BRIGHT FUTURES (EIN 202169766) - 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

2004

Legal Domicile

Principal Officer

MATTHEW BAYMA

Phone

9707285613

Tax Period

2024-07-01 to 2025-06-30

BRIGHT FUTURES, founded in 2004, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2024.

Mission

BRIGHT FUTURES PROVIDES RESOURCES TO IMPROVE THE LIVES OF CHILDREN AND FAMILIES. BRIGHT FUTURES WORKS TO INCREASE THE QUALITY, ACCESSIBILITY, AND AVAILABILITY OF EARLY CARE AND EDUCATION IN SAN MIGUEL, OURAY, MONTROSE, DELTA, AND SAN JUAN COUNTIES.

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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 $2,569,587

Program Service Revenue $1,787

Investment Income $20,875

Other Revenue $0

TOTAL REVENUE $2,592,249

Expense Breakdown

Grants Paid $936,574

Salaries & Benefits $1,037,970

Fundraising Expenses $147,615

Program Expenses $2,360,340

Other Expenses $649,228

TOTAL EXPENSES $2,623,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,592,249	$2,665,718	0.0%
Expenses	$2,623,772	$2,465,921	+0.1%
Net Income	$-31,523	$199,797	-1.2%

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

$187,043

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN ALTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW BAYMA	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ALISON WRIGHT	BOARD TREASURER & SECRETARY	1.00	Officer Director	$0	$0	$0
GLORIA CHAVIRA	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER YOUNG	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHLEEN MERRITT	EXECUTIVE DIRECTOR	40.00	Officer	$156,382	$30,661	$187,043

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
2025	$2,592,249	$2,623,772	$1,367,122	$-31,523
2024	$2,665,718	$2,465,921	$1,289,151	$199,797
2023	$2,535,134	$2,362,053	$1,290,369	$173,081
2022	$1,938,155	$1,927,869	$880,786	$10,286
2021	$1,802,520	$1,943,876	$886,419	$-141,356
2020	$1,265,803	$1,581,421	$943,089	$-315,618

BRIGHT FUTURES