BRIGHT FUTURES FOUNDATION (EIN 260353490) - 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

Lawrence R Beebe

Phone

3019283575

Tax Period

2025-01-01 to 2025-12-31

BRIGHT FUTURES FOUNDATION, founded in 2004, is a small nonprofit in the Education sector that reported $444K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 21% operating margin.

Mission

Bright Futures provides scholarship funds for employees of Vi and their dependents at The Glen who wish to take educational or vocational courses beyond high school while still employed at the Vi. Funds are usually paid directly to school attended. In 2024, 58 employees and their dependents were awarded grants covering tuition, fees and books.

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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 (2025)

Revenue Breakdown

Contributions & Grants $426,447

Program Service Revenue $0

Investment Income $17,474

Other Revenue $0

TOTAL REVENUE $443,921

Expense Breakdown

Grants Paid $346,388

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $346,388

Other Expenses $5,722

TOTAL EXPENSES $352,110

Year-over-Year Comparison

	2025	2024	Change
Revenue	$443,921	$316,009	+0.4%
Expenses	$352,110	$337,077	+0.0%
Net Income	$91,811	$-21,068	-5.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gil Haggart	President & Director	1	Officer Director	$0	$0	$0
Ed Williams	Vice President & Director	1	Officer Director	$0	$0	$0
William McNally	Director	1	Director	$0	$0	$0
Marila Beatty	Director	1	Director	$0	$0	$0
Joy Connors	Director	2	Director	$0	$0	$0
Nancy Nagel	Director	1	Director	$0	$0	$0
Larry Beebe	Treasurer & Director	5	Officer Director	$0	$0	$0
Kay Mabie	Director	1	Director	$0	$0	$0
Diane Stumpf	Secretary & Director	2	Officer 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
2025	$443,921	$352,110	$800,335	$91,811
2024	No data	No data	No data	No data
2023	$141,949	$226,243	$603,022	$-84,294
2022	$128,760	$70,175	$650,285	$58,585
2021	$267,632	$82,627	$624,340	$185,005

BRIGHT FUTURES FOUNDATION