BRIGHT SIDE OPPORTUNITIES CORPORATI (EIN 233062048) - 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

WILLONDA MCCLOUD

Phone

7175091342

Tax Period

2024-01-01 to 2024-12-31

BRIGHT SIDE OPPORTUNITIES CORPORATI, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $872K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $997K exceeded revenue, resulting in a 14% operating deficit.

Mission

WE PROVIDE OPPORTUNITIES DEDICATED TO INDIVIDUAL ACHIEVEMENT AND TO STRENGTHENING THE COMMUNITY THROUGH COLLABORATION AND PROGRAMS THAT ARE EDUCATIONAL AND INCLUSIVE WITH A CONCENTRATION ON STEM EDUCATION AND SENIOR HEALTH AND WELLNESS.

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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 $414,758

Program Service Revenue $361,038

Investment Income $2,251

Other Revenue $93,794

TOTAL REVENUE $871,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $482,433

Fundraising Expenses $26,568

Program Expenses $737,899

Other Expenses $514,091

TOTAL EXPENSES $996,524

Year-over-Year Comparison

	2024	2023	Change
Revenue	$871,841	$1,376,771	-0.4%
Expenses	$996,524	$926,818	+0.1%
Net Income	$-124,683	$449,953	-1.3%

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

300

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

$116,708

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLONDA MCCLOUD	PRESIDENT &	40.00	Officer	$116,708	$0	$116,708
FRANCINE HARLEY	CHAIR PERSON	2.00	Officer Director	$0	$0	$0
GREG ADAMS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DR DEBORAH DAVIS	SECRETARY	2.00	Officer Director	$0	$0	$0
FRED WALLER	TREASURER	2.00	Officer Director	$0	$0	$0
PETRONA LAPORTE	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
ENELLY BETANCOURT	BOARD MEMBER	1.00	Director	$0	$0	$0
SALENA COACHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE PERRY-CROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA DIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY FLETCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA GRAYBER	BOARD MEMBER	1.00	Director	$0	$0	$0
GRETCHEL HATHAWAY PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT HOLLISTER PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY KELLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
REV JOHN A KNIGHT PASTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
TOWAHNA RHIM PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
STAN SAUNDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET SIMMS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSIN THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN WORMLEY	BOARD MEMBER	1.00	Director	$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	$871,841	$996,524	$3,178,136	$-124,683
2023	$1,376,771	$926,818	$3,372,226	$449,953
2022	$807,744	$716,876	$2,959,023	$90,868
2021	$552,684	$567,473	$2,505,716	$-14,789
2020	$550,881	$531,503	$2,506,251	$19,378
2019	$378,655	$522,104	$2,436,167	$-143,449
2018	$335,078	$536,385	$2,610,262	$-201,307

BRIGHT SIDE OPPORTUNITIES CORPORATI