LIGHTHOUSE FOUNDATION OF CHICAGOLAND (EIN 863730708) - 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

2021

Legal Domicile

Principal Officer

JAMIE FRAZIER

Phone

7737170661

Tax Period

2024-01-01 to 2024-12-31

LIGHTHOUSE FOUNDATION OF CHICAGOLAND, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $540K in total revenue in fiscal year 2022. Expenses of $499K left a modest 8% surplus.

Mission

The Lighthouse Foundation is a black, LGBTQ+-led, multiracial social justice organization that advances justice for black LGBTQ+ people through empowerment, education, and entertainment.

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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 $1,598,779

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,598,779

Expense Breakdown

Grants Paid $82,198

Salaries & Benefits $524,141

Fundraising Expenses $95,592

Program Expenses $834,104

Other Expenses $549,076

TOTAL EXPENSES $1,155,415

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,598,779	$1,022,758	+0.6%
Expenses	$1,155,415	$730,807	+0.6%
Net Income	$443,364	$291,951	+0.5%

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

$118,594

Total Directors

$221,394

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE FRAZIER	Executive Dir.	40.00	Officer Director	$118,594	$0	$118,594
ALLEN WOMBLE	Director	40.00	Director	$102,800	$0	$102,800
KARLYN MEYER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL STONE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LESLIE RAMYK	Director	2.00	Director	$0	$0	$0
SVJETLANA GRBIC	Treasurer	2.00	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	$1,598,779	$1,155,415	$862,487	$443,364
2023	$1,022,758	$730,807	$476,563	$291,951
2022	$540,001	$499,414	$157,410	$40,587

LIGHTHOUSE FOUNDATION OF CHICAGOLAND