Lighthouse of Pinellas Inc
Nonprofit profile at a glance
- EIN
- 237042938
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Largo, FL, USA
- Phone
- 7275444433
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,415,626
- Expenses
- $2,522,401
- Assets
- $18,981,666
- Liabilities
- $183,253
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- LINDA KAY O'REILLY (PRESIDENT AND CEO)
Highest reported compensation
- KIMBERLY CHURCH CPA MBA (CFO): $125,300 total reported compensation
- LINDA KAY O'REILLY (PRESIDENT AND CEO): $54,771 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
For 69 years, lighthouse of pinellas, inc. Has provided comprehensive rehabilitation services for individuals in pinellas county who are blind or visually impaired. (continued on schedule o) lighthouse of pinellas has been accredited since 1994, first by the national accreditation council for agencies servicing the blind and visually handicapped (nac) and currently by the association for education and rehabilitation of the blind and visually impaired (aer). Training is offered in our spacious centrally located facility, as well as in clients' homes, workplaces, and other locations throughout the community.
What it reported doing in 2024
Other programs include individual assistance: individual assistance is provided to people who need one-time support from our professional program staff. Assistance provided are things such as a home visit to replace or repair a broken white cane, applying braille touch labels to adapt appliances for someone who is visually impaired, or an intake interview for other community services when the individual is not eligible for lighthouse of pinellas services or may require collateral services from other agencies in the community in addition to lighthouse services. This fiscal year, 39 people received one-time individual assistance services from lighthouse of pinellas professional staff. Teen transition program: teenagers, 14 years of age through their high school graduation, are eligible to participate in this program. Services are offered once a week and two saturdays a month during the school year and for five full weeks during the summer. This program helps each young person learn to become self-sufficient and prepare for college, job placement, or vocational training. Field trips into the community and/or outside of pinellas county are offered at least once a month. Skills such as personal, financial, and home management; how to complete a job application; interview skills and use of adaptive computer technology are learned throughout the school year and summer program. The summer program also gives students the experience of visiting college campuses and technical schools and participating in a 4-week paid work experience in the community, to develop job skills and gain valuable employment experience. This fiscal year, 11 young people participated in the teen transition program and 18 children participated in the children's program for ages 6-14 years.
Operating model
- Revenue model
- Grant-funded. 61% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 74.1%; rating input score 74
- Fundraising efficiency: $9.1 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.4%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 7.53; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 18.1% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 82% of revenue deployed · 74.1% of spending went to programs
- Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $125K · 12 people listed
- Consistency: 34 of 34 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
- High — Sustainability: Operating margin scored 21/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.