Lantern Network (EIN 852126429) - 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

Phone

3343913886

Tax Period

2024-01-01 to 2024-12-31

Lantern Network, founded in 2020, is a small nonprofit in the Youth Development sector that reported $355K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $306K left a modest 14% surplus.

Mission

a public charity to provide mentorship and entrepreneurship for underestimated American youth

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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 $346,137

Program Service Revenue $0

Investment Income $0

Other Revenue $8,800

TOTAL REVENUE $354,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,851

Fundraising Expenses $12,265

Program Expenses $180,899

Other Expenses $221,589

TOTAL EXPENSES $306,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,937	$263,786	+0.3%
Expenses	$306,440	$237,278	+0.3%
Net Income	$48,497	$26,508	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erwin Raphael	Chair	1	Officer	$0	$0	$0
Francis Price	Board Member	1	Officer	$0	$0	$0
Jerry Heuer	Board Member	1	Officer	$0	$0	$0
Marilyn Raphael	Board Member	1	Officer	$0	$0	$0
Festus Ayeni	Board Member	1	Officer	$0	$0	$0
Sam Raphael	Board Member	1	Officer	$0	$0	$0
Tracy Davis	Executive Director	60	Highest	$78,000	$0	$78,000

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	$354,937	$306,440	$126,036	$48,497
2023	$263,786	$237,278	$90,486	$26,508

Lantern Network