LIGHTPATH HEALTH (EIN 850822605) - 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

MICHELLE DEGRATE

Phone

2149640444

Tax Period

2023-01-01 to 2023-12-31

LIGHTPATH HEALTH, founded in 2020, is a small nonprofit in the Health Care sector that reported $417K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $574K exceeded revenue, resulting in a 38% operating deficit.

Mission

LIGHTPATH HEALTH HELPS COMMUNITIES THRIVE BY BRINGING COMPREHENSIVE PRIMARY CARE TO HISTORICALLY UNDERSERVED AND OVERLOOKED COMMUNITIES. WE DEVELOP AND INVEST IN PROGRAMS THAT EXPAND ACCESS TO PRIMARY CARE IN THE COMMUNITITES THAT NEED IT MOST.

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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 $413,540

Program Service Revenue $0

Investment Income $0

Other Revenue $3,076

TOTAL REVENUE $416,616

Expense Breakdown

Grants Paid $14,804

Salaries & Benefits $323,027

Fundraising Expenses $2,114

Program Expenses $437,717

Other Expenses $236,610

TOTAL EXPENSES $574,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$416,616	$646,796	-0.4%
Expenses	$574,441	$648,648	-0.1%
Net Income	$-157,825	$-1,852	+84.2%

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

$107,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANCE SPIVEY	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER CROW	PRESIDENT/DIRECTOR	5.00	Officer Director	$0	$0	$0
TONY WILLOUGHBY	DIRECTOR	5.00	Director	$0	$0	$0
SARA BITTNER	DIRECTOR	5.00	Director	$0	$0	$0
KATHRYN ANDERSON	EXECUTIVE DIRECTOR	40.00	Officer	$107,396	$0	$107,396

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	$416,616	$574,441	$195,154	$-157,825
2022	$646,796	$648,648	$327,533	$-1,852
2022	$646,796	$648,648	$327,533	$-1,852
2020	$237,626	$6,795	$230,831	$230,831

LIGHTPATH HEALTH