BRIDGE OF PROMISE

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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

2006

Legal Domicile

Principal Officer

PHIL BUSSEY

Phone

4253334179

Tax Period

2023-01-01 to 2023-12-31

BRIDGE OF PROMISE, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $343K, a strong 26% operating margin.

Mission

THE ORGANIZATION ENRICHES THE LIVES OF TEENS AND ADULTS WITH DEVELOPMENTAL DISABILITIES BY OFFERING COMMUNITY-BASED DAY PROGRAMS FOR ADULTS AND BY PROVIDING ENGAGING EVENTS AND OPPORTUNITIES THROUGHOUT THE YEAR FOR ALL AGES OF PEOPLE WITH DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $892,270 Revenue: $606,989

THE ORGANIZATION HAS MULTIPLE LOCATIONS THAT OFFER COMMUNITY-BASED DAY PROGRAMS WHICH PROVIDES TEENS AND ADULTS WITH DEVELOPMENTAL DISABILITIES SPECIALIZED HELP AND STRUCTURE. THE PROGRAM HAS HIRED TRAINED STAFF AND MAINTAINS A MEMBER TO STAFF RATIO OF 2:1. THE PROGRAM HAS ALSO CULTIVATED PARTNERSHIPS WITHIN THE COMMUNITY AND CONTRINUES TO TLIZE DONATIED BUSES FROM KING COUNTY METRO TO PROVIDE TRANSPORTATION FOR THE MEMBERS.

Program 2

THE ORGANIZATION HOSTS MULTIPLE EVENTS AND CAMPS THROUGHOUT THE YEAR FOR THE MEMBERS. THE EVENTS PROVIDE GREAT OPPORTUNITIES FOR THE ADULT COMMUNITY MEMBERS WITH DEVELOPMENTAL DISABILITIES TO HAVE A PART IN EITHER BEING A PARTICIPANT OR A VOLUNTEER. ALL EVENTS AND ACTIVITIES ARE MODIFIED AND EQUIPPED TO ALLOW FULL PARTICIPATION REGARDLESS OF DISABILITY.

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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 $686,156

Program Service Revenue $606,989

Investment Income $23,945

Other Revenue $25,155

TOTAL REVENUE $1,342,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $801,290

Fundraising Expenses $23,648

Program Expenses $892,270

Other Expenses $195,452

TOTAL EXPENSES $999,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,342,245	$1,084,959	+0.2%
Expenses	$999,492	$768,072	+0.3%
Net Income	$342,753	$316,887	+0.1%

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

150

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

$110,577

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL BUSSEY	PRESIDENT	6.00	Officer Director	$0	$0	$0
MARCIA MARTIN	SECRETARY	6.00	Officer Director	$0	$0	$0
LEIGH JOHNSON	TREASURER	6.00	Officer Director	$0	$0	$0
CHRISTINE SEARING	BOARD MEMBER	6.00	Director	$0	$0	$0
MEGAN GEE	BOARD MEMBER	6.00	Director	$0	$0	$0
JODI RICHEY	EXECUTIVE DI	40.00	Officer	$99,260	$11,317	$110,577

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	No data	No data	No data	No data
2023	$1,342,245	$999,492	$1,041,878	$342,753
2022	$1,084,959	$768,072	$701,304	$316,887
2021	$851,560	$563,346	$476,323	$288,214
2020	$507,296	$540,676	$186,046	$-33,380
2020	$461,494	$494,889	$186,046	$-33,395
2020	$461,494	$494,888	$186,047	$-33,394
2019	$706,767	$650,594	$127,346	$56,173
2018	$544,301	$550,041	$71,100	$-5,740