BRIGHT PROMISE (EIN 363634360) - 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

1988

Legal Domicile

Principal Officer

STEVE BLOM

Phone

7083210403

Tax Period

2023-07-01 to 2024-06-30

BRIGHT PROMISE, founded in 1988, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $322K, a strong 31% operating margin.

Mission

TO STRENGTHEN AND SUSTAIN PARTNER CHRISTIAN SCHOOLS BY GENERATING NEW SOURCES OF REVENUE SO THAT MORE FAMILIES MAY EXPERIENCE THE BENEFIT FROM URBAN CHRISTIAN EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $221,857

Program Service Revenue $740,597

Investment Income $72,934

Other Revenue $0

TOTAL REVENUE $1,035,388

Expense Breakdown

Grants Paid $250,500

Salaries & Benefits $185,205

Fundraising Expenses $130,642

Program Expenses $522,942

Other Expenses $277,605

TOTAL EXPENSES $713,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,035,388	$1,362,302	-0.2%
Expenses	$713,310	$688,529	+0.0%
Net Income	$322,078	$673,773	-0.5%

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

$86,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BLOM	EXECUTIVE DI	40.00	Officer	$86,911	$0	$86,911
RYNE DEBOER	DIRECTOR	3.00	Director	$0	$0	$0
KEN ERFFMEYER	DIRECTOR	3.00	Director	$0	$0	$0
LOU FAN	DIRECTOR	3.00	Director	$0	$0	$0
AMY GROENEWOLD	DIRECTOR	3.00	Director	$0	$0	$0
CLARENCE MEDEMA	DIRECTOR	3.00	Director	$0	$0	$0
ANNE VANDERWEELE	SECRETARY	3.00	Officer Director	$0	$0	$0
CHRIS WIESEHAN	PRESIDENT/TR	3.00	Officer Director	$0	$0	$0
TED WILLIAMS	DIRECTOR	3.00	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
2025	No data	No data	No data	No data
2024	$1,035,388	$713,310	$3,158,540	$322,078
2023	$1,362,302	$688,529	$3,573,984	$673,773
2022	$648,865	$515,041	$3,107,412	$133,824
2021	$365,105	$418,774	$2,070,023	$-53,669
2020	$282,099	$393,861	$1,799,048	$-111,762
2019	$234,469	$359,737	$1,954,072	$-125,268
2018	$337,894	$447,237	$2,003,221	$-109,343

BRIGHT PROMISE