LIGHTHOUSE ENVIRONMENTAL PROGRAMS

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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

1994

Legal Domicile

Principal Officer

RICK BLANK

Phone

3606781186

Tax Period

2025-01-01 to 2025-12-31

LIGHTHOUSE ENVIRONMENTAL PROGRAMS, founded in 1994, is a small nonprofit in the Environment sector that reported $104K in total revenue in fiscal year 2025. Expenses of $95K left a modest 8% surplus.

Mission

The education of the general public about Island County's cultural and environmental heritage as well as the protection of the environment.For program services related to Sound Water Stewards, Other Washington Lighthouses, Other Island County environmental organizations, and Washington State Parks, please see Schedule O.

Program Service Accomplishments

Program 1

Expenses: $92,736

LIGHTHOUSE LICENSE PLATE PROJECTIncome for this program comes from the State of Washington special license plate program. Grants from this program are made to:1) Sound Water Stewards, which is an...

LIGHTHOUSE LICENSE PLATE PROJECTIncome for this program comes from the State of Washington special license plate program. Grants from this program are made to:1) Sound Water Stewards, which is an independent 501(c)(3) organization of trained volunteers working in and around Island County for a healthy sustainable Puget Sound environment through education, community outreach, stewardship,and citizen resource. 2) Other Washington lighthouses which are also 501(c)(3) and are operated by volunteers to fund repairs and improvements to make their facilities more available to the public.3) Other Island County environmental organizations to help fund their work to educate and benefit the environment.4) Washington State Parks, in order to support Fort Casey State Park programs.

Program 2

WSU Waste Wise, Admiralty Head Docents and Admiralty Head KeepersWSU Island County Waste Wise educates county residents about waste reduction.Admiralty Head Docents provide interpretive services on behalf of Washington State Parks at Admiralty Head Lighthouse and provides volunteers to staff the gift shop at Admiralty Head Lighthouse.Keepers of Admiralty Head provide a membership mechanism that raise funds to support the interpretive and restoration work at Admiralty Head Lighthouse on behalf of LEP.

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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 (2025)

Revenue Breakdown

Contributions & Grants $87,643

Program Service Revenue $0

Investment Income $16,665

Other Revenue $-603

TOTAL REVENUE $103,705

Expense Breakdown

Grants Paid $76,473

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,736

Other Expenses $18,767

TOTAL EXPENSES $95,240

Year-over-Year Comparison

	2025	2024	Change
Revenue	$103,705	$107,874	0.0%
Expenses	$95,240	$95,536	0.0%
Net Income	$8,465	$12,338	-0.3%

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

Employees

N/A

Volunteers

178

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
RICK BLANK	President	2.00	Officer Director	$0	$0	$0
SCOTT GALBREAITH	Secretary	2.00	Officer Director	$0	$0	$0
John Welsch	Treasurer	2.00	Officer Director	$0	$0	$0
ELLEN DICKEY	Vice President	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
2025	$103,705	$95,240	$528,328	$8,465
2024	$107,874	$95,536	$513,186	$12,338
2023	$106,039	$75,994	$492,939	$30,045
2022	$100,656	$139,300	$454,605	$-38,644
2021	$103,442	$82,522	$490,603	$20,920
2020	$96,657	$123,644	$463,909	$-26,987
2019	$137,790	$118,716	$497,638	$19,074
2018	$144,245	$124,416	$460,573	$19,829