LIGHTHOUSE INITIATIVE 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

Bernice Leschinsky

Tax Period

2024-01-01 to 2024-12-31

LIGHTHOUSE INITIATIVE INC, founded in 2021, is a micro nonprofit in the Youth Development sector that reported $60K in total revenue in fiscal year 2024. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 96% operating margin.

Mission

The Student World Impact Film Festival (SWIFF) is a 501(c)(3) nonprofit that empowers young storytellers from underrepresented communities with an accessible platform to showcase their artwork. SWIFF has become one of the largest socially-driven art showcases globally, helping 12,156 artists in 149 countries.

Program Service Accomplishments

Program 1

Expenses: $2,437 Revenue: $0

The Student World Impact Film Festival (SWIFF) 501(c)(3) nonprofit hosts an annual fee-free film festival that streams the films of marginalized youth artists live to global audiences. These films...

The Student World Impact Film Festival (SWIFF) 501(c)(3) nonprofit hosts an annual fee-free film festival that streams the films of marginalized youth artists live to global audiences. These films have deeply moving messages, and each film provides a new, diverse perspective for attendees of the festival; this educates attendees and provides them with new insight and understanding of the beauties--but also struggles--that encompass the diverse cultures and races that define our society. Statistics: (1) 17,005 films showcased. (2) 12,156 youth filmmakers empowered with a platform. (3) Artists from 149 countries and all 6 inhabitable continents represented. (4) 456 reviews averaging 4.8 stars from participants. (5) 1 SWIFF student film internationally distributed to 100 million people on Amazon Prime Video via SWIFF's partnership with Amazon. (6) 402,848 learners viewed SWIFF's free educational articles (swiff.org).

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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 $60,241

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,437

Other Expenses $2,437

TOTAL EXPENSES $2,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,241	$20,665	+1.9%
Expenses	$2,437	$3,528	-0.3%
Net Income	$57,804	$17,137	+2.4%

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

N/A

Volunteers

100

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
BERNICE LESCHINSKY	PRESIDENT	10	Officer Director	$0	$0	$0
MARVIN BAUM	SECRETARY	2	Officer Director	$0	$0	$0
PAVEL GUREVICH	TREASURER	2	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	$60,241	$2,437	$78,669	$57,804