BRIGHT BLESSINGS

EIN: 352324487 501(c)(3) Human Services

Matthews, NC

Total Revenue
$789,960
Total Expenses
$912,248
Total Assets
$303,393
Net Assets
$302,997
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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
NC
Principal Officer
Tisha Henderson
Phone
7048462329
Tax Period
2023-01-01 to 2023-12-31

BRIGHT BLESSINGS, founded in 2008, is a small nonprofit in the Human Services sector that reported $790K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $912K exceeded revenue, resulting in a 15% operating deficit.

Mission

To bring joy, care, comfort and hope to homeless and impoverished children by mobilizing community volunteers or all ages.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $789,960
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $789,960

Expense Breakdown

Grants Paid $0
Salaries & Benefits $274,718
Fundraising Expenses $42,417
Program Expenses $802,268
Other Expenses $637,530
TOTAL EXPENSES $912,248

Year-over-Year Comparison

2023 2022 Change
Revenue $789,960 $881,341 -0.1%
Expenses $912,248 $812,723 +0.1%
Net Income $-122,288 $68,618 -2.8%
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

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Governance

Voting Members
8
Independent Members
8
Employees
11
Volunteers
6632

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
3
$0
Total Directors
9
$74,786
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tisha Margraves Executive Director 37
Director Highest
$74,786 $0 $74,786
Brianna McRae Chairperson 0.20
Officer Director
$0 $0 $0
Tim Moreau Director 0.20
Officer Director
$0 $0 $0
Tacita Bost Director 0.20
Director
$0 $0 $0
Brad Edwards Director 0.20
Officer Director
$0 $0 $0
Katrina Hayes Director 0.20
Director
$0 $0 $0
Marty Parra Director 0.20
Director
$0 $0 $0
Kristen D Ellis Director 0.20
Director
$0 $0 $0
Lexi Narducci Director 0.20
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 No data No data No data No data
2023 $789,960 $912,248 $303,393 $-122,288
2022 $881,341 $812,723 $450,569 $68,618
2021 $731,789 $752,322 $207,070 $-20,533
2020 $697,472 $690,935 $174,868 $6,537
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