNTRIES IN CRISIS OR WAR.

Program 3
Expenses: $399,890

RESCUING THOSE FACED WITH PERSECUTION IN ASIA, THE PACIFIC AND MIDDLE EAST.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,432,198
Program Service Revenue $0
Investment Income $0
Other Revenue $1,797
TOTAL REVENUE $3,433,995

Expense Breakdown

Grants Paid $1,398,337
Salaries & Benefits $899,386
Fundraising Expenses $17,402
Program Expenses $2,775,379
Other Expenses $1,418,629
TOTAL EXPENSES $3,716,352

Year-over-Year Comparison

2023 2022 Change
Revenue $3,433,995 $2,589,339 +0.3%
Expenses $3,716,352 $2,171,697 +0.7%
Net Income $-282,357 $417,642 -1.7%
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

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Governance

Voting Members
4
Independent Members
3
Employees
11
Volunteers
14

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
4
$241,600
Total Directors
7
$241,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL HICKS PRESIDENT 40.00
Officer Director
$153,600 $0 $153,600
KORRIN MOON VICE PRESIDENT/PRESIDENT 40.00
Officer Director
$88,000 $0 $88,000
ROBERT BOYD SECRETARY 0.50
Officer Director
$0 $0 $0
STEVE BIONDO CHAIRMAN 5.00
Director
$0 $0 $0
JENNIFER STRICKLAND SECRETARY 5.00
Officer Director
$0 $0 $0
DAVID HODGES DIRECTOR 5.00
Director
$0 $0 $0
BRANDI COOK DIRECTOR 0.50
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 No data No data No data No data
2023 No data No data No data No data
2023 $3,433,995 $3,716,352 $320,588 $-282,357
2022 $2,589,339 $2,171,697 $602,945 $417,642
2021 $419,034 $256,287 $185,303 $162,747
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