Loris' Light Inc

Nonprofit profile at a glance

EIN
844091388
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Lake Placid, FL, USA
Phone
8634412168
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Banks, Pantries

Reported finances

Revenue
$10,000
Expenses
$7,912
Assets
$2,359

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • HARRISON J PRICE (PRESIDENT)
  • TAYLOR M PRICE (VICE PRESIDENT)

People named in this filing

  • HARRISON J PRICE (PRESIDENT)
  • STEPHEN A GUELFF (TREASURER)
  • TAYLOR M PRICE (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote relief of the poor (food bank), and the advancement of education and science (cancer awareness)

What it reported doing in 2024

Promoted cancer awareness by providing informationalpresentations of cancer awareness at local charitableorganizations meetings and conferences.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 66% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 100
  • Sustainability: 48
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.1%; rating input score 79
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 20.9%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -172.4% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -165.4% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 158.8% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 79.1% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $8K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.