Light the Hoan Inc

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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

Michael Hostad

Tax Period

2023-01-01 to 2023-12-31

Light the Hoan Inc, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $739K in total revenue in fiscal year 2023. Revenue surged 933% from the prior year, signaling strong growth momentum. The organization ran a surplus of $480K, a strong 65% operating margin.

Mission

Promotion of culture and education

Program Service Accomplishments

Program 1

Expenses: $200,586

To promote appreciation for culture and history and to create education opportunities in the fields of Science, Technology, Engineering, and Math.

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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 $507,062

Program Service Revenue $223,586

Investment Income $8,763

Other Revenue $0

TOTAL REVENUE $739,411

Expense Breakdown

Grants Paid $5,412

Salaries & Benefits $90,831

Fundraising Expenses $8,046

Program Expenses $200,586

Other Expenses $163,194

TOTAL EXPENSES $259,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$739,411	$71,603	+9.3%
Expenses	$259,437	$39,120	+5.6%
Net Income	$479,974	$32,483	+13.8%

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

$84,376

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erika Smith	Executive Director	40.00	Director	$84,376	$0	$84,376
Jhawn Newman	Director	1.00	Director	$0	$0	$0
Greg Marshall	Secretary	1.00	Officer	$0	$0	$0
Michael Hostad	President	8.00	Officer	$0	$0	$0
Ian Abston	Vice President	3.00	Officer	$0	$0	$0
Lori Richards	Treasurer	1.00	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	No data	No data	No data	No data
2023	$739,411	$259,437	$513,647	$479,974