LIGHTHOUSE BEGINNINGS (EIN 853552096) - 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

SCOTT ADKISSON

Phone

6126708873

Tax Period

2024-01-01 to 2024-12-31

LIGHTHOUSE BEGINNINGS, founded in 2020, is a small nonprofit in the Human Services sector that reported $985K in total revenue in fiscal year 2024. Revenue surged 464% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE CONTINUED SUPPORT FOR THOSE EXPLORING RECOVERY BY HONORING ALL PATHWAYS AND MEETING INDIVIDUALS WHERE THEY ARE AT.

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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 $335,282

Program Service Revenue $651,370

Investment Income $9

Other Revenue $-1,906

TOTAL REVENUE $984,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $693,629

Fundraising Expenses $35,485

Program Expenses $1,119,374

Other Expenses $649,681

TOTAL EXPENSES $1,343,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$984,755	$174,467	+4.6%
Expenses	$1,343,310	$256,238	+4.2%
Net Income	$-358,555	$-81,771	+3.4%

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
SCOTT ADKISSON	INTERIM EXECUTIVE DIRECTOR	20.00	Officer Director	$0	$0	$0
CATHERINE MARKEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHASE PAULSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JILL NESS	TREASURER	10.00	Officer Director	$0	$0	$0
JACKIE GORDON	SECRETARY	1.00	Officer 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	$984,755	$1,343,310	$235,542	$-358,555

LIGHTHOUSE BEGINNINGS