LIGHTHOUSE CHRISTIAN ACADEMY

EIN: 873725015 501(c)(3) Education

GRAND RAPIDS, MN

Total Revenue
$692,882
Total Expenses
$590,549
Total Assets
$406,156
Net Assets
$406,156
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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
MN
Principal Officer
BRAD NELSON
Phone
2189990140
Tax Period
2024-07-01 to 2025-06-30

LIGHTHOUSE CHRISTIAN ACADEMY, founded in 2021, is a small nonprofit in the Education sector that reported $693K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $591K left a modest 15% surplus.

Mission

PROVIDE EDUCATION AND DEVELOPMENT VIA A FAITH BASED SCHOOL WORKING ALONGSIDE FAMILIES TO PROVIDE A STRONG EDUCATION THAT FOCUSES ON GODLY VALUES AND CONCEPTS WHICH ARE EMBEDDED IN THE CURRICULUM.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $176,276
Program Service Revenue $511,178
Investment Income $5,428
Other Revenue $0
TOTAL REVENUE $692,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $451,325
Fundraising Expenses $0
Program Expenses $552,041
Other Expenses $139,224
TOTAL EXPENSES $590,549

Year-over-Year Comparison

2024 2023 Change
Revenue $692,882 $622,586 +0.1%
Expenses $590,549 $441,588 +0.3%
Net Income $102,333 $180,998 -0.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
23
Volunteers
51

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
0
$0
Total Directors
5
$11,050
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD NELSON DIRECTOR CHA 2.00
Director
$0 $0 $0
CHARLES NELSON VICE CHAIR N/A
Director
$0 $0 $0
RUTH TATTER TREASURER 1.00
Director
$11,050 $0 $11,050
REBECCA SMITH SECRETARY N/A
Director
$0 $0 $0
ROB GROOMS DIRECTOR N/A
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
2025 $692,882 $590,549 $406,156 $102,333
2024 No data No data No data No data
2023 $340,371 $252,359 $122,825 $88,012
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