LIGHTHOUSE FOR THE BLIND AND VISUA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

BRANDON COX

Phone

4154311481

Tax Period

2023-10-01 to 2024-09-30

LIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED, founded in 1958, is a mid-sized nonprofit in the Human Services sector that reported $54.8M in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.0M, a strong 16% operating margin.

Mission

TO PROMOTE INDEPENDENCE, COMMUNITY, AND EQUITY CREATED BY AND WITH BLIND AND LOW VISION PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $10,395,985 Revenue: $0

VISION REHABILITATION SERVICES:-BLINDNESS SKILLS PROVIDES INSTRUCTION TO PEOPLE WHO ARE NEW TO BLINDNESS OR LOW VISION TO HELP THEM LEARN TO USE A WHITE CANE FOR MOBILITY, READ BRAILLE, UTILIZE...

VISION REHABILITATION SERVICES:-BLINDNESS SKILLS PROVIDES INSTRUCTION TO PEOPLE WHO ARE NEW TO BLINDNESS OR LOW VISION TO HELP THEM LEARN TO USE A WHITE CANE FOR MOBILITY, READ BRAILLE, UTILIZE ACCESSIBLE TECHNOLOGY AND ACQUIRE ADAPTIVE METHODS FOR COOKING AND DAILY LIVING. -THE LIGHTHOUSE'S EMPLOYMENT IMMERSION PROGRAM IS OUR JOB TRAINING PROGRAM SPECIFICALLY DESIGNED FOR BLIND AND VISUALLY IMPAIRED JOBSEEKERS IN THE BAY AREA. OUR GRADUATES HAVE THE SKILLS TO FIND JOBS, STARTING THEM ON A PATH OF SELF-RELIANCE AND LIFE FULFILMENT.-ENCHANTED HILLS CAMP FOR THE BLIND IN NAPA IS ONE OF THE WEST'S ONLY CAMPS FOR BLIND, VISUALLY IMPAIRED, DEAF-BLIND AND MULTI-DISABLED YOUTH, ADULTS AND SENIORS. ENCHANTED HILLS CAMP IS A PLACE FOR BLIND CAMPERS TO EXPLORE AND CREATE, GAIN COURAGE, TRY NEW THINGS AND MAKE LIFELONG FRIENDS. -DEAF-BLIND SERVICES INCLUDE A COMMUNICATIONS EQUIPMENT AND TRAINING PROGRAM THAT IS OPEN TO DEAF-BLIND INDIVIDUALS THROUGHOUT THE STATE. IT ALSO HOSTS A SPECIAL ENCHANTED HILLS CAMP SESSION SPECIFICALLY FOR THE DEAF-BLIND.

Program 2

Expenses: $4,011,122 Revenue: $0

COMMUNITY & INFORMATION SERVICES:-COMMUNITY SERVICES OFFERS SOCIAL, HEALTH PROMOTION AND EDUCATIONAL CLASSES FOR THE BLIND. OPPORTUNITIES INCLUDE, YOGA, DANCE, A BOOK CLUB, AND MANY OTHER PROGRAMS...

COMMUNITY & INFORMATION SERVICES:-COMMUNITY SERVICES OFFERS SOCIAL, HEALTH PROMOTION AND EDUCATIONAL CLASSES FOR THE BLIND. OPPORTUNITIES INCLUDE, YOGA, DANCE, A BOOK CLUB, AND MANY OTHER PROGRAMS. CULTURAL, ARTISTIC AND FITNESS PROGRAMS BRING PEOPLE TOGETHER FOR SOCIAL ENGAGEMENT AND TO BUILD A COMMUNITY OF LOW VISION AND BLIND PEOPLE. -BLIND TEENS FIND A PLACE WHERE BLINDNESS IS NORMAL AT LIGHTHOUSE YOUTH PROGRAMS. ACTIVITIES INCLUDE ADVENTURES IN THE GREAT OUTDOORS, VOLUNTEER SERVICE AND MENTORSHIP OPPORTUNITIES. -A COUNSELING SERVICES PROGRAM FOR THE BLIND AND LOW VISION PROVIDES ONE-ON-ONE COUNSELING, PEER COUNSELING AND GROUP THERAPY SESSIONS.

Program 3

Expenses: $24,733,780 Revenue: $8,944,527

LIGHTHOUSE ENTERPRISES:-LIGHTHOUSE OPERATES ADAPTATIONS, A BRICK-AND-MORTAR STORE SELLING BLIND ADAPTIVE TECHNOLOGIES AND TOOLS, SUCH AS WHITE CANES, GUIDE DOG SUPPLIES, MAGNIFIERS, TALKING WATCHES AND OTHER ITEMS.-LIGHTHOUSE INDUSTRIES PROVIDES DIRECT EMPLOYMENT AT THE SIRKIN LIGHTHOUSE, OUR LIGHT MANUFACTURING PLANT IN ALAMEDA WHERE 75% OF ALL DIRECT LABOR IS PERFORMED BY BLIND OR VISUALLY IMPAIRED EMPLOYEES. -THE LIGHTHOUSE'S EMPLOYMENT IMMERSION PROGRAM IS OUR JOB TRAINING PROGRAM SPECIFICALLY DESIGNED FOR BLIND AND VISUALLY IMPAIRED JOBSEEKERS IN THE BAY AREA. OUR GRADUATES HAVE THE SKILLS TO FIND JOBS, STARTING THEM ON A PATH OF SELF-RELIANCE AND LIFE FULFILMENT. -THE MEDIA AND ACCESSIBLE DESIGN LABORATORY (MAD LAB) MAKES VISUAL INFORMATION ACCESSIBLE TO PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED. THE TRANSCRIPTION TEAM TAKES ORIGINAL COPY AND TRANSLATES IT INTO ACCESSIBLE FORMATS, INCLUDING BRAILLE, LARGE PRINT, AND AUDIO. AN EXPERIENCED TEAM OF BRAILLE CERTIFIED TACTILE IMAGE AND MAP DESIGNERS HELPS CORPORATE AND GOVERNMENTAL ENTITIES, EDUCATIONAL INSTITUTIONS, AND NONPROFITS IMPROVE THE ACCESSIBILITY AND INCLUSIVENESS OF THEIR VENUES AND SERVICES AS WELL AS COMPLY WITH ADA SIGNAGE STANDARDS AND STATE BUILDING CODES. -THE LIGHTHOUSE'S EMPLOYMENT IMMERSION PROGRAM IS A JOB TRAINING PROGRAM SPECIFICALLY DESIGNED FOR BLIND AND VISUALLY IMPAIRED JOBSEEKERS IN THE BAY AREA. OUR GRADUATES HAVE FOUND JOBS, STARTING THEM ON A PATH OF SELF-RELIANCE AND LIFE FULFILMENT.

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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 $10,498,470

Program Service Revenue $1,175,784

Investment Income $35,337,452

Other Revenue $7,769,160

TOTAL REVENUE $54,780,866

Expense Breakdown

Grants Paid $9,014

Salaries & Benefits $17,169,098

Fundraising Expenses $1,202,700

Program Expenses $39,140,887

Other Expenses $28,576,284

TOTAL EXPENSES $45,754,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,780,866	$22,119,317	+1.5%
Expenses	$45,754,396	$23,820,599	+0.9%
Net Income	$9,026,470	$-1,701,282	-6.3%

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

172

Volunteers

149

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

$1,141,195

Total Directors

Key Employees

$708,177

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNISON MARK ASUNCION	CHAIR	1.00	Officer Director	$0	$0	$0
JOHNNY K DADLANI	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHRYN WEBSTER	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH K CHAN	TREASURER	1.00	Officer Director	$0	$0	$0
CHANCEY FLEET	SECRETARY	1.00	Officer Director	$0	$0	$0
JANETTE BARRIOS	BOARD MEMBER	1.00	Director	$0	$0	$0
LEON BEZDIKIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET COHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC MAH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS YOON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON Z SACKS PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
IOLANDA ANTUNES	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM GRAVES	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB REGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC SHINN-KRANTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MINA SUN	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY BIALKOSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
YUE-TING SIU TVI PHD	BOARD MEMBER (THRU 6/30/24)	1.00	Director	$0	$0	$0
DR JULIUS OATTS	BOARD MEMBER (THRU 8/31/24)	1.00	Director	$0	$0	$0
MICHAEL NUNEZ ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER MCFADDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON L GIOVINAZZO	CEO/EXECUTIVE DIRECTOR	37.50	Officer	$295,983	$1,358	$297,341
WILLIAM BRANDON COX	CHIEF OPERATING OFFICER	37.50	Officer	$273,126	$18,832	$291,958
MICHELLE D KNAPIK	CHIEF FIN. OFFICER (THRU 9/20/24)	37.50	Officer	$243,390	$55,677	$299,067
MARITZA CALDERON	CHIEF OF STAFF	37.50	Officer	$119,592	$20,353	$139,945
BRYAN BASHIN	SP. ADV. TO LH BOD (THRU 11/15/23)	37.50	Officer	$112,884	$0	$112,884
SCOTT J BLANKS	VP, PROGRAMS (THRU 1/24/24)	37.50	Key Emp	$213,145	$24,939	$238,084
ROBERT P MOSELEY	VP, INFO SYSTEMS (THRU 7/22/24)	37.50	Key Emp	$192,966	$19,042	$212,008
LISA L LEE	VP, PEOPLE AND CULTURE	37.50	Key Emp	$225,214	$32,871	$258,085
IRIS A FENG	DIRECTOR OF FINANCE	37.50	Highest	$179,699	$32,469	$212,168
ALFRED C AHLM	SR. DIRECTOR, PRODUCTS	37.50	Highest	$177,677	$31,568	$209,245
ANTHONY L FLETCHER	SENIOR DIRECTOR, EHC	37.50	Highest	$140,597	$34,341	$174,938
SUMMER LYNN DITTMER	SR DIR., CAMPAIGN & MARKETING/COM	37.50	Highest	$137,260	$12,173	$149,433
SPENCER G MYERS	SR DR OF SIRKIN CENTER OPER	37.50	Highest	$140,493	$100,382	$240,875

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	No data	No data	No data	No data
2024	$54,780,866	$45,754,396	$180,823,930	$9,026,470
2023	$22,119,317	$23,820,599	$215,347,836	$-1,701,282
2022	$18,355,594	$18,521,380	$211,581,995	$-165,786
2021	$23,057,296	$15,504,619	$222,651,158	$7,552,677
2020	$11,858,626	$14,082,264	$193,451,736	$-2,223,638
2019	$18,170,031	$14,285,029	$185,088,957	$3,885,002
2018	$17,682,175	$13,716,357	$188,474,444	$3,965,818

LIGHTHOUSE FOR THE BLIND AND VISUALLY IMPAIRED