BRIGHT COMMUNITY TRUST INC (EIN 262352365) - 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

2008

Legal Domicile

Principal Officer

FRANCIS WELLS

Phone

7274748441

Tax Period

2024-01-01 to 2024-12-31

BRIGHT COMMUNITY TRUST INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $635K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $597K left a modest 6% surplus.

Mission

UTILIZE LAND TRUSTS AS A VEHICLE TO FACILITATE THE OWNERSHIP AND DEVELOPMENT OF AFFORDABLE HOUSING.

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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 $498,524

Program Service Revenue $250,596

Investment Income $29,410

Other Revenue $-143,360

TOTAL REVENUE $635,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $482,102

Fundraising Expenses $0

Program Expenses $492,771

Other Expenses $114,416

TOTAL EXPENSES $596,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$635,170	$2,078,755	-0.7%
Expenses	$596,518	$1,169,719	-0.5%
Net Income	$38,652	$909,036	-1.0%

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

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

$285,571

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS SHELLY	CHAIRMAN	3.00	Director	$0	$0	$0
DR ROBERT ARNOLD	SECRETARY	2.00	Director	$0	$0	$0
CLIVE KOFI HUNT	AT-LARGE	1.00	Director	$0	$0	$0
JULIE LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE PELHAMN	DIRECTOR	1.00	Director	$0	$0	$0
SHANIQUA ROSE	DIRECTOR	1.00	Director	$0	$0	$0
IRVIN SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS WELLS	CEO/PRESIDENT	40.00	Officer	$138,239	$18,797	$157,036
RENEE WELCH	CFO	40.00	Officer	$108,493	$20,042	$128,535

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	No data	No data	No data	No data
2024	$635,170	$596,518	$15,554,573	$38,652
2023	$2,078,755	$1,169,719	$14,886,531	$909,036
2022	$1,307,420	$1,700,150	$16,706,810	$-392,730
2021	$2,241,118	$1,192,616	$17,021,807	$1,048,502
2020	$1,281,633	$1,452,723	$16,614,843	$-171,090
2019	$1,223,598	$2,386,236	$16,422,065	$-1,162,638
2018	$853,583	$1,159,757	$17,688,680	$-306,174

BRIGHT COMMUNITY TRUST INC