Point Arena Lighthouse Keepers Inc

EIN: 942841636 501(c)(3) Arts, Culture & Humanities

Point Arena, CA

Total Revenue
$877,242
Total Expenses
$728,406
Total Assets
$3,622,666
Net Assets
$3,227,849
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Principal Officer
Mark Hancock
Tax Period
2023-01-01 to 2023-12-31

Point Arena Lighthouse Keepers Inc, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $877K in total revenue in fiscal year 2023. The organization ran a surplus of $149K, a strong 17% operating margin.

Mission

To maintain in perpetuity the historic Point Arena Lighthouse Station, including the 23 coastal acres it encompasses, the 115 foot Lighthouse Tower, and the 1896 Fog Signal Building for the inspiration, education, and enjoyment of all generations to come.

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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 (2023)

Revenue Breakdown

Contributions & Grants $141,696
Program Service Revenue $270,375
Investment Income $27,673
Other Revenue $437,498
TOTAL REVENUE $877,242

Expense Breakdown

Grants Paid $0
Salaries & Benefits $436,622
Fundraising Expenses $0
Program Expenses $426,218
Other Expenses $291,784
TOTAL EXPENSES $728,406

Year-over-Year Comparison

2023 2022 Change
Revenue $877,242 $844,453 +0.0%
Expenses $728,406 $629,777 +0.2%
Net Income $148,836 $214,676 -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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
30
Volunteers
8

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
4
$121,646
Total Directors
7
$121,646
Key Employees
1
$121,646
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Hancock President 40.00
Officer Director Key Emp
$121,646 $0 $121,646
Samara Freeman Board Member 1.35
Director
$0 $0 $0
Glenn Funk Board Member 1.15
Director
$0 $0 $0
Nik Epanchin Board Member 1.35
Director
$0 $0 $0
Don McCormick Chairman of the Board 1.50
Officer Director
$0 $0 $0
Laura Franklin Vice President 1.15
Officer Director
$0 $0 $0
Paul Rowson Secretary 1.35
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 No data No data No data No data
2023 $877,242 $728,406 $3,622,666 $148,836
2022 $844,453 $629,777 $3,340,237 $214,676
2021 $831,054 $444,290 $3,130,245 $386,764
2020 $307,447 $241,840 $2,838,878 $65,607
2019 $415,872 $358,717 $2,550,153 $57,155
2018 $184,616 $196,601 $2,422,770 $-11,985
2017 $547,474 $474,068 $2,472,891 $73,406
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