BRIGHT ENERGY INC (EIN 341851659) - 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

1997

Legal Domicile

Principal Officer

MICHAEL STRUCK

Phone

4199492906

Tax Period

2024-01-01 to 2024-12-31

BRIGHT ENERGY INC, founded in 1997, is a community nonprofit in the Mutual Benefit sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 7% surplus.

Mission

BRIGHT ENERGY, INC. PROVIDES RETAIL NATURAL GAS DISTRIBUTION SERVICES TO LIMITED AREAS IN NORTH CENTRAL OHIO.

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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 $2,114,937

Investment Income $14,825

Other Revenue $0

TOTAL REVENUE $2,129,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,986,078

TOTAL EXPENSES $1,986,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,129,762	$2,187,573	0.0%
Expenses	$1,986,078	$2,075,660	0.0%
Net Income	$143,684	$111,913	+0.3%

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

N/A

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

$35,607

Total Directors

$76,255

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STRUCK	CHAIRMAN	1.3	Officer Director	$0	$0	$19,566
MARY FULLER	SECRETARY	1.2	Officer Director	$0	$0	$16,041
DON BREECE	TRUSTEE	1.3	Director	$0	$0	$15,416
TIMOTHY G BACHELDER	TRUSTEE	1.4	Director	$0	$0	$14,316
KENT KRAMER	TRUSTEE	0.7	Director	$0	$0	$10,916

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	$2,129,762	$1,986,078	$5,723,754	$143,684
2023	$2,187,573	$2,075,660	$5,067,269	$111,913
2022	$2,903,535	$2,683,838	$5,038,966	$219,697
2021	$2,472,484	$2,413,232	$5,001,280	$59,252
2020	$1,544,386	$1,564,014	$5,022,835	$-19,628
2019	$1,655,371	$1,457,087	$5,216,844	$198,284
2018	$1,516,125	$1,496,710	$5,251,808	$19,415

BRIGHT ENERGY INC