LANTERN FOUNDATION (EIN 850713747) - 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

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

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

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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 $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

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

$241,600

Total Directors

$241,600

Key Employees

Highest Compensated

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	$3,433,995	$3,716,352	$320,588	$-282,357
2023	No data	No data	No data	No data
2022	$2,589,339	$2,171,697	$602,945	$417,642
2021	$419,034	$256,287	$185,303	$162,747

LANTERN FOUNDATION