START LIGHTHOUSE (EIN 852137528) - 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

ALISON SCHWARTZ

Phone

8645594347

Tax Period

2024-01-01 to 2024-12-31

START LIGHTHOUSE, founded in 2020, is a small nonprofit in the Education sector that reported $561K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

FOUNDED IN BRONX, NY, START LIGHTHOUSE IS A 501(C)3 NONPROFIT DEDICATED TO ADVANCING CHILDHOOD LITERACY THROUGH A SOCIAL JUSTICE LENSE. START LIGHTHOUSE ADDRESSES THE LITERACY CRISIS WITH A THREE-PRONGED APPROACH TO CREATE COMPELLING, REWARDING READING PROGRAMS FOR STUDENTS, THEIR TEACHERS, AND THEIR FAMILIES.

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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 $432,829

Program Service Revenue $128,100

Investment Income $0

Other Revenue $0

TOTAL REVENUE $560,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,734

Fundraising Expenses $0

Program Expenses $65,666

Other Expenses $100,147

TOTAL EXPENSES $548,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$560,929	$801,431	-0.3%
Expenses	$548,881	$356,510	+0.5%
Net Income	$12,048	$444,921	-1.0%

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

N/A

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
RINA MADHANI	EXECUTIVE DIRECTOR	040.00		$99,716	$0	$99,716
ALISON SCHWARTZ	PRESIDENT	005.00		$0	$0	$0
CARL LENNERTS	TREASURER	001.00		$0	$0	$0
ELLEN ROTHSCHILD	SECRETARY	001.00		$0	$0	$0
JONATHAN CHOU	OFFICER	001.00	Officer	$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	$560,929	$548,881	$577,545	$12,048
2024	$670,867	$624,082	$607,537	$46,785
2024	$501,120	$544,162	$607,537	$-43,042
2023	$801,431	$356,510	$552,740	$444,921
2022	$211,783	$177,338	$106,031	$34,445
2022	$265,649	$177,386	$105,724	$88,263
2022	$211,783	$177,338	$106,031	$34,445

START LIGHTHOUSE