The Lighthouse for the Blind, Inc.

What it reported doing in 2024

See schedule o.the lighthouse for the blind, inc. Is a leading manufacturer in Washington state, with a facility in seattle and another in spokane. A third manufacturing facility is located in summerville, South Carolina. These facilities produce parts for the aerospace industry, equipment for the military, and products for the office setting. In addition, the organization operates eleven base supply centers on military properties in Washington, California, and Nevada. Contract management services are provided in California and Alabama.the lighthouse has nearly 402 employees across its 20 locations. Over half are visually impaired. Individuals with visual impairments, including those who are deafblind and blind with other disabilities, work at all levels of the organization, including production, operations management, information and technology, human resources, finance, and president and ceo. The lighthouse is a world-class manufacturer and service provider, placing emphasis on quality, customer service, delivery, and price. The lighthouse adheres to high standards, and is as9100 rev d accredited and iso 9001:2015 certified. The lighthouse dedicates significant resources to employee training, support, and accommodations, and proactively prepares people with visual impairments for career advancement opportunities.

Financial Efficiency

• Mission deployment rate: 92.9%; rating input score 93
• Program expense ratio: 87.9%; rating input score 88
• Fundraising efficiency: $81.76 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• 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; 77th 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: -6.6%; rating input score 11; 11th percentile among comparable filings
• Total-asset coverage ratio: 0.63; rating input score 24; 24th percentile among comparable filings
• Liabilities to assets ratio: 0.17; rating input score 73; 73rd percentile among comparable filings
• Officer compensation ratio: 2.4%; rating input score 49; 49th percentile among comparable filings

Growth

• Program expense growth: 3.6% per year; rating input score 100; 27th percentile among comparable filings
• Revenue growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
• Asset growth: 3.8% per year; rating input score 100; 26th percentile among comparable filings