BRIGHTMOOR ALLIANCE INC (EIN 061744841) - 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

2000

Legal Domicile

Principal Officer

LARRY SIMMONS

Phone

3137666041

Tax Period

2024-01-01 to 2024-12-31

BRIGHTMOOR ALLIANCE INC, founded in 2000, is a small nonprofit in the Human Services sector that reported $249K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $598K exceeded revenue, resulting in a 140% operating deficit.

Mission

TO SUPPORT THE WORK OF COMMUNITY ORGANIZATIONS ENGAGED IN COMBATING DETERIORATION OF THE BRIGHTMOOR COMMUNITY IN DETROIT AND TO COLLABORATE WITH OTHER ORGANIZATIONS PROVIDING JOB TRAINING, EDUCATION, AND HOUSING OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED YOUTH AND RESIDENTS OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $219,592

Program Service Revenue $18,428

Investment Income $11,476

Other Revenue $0

TOTAL REVENUE $249,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,420

Fundraising Expenses $0

Program Expenses $483,081

Other Expenses $239,866

TOTAL EXPENSES $598,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,496	$1,149,699	-0.8%
Expenses	$598,286	$642,697	-0.1%
Net Income	$-348,790	$507,002	-1.7%

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

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
MIKE COLLINS	TREASURER	N/A	Officer Director	$0	$0	$0
LAMAR CURRY	BOARD MEMBER	N/A	Director	$0	$0	$0
CYNTHIA J DORMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
GIVENDOLYN SHIVERS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
LARRY SIMMONS	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
JOHN GEORGE	PRESIDENT	N/A	Officer	$0	$0	$0
ERNESTINE SOLOMON	FINANCE DIRE	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
2024	$249,496	$598,286	$1,379,753	$-348,790
2023	$1,149,699	$642,697	$1,748,584	$507,002
2022	$699,081	$451,569	$1,215,566	$247,512
2021	$368,002	$519,526	$843,015	$-151,524
2020	$482,369	$517,055	$1,009,547	$-34,686
2019	$264,341	$440,469	$1,006,638	$-176,128
2018	$636,729	$346,083	$1,067,166	$290,646
2017	$434,018	$284,597	$775,363	$149,421

BRIGHTMOOR ALLIANCE INC