BRIGHTPATH (EIN 204302468) - 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

2006

Legal Domicile

Principal Officer

Victor Manuel Calvo Cortes

Phone

8314761465

Tax Period

2024-07-01 to 2025-06-30

BRIGHTPATH, founded in 2006, is a small nonprofit in the Education sector that reported $719K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

Brightpath continues to provide support services and to individuals with intellectual differences and developmental disabilities through its' Community Care Licensed, Adult Day Activity Center located in Capitola, California.

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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 $0

Program Service Revenue $718,791

Investment Income $0

Other Revenue $0

TOTAL REVENUE $718,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $524,189

Fundraising Expenses $0

Program Expenses $730,050

Other Expenses $205,861

TOTAL EXPENSES $730,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,791	$883,623	-0.2%
Expenses	$730,050	$863,492	-0.2%
Net Income	$-11,259	$20,131	-1.6%

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

$99,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Victor Manuel Calvo-Cortes	President Board of Directors and Program Director	20.00	Officer	$52,313	$0	$52,313
Angela Cortes	Treasurer	20.00	Officer	$38,050	$0	$38,050
Michael Wood	Secretary and behavioral consultant	10	Officer	$9,000	$0	$9,000

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	$718,791	$730,050	$84,313	$-11,259
2024	$883,623	$863,492	$91,571	$20,131
2023	$613,512	$611,251	$58,240	$2,261
2022	$482,724	$482,434	$1,179	$290
2021	$410,654	$410,561	$889	$93

BRIGHTPATH