BRIDGEPORT ESTATES INC (EIN 341978097) - 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

2003

Legal Domicile

Principal Officer

MICHAEL G SWAN

Phone

8175237555

Tax Period

2024-01-01 to 2024-12-31

BRIDGEPORT ESTATES INC, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $63K in total revenue in fiscal year 2024. Expenses of $90K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO RESIDENTS OF WISE COUNTY, TEXAS.

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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 $62,519

Investment Income $55

Other Revenue $0

TOTAL REVENUE $62,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,571

Fundraising Expenses $0

Program Expenses $60,547

Other Expenses $78,159

TOTAL EXPENSES $89,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,574	$61,123	+0.0%
Expenses	$89,730	$78,582	+0.1%
Net Income	$-27,156	$-17,459	+0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET MOTTRAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
VELMA JEAN FORD	VICE PRESIDENT	1.00	Director	$0	$0	$0
GENEALL GRAY	DIRECTOR	1.00	Director	$0	$0	$0
CANDY HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHY ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL G SWAN	EXECUTIVE DIRECTOR	10.00	Officer	$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	$62,574	$89,730	$545,688	$-27,156
2023	$61,123	$78,582	$571,254	$-17,459
2022	$62,370	$64,493	$587,361	$-2,123
2021	$21,154	$12,631	$587,044	$8,523
2020	$16,423	$12,572	$580,100	$3,851
2019	$20,868	$16,129	$574,652	$4,739
2018	$22,306	$16,536	$568,150	$5,770

BRIDGEPORT ESTATES INC