BRIGHT STAR FOUNDATION CORP (EIN 352541465) - 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

2015

Legal Domicile

Phone

9047289498

Tax Period

2024-01-01 to 2024-12-31

BRIGHT STAR FOUNDATION CORP, founded in 2015, is a small nonprofit in the Religion sector that reported $189K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $286K exceeded revenue, resulting in a 52% operating deficit.

Mission

TO PROVIDE TRANSITIONAL HOUSING FOR AT-RISK LGBTQ+ PERSONS.

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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 $150

Program Service Revenue $188,448

Investment Income $9

Other Revenue $0

TOTAL REVENUE $188,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,645

Fundraising Expenses $0

Program Expenses $273,813

Other Expenses $260,261

TOTAL EXPENSES $285,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,607	$248,345	-0.2%
Expenses	$285,906	$338,796	-0.2%
Net Income	$-97,299	$-90,451	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG VAN PELT	PRESIDENT	5.00	Officer Director	$0	$0	$0
PETER FLORSTEDT	TREASURER	5.00	Officer Director	$0	$0	$0
SOLEIL MCCANTS	SECRETARY	2.00	Officer Director	$0	$0	$0
DOUGLAS JONES	DIRECTOR	1.00	Director	$0	$0	$0
XAVIER FOSTER	DIRECTOR	N/A	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	$188,607	$285,906	$1,934,074	$-97,299
2023	$248,345	$338,796	$2,051,081	$-90,451
2022	$254,772	$380,062	$2,121,940	$-125,290
2021	$915,093	$252,789	$2,294,869	$662,304

BRIGHT STAR FOUNDATION CORP