BRIGHT FUTURES

EIN: 202169766 501(c)(3) Human Services

TELLURIDE, CO

Total Revenue
$2,592,249
Total Expenses
$2,623,772
Total Assets
$1,367,122
Net Assets
$1,074,075
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CO
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 FOR EARLY CARE AND EDUCATION IN SAN MIGUEL, OURAY, MONTROSE, DELTA AND SAN JUAN COUNTIES. BRIGHT FUTURES OFFERS ALIGNED, COLLABORATIVE AND INTEGRATED SERVICES ACROSS KEY SYSTEMS OF FAMILY SUPPORT AND EARLY CHILDHOOD CARE AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $2,360,340 Revenue: $1,787

BRIGHT FUTURES IS DEDICATED TO IMPROVING THE LIVES OF CHILDREN AND FAMILIES IN WESTERN COLORADO THROUGH INTEGRATED SERVICES IN EARLY CHILDHOOD CARE, EDUCATION, AND FAMILY SUPPORT. OPERATING AS AN...

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BRIGHT FUTURES IS DEDICATED TO IMPROVING THE LIVES OF CHILDREN AND FAMILIES IN WESTERN COLORADO THROUGH INTEGRATED SERVICES IN EARLY CHILDHOOD CARE, EDUCATION, AND FAMILY SUPPORT. OPERATING AS AN EARLY CHILDHOOD COUNCIL, FAMILY RESOURCE CENTER, AND THE LOCAL COORDINATING ORGANIZATION (LCO) FOR UNIVERSAL PRESCHOOL (UPK), THE ORGANIZATION SERVES DELTA, MONTROSE, OURAY, SAN MIGUEL, AND SAN JUAN COUNTIES.KEY ACCOMPLISHMENTS IN THE PAST FISCAL YEAR:1) EARLY CHILDHOOD QUALITY & WORKFORCE DEVELOPMENT: 80% OF LICENSED CHILDCARE PROVIDERS ENGAGED IN QUALITY IMPROVEMENT THROUGH COLORADO SHINES. 93 EARLY CHILDHOOD TEACHERS RECEIVED PYRAMID COACHING, POSITIVELY IMPACTING 1,337 CHILDREN. THE ORGANIZATION PROVIDED 69 PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR EARLY EDUCATORS.2) FAMILY SUPPORT SERVICES: TAILORED PROGRAMS STRENGTHENED FAMILIES AND IMPROVED OUTCOMES FOR VULNERABLE CHILDREN (BIRTH-18). THROUGH PARENTS AS TEACHERS (PAT), 364 HOME VISITS WERE CONDUCTED, AND 243 PARENTS ATTENDED WORKSHOPS. THE INTEGRATED SUPPORT SERVICES TEAM SERVED 39 CHILDREN WITH A HOLISTIC, CHILD-CENTERED APPROACH. $37,589 WAS DISTRIBUTED TO 8 FAMILIES THROUGH A "FLEX FUNDING" PROGRAM TO OFFER BASIC NEEDS SUCH AS HOUSING, FOOD, OR TRANSPORTATION.3) SAN MIGUEL COUNTY EARLY CHILDHOOD SUPPORT: UNDER THE STRONG START PROGRAM, BRIGHT FUTURES ADMINISTERED QUALITY IMPROVEMENT/CAPACITY-BUILDING GRANTS, TEACHER RECOGNITION AWARDS, AND CHILDCARE FINANCIAL ASSISTANCE. A TOTAL OF $733,785 IN GRANTS AND FINANCIAL ASSISTANCE WAS AWARDED. 4) UNIVERSAL PRESCHOOL IMPLEMENTATION: AS THE STATE-APPOINTED LCO, THE ORGANIZATION SUPPORTED FAMILIES, SCHOOL DISTRICTS, AND EARLY CHILDHOOD PROVIDERS IN FIVE COUNTIES TO ENSURE UPK ACCESS. 5) EARLY CHILDHOOD INFRASTRUCTURE & EXPANSION: PARTNERING WITH RURAL HOMES EARLY CHILDHOOD INITIATIVE, THE ORGANIZATION SUPPORTS HOMEOWNERSHIP PATHWAYS FOR FAMILY CHILD CARE PROVIDERS IN OURAY COUNTY. TEMPORARY STATE STIMULUS FUNDING ENABLED INITIATIVES SUCH AS FAMILY CHILD CARE HOME NAVIGATION, AND EXPANDED QUALITY IMPROVEMENT GRANTS. 6) AMERICORPS EARLY CHILDHOOD PILOT PROGRAM: RECRUITED 7 AMERICORPS MEMBERS AT 4 CHILDCARE SITES IN TELLURIDE, MONTROSE, DELTA, AND GUNNISON. 5 MEMBERS WERE RECRUITED LAST FISCAL YEAR, AND 1 GRADUATED FROM THE PROGRAM.BRIGHT FUTURES CONTINUES TO ADDRESS THE REGION'S CHILDCARE GAPS, ENHANCE FAMILY RESILIENCE, AND IMPROVE ACCESS TO HIGH-QUALITY EARLY LEARNING, ENSURING LONG-TERM BENEFITS FOR CHILDREN AND COMMUNITIES.

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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%)

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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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Governance

Voting Members
5
Independent Members
5
Employees
37
Volunteers
5

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
4
$187,043
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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