K-Light Inc (EIN 943091130) - Form 990 Financial Analysis & Trantor Score

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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

Robert J Gorman

Phone

5412692022

Tax Period

2024-01-01 to 2024-12-31

K-Light Inc, founded in 1994, is a small nonprofit that reported $279K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $66K, a strong 24% operating margin.

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.

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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 $220,766

Program Service Revenue $33,664

Investment Income $3,413

Other Revenue $20,995

TOTAL REVENUE $278,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,301

Fundraising Expenses $0

Program Expenses $168,784

Other Expenses $91,521

TOTAL EXPENSES $212,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,838	$254,395	+0.1%
Expenses	$212,822	$201,598	+0.1%
Net Income	$66,016	$52,797	+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

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		$71,017	$0	$71,017
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
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

K-Light Inc