K-Light 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

1994

Legal Domicile

Principal Officer

Mike Gaudette

Phone

5412692022

Tax Period

2025-01-01 to 2025-12-31

K-Light Inc, founded in 1994, is a small nonprofit that reported $239K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year.

Mission

To present the gospel of Jesus Christ through the broadcasting of Christian Music and Christian Teaching Programs to the people of the Southern Oregon Coast.

Program Service Accomplishments

Program 1

Expenses: $191,909

In 2025,the organization broadcast Christian music and Christian ministry and educational programs to a potential listening audience of approximately 100,000 people.

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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 $181,065

Program Service Revenue $32,200

Investment Income $5,854

Other Revenue $19,747

TOTAL REVENUE $238,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,113

Fundraising Expenses $0

Program Expenses $191,909

Other Expenses $91,295

TOTAL EXPENSES $243,408

Year-over-Year Comparison

	2025	2024	Change
Revenue	$238,866	$278,838	-0.1%
Expenses	$243,408	$212,822	+0.1%
Net Income	$-4,542	$66,016	-1.1%

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

Volunteers

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 Stevens	Station Manager	40.00		$74,094	$0	$74,094
Robert J Gorman	President	1.00	Officer Director	$0	$0	$0
Steven Greig	Director	1.00	Director	$0	$0	$0
Mike Gaudette	Vice-President	1.00	Officer Director	$0	$0	$0
Harry Abel	Secretary	1.00	Officer Director	$0	$0	$0
Joe Hatzel	Director	1.00	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	$238,866	$243,408	$368,708	$-4,542
2024	$278,838	$212,822	$352,563	$66,016
2023	$254,395	$201,598	$284,490	$52,797
2022	$242,322	$196,926	$298,297	$45,396
2021	$239,062	$190,514	$265,239	$48,548
2020	$202,095	$168,430	$276,875	$33,665