LIGHT HOUSE (EIN 861363394) - 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

Tracey Colgrove

Phone

5317720137

Tax Period

2023-01-01 to 2023-12-31

LIGHT HOUSE, founded in 2020, is a small nonprofit in the Religion sector that reported $263K in total revenue in fiscal year 2023. Revenue surged 1543% from the prior year, signaling strong growth momentum. Expenses of $295K exceeded revenue, resulting in a 12% operating deficit.

Mission

Free meals for those in need, soup nights, a free annual Thanksgiving feast, and many more. Other community outreach.

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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 $3,350

Program Service Revenue $259,502

Investment Income $0

Other Revenue $0

TOTAL REVENUE $262,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,841

Fundraising Expenses $400

Program Expenses $291,717

Other Expenses $87,869

TOTAL EXPENSES $295,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,852	$16,000	+15.4%
Expenses	$295,110	$8,417	+34.1%
Net Income	$-32,258	$7,583	-5.3%

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

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

$19,064

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tracey Colgrove	President	40	Officer	$19,064	$0	$19,064
Tanya Gifford	Member at Large	10	Director	$0	$0	$0
Clark Osborn	Advisor	1	Director	$0	$0	$0
Patrick Kinchler	Treasurer	1	Director	$0	$0	$0
Teri Poppen	Secretary	1	Director	$0	$0	$0
Gerard Campbell	Member at Large	1	Director	$0	$0	$0
Jennifer Colgrove	Member at Large	1	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	$262,852	$295,110	$2,793	$-32,258

LIGHT HOUSE