BRIGHTON MARINE 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

1981

Legal Domicile

Principal Officer

ROSYE B CLOUD

Phone

6172086232

Tax Period

2023-10-01 to 2024-09-30

BRIGHTON MARINE INC, founded in 1981, is a major nonprofit in the Health Care sector that reported $165.2M in total revenue in fiscal year 2023.

Mission

BRIGHTON MARINE, INC. PROVIDES MILITARY AND VETERAN FAMILIES WITH COMPREHENSIVE CAMPUS-BASED QUALITY HEALTH CARE, AS WELL AS AFFORDABLE AND SUPPORTIVE HOUSING FOR AT-RISK VETERANS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $160,529,965 Revenue: $8,121,260

BRIGHTON MARINE, INC. ENSURES THAT QUALIFYING MILITARY FAMILY MEMBERS AND RETIREES LIVING IN THE CATCHMENT AREA OF MASSACHUSETTS, RHODE ISLAND, NEW HAMPSHIRE, AND EASTERN CONNECTICUT RECEIVE QUALITY HEALTH CARE THROUGH THE U.S. FAMILY HEALTH PLAN (USFHP). IN ADDITION, THE ORGANIZATION MAINTAINS A SIX-BUILDING, 9-ACRE CAMPUS FOR COMMUNITY-BASED ORGANIZATIONS, SERVING VETERANS AND THEIR FAMILIES, AS WELL AS MEMBERS OF THE LOCAL COMMUNITY.

Program 2

Expenses: $51,412

THE HOMELESS VETERANS EMPOWERMENT FUND ASSISTS HOUSING INSECURE VETERANS BY FUNDING EXPENSES ASSOCIATED WITH OBTAINING PERMANENT HOUSING IN THE GREATER BOSTON AREA. BRIGHTON MARINE, INC. WORKS IN...

THE HOMELESS VETERANS EMPOWERMENT FUND ASSISTS HOUSING INSECURE VETERANS BY FUNDING EXPENSES ASSOCIATED WITH OBTAINING PERMANENT HOUSING IN THE GREATER BOSTON AREA. BRIGHTON MARINE, INC. WORKS IN PARTNERSHIP WITH THE BOSTON HOUSING AUTHORITY AND DEPARTMENT OF VETERANS AFFAIRS, TO FILL FUNDING GAPS ASSOCIATED WITH THE PLACEMENT OF HOMELESS VETERANS USING VETERANS AFFAIRS SUPPORTIVE HOUSING (VASH) CERTIFICATE SUBSIDIES.

Program 3

Expenses: $371,844 Revenue: $438,337

VETERANS HOUSING AT BRIGHTON MARINE PROVIDES 25 PERMANENT HOUSING UNITS TO FORMERLY HOMELESS VETERANS. WORKING IN COLLABORATION WITH THE DEPARTMENT OF VETERANS AFFAIRS, THE BOSTON HOUSING AUTHORITY, AND COMMUNITY PARTNERS, BRIGHTON MARINE, INC. PROVIDES COORDINATED AND WRAPAROUND SUPPORTIVE SERVICES DESIGNED TO STABILIZE AT-RISK VETERANS AND IMPROVE THEIR QUALITY OF LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $153,692,341

Program Service Revenue $8,440,730

Investment Income $2,968,181

Other Revenue $118,867

TOTAL REVENUE $165,220,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,021,699

Fundraising Expenses $0

Program Expenses $160,953,221

Other Expenses $167,299,192

TOTAL EXPENSES $170,320,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,220,119	$162,881,618	+0.0%
Expenses	$170,320,891	$161,232,271	+0.1%
Net Income	$-5,100,772	$1,649,347	-4.1%

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

$243,082

Total Directors

$10,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSYE CLOUD	CHAIRPERSON	40.00	Officer Director	$0	$0	$0
ROBERT C BALLARD	TREASURER	40.00	Officer Director	$0	$0	$0
DENNIS MAGNASCO JR	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNDSEY DAVIS STOVER	CORPORATE DIRECTOR	1.00	Director	$0	$0	$0
JACKIE GARRICK	CORPORATE DIRECTOR	1.00	Director	$0	$0	$0
KEISHA STEPHENSON TAYLOR	CORPORATE DIRECTOR	1.00	Director	$10,600	$0	$10,600
SUSAN NORWOOD	CORPORATE DIRECTOR	1.00	Director	$0	$0	$0
GEORGE COLE	CORPORATE DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA KAUFMAN	CEO	40.00	Officer	$236,650	$6,432	$243,082
ELIMERCY MARTINEZ	VP OF FINANCE	40.00	Highest	$167,880	$43,605	$211,485

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	$165,220,119	$170,320,891	$58,875,710	$-5,100,772
2023	$162,881,618	$161,232,271	$56,885,437	$1,649,347
2022	$164,899,913	$164,906,445	$51,635,310	$-6,532
2021	$165,629,292	$162,546,739	$56,983,993	$3,082,553
2020	$158,176,594	$156,918,138	$52,771,738	$1,258,456
2018	$148,635,217	$146,331,831	$39,863,180	$2,303,386