BRIGHT LIGHT FOUNDATION (EIN 050581787) - 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

2003

Legal Domicile

Principal Officer

MIKE MCEVILLY

Phone

8324421000

Tax Period

2021-01-01 to 2021-12-31

BRIGHT LIGHT FOUNDATION, founded in 2003, is a micro nonprofit that reported $26K in total revenue in fiscal year 2021. Revenue surged 650% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8K, a strong 32% operating margin.

Mission

ASSISTANCE WITH MEDICAL AND EDUCATION EXPENSES

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $25,858

TOTAL REVENUE $25,858

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,170

Other Expenses $3,520

TOTAL EXPENSES $17,520

Year-over-Year Comparison

	2021	2020	Change
Revenue	$25,858	$3,447	+6.5%
Expenses	$17,520	$5,024	+2.5%
Net Income	$8,338	$-1,577	-6.3%

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

N/A

Volunteers

N/A

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
GRETCHEN BYERTS	DIRECTOR	N/A	Director	$0	$0	$0
JUDE RICHARD	DIRECTOR	N/A	Director	$0	$0	$0
VERNA KOLARIK	TREASURER	N/A	Officer	$0	$0	$0
MIKE MCEVILLY	PRESIDENT	N/A	Officer	$0	$0	$0
DENNIS NIBLETT	VICE PRESIDE	N/A	Officer	$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
2021	$25,858	$17,520	$24,769	$8,338
2020	$3,447	$5,024	$16,431	$-1,577
2019	$95,067	$85,656	$18,008	$9,411
2018	$111,588	$117,892	$8,597	$-6,304

BRIGHT LIGHT FOUNDATION