CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
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.
THE FUNDS RAISED WILL BE DIVIDED AMONG THE FIFTEEN AFFILIATED CHRISTIAN SCHOOLS IT SERVES, IN THE CONFIDENCE THAT EACH LOCAL SCHOOL BOARD KNOWS BEST AS TO WHICH PRIORITIES TO ADDRESS. MOST OFTEN, THE...
THE FUNDS RAISED WILL BE DIVIDED AMONG THE FIFTEEN AFFILIATED CHRISTIAN SCHOOLS IT SERVES, IN THE CONFIDENCE THAT EACH LOCAL SCHOOL BOARD KNOWS BEST AS TO WHICH PRIORITIES TO ADDRESS. MOST OFTEN, THE HIGHEST PRIORITY IS PROVIDING TUITION ASSISTANCE TO FAMILIES IN NEED. OTHER PRIORITIES MAY INCLUDE EMERGENCY CAPITAL NEEDS OR PROFESSIONAL DEVELOPMENT FOR TEACHERS AND ADMINISTRATORS.
THE ORGANIZATION NOW INCLUDES NEW TO YOU UPSCALE RESALE. PROCEEDS WILL BE USED TO PROVIDE A PROFESSIONAL NETWORK FOR CHRISTIANS INVOLVED IN PRIVATE, PUBLIC, AND CHRISTIAN EDUCATION IN URBAN NORTH...
THE ORGANIZATION NOW INCLUDES NEW TO YOU UPSCALE RESALE. PROCEEDS WILL BE USED TO PROVIDE A PROFESSIONAL NETWORK FOR CHRISTIANS INVOLVED IN PRIVATE, PUBLIC, AND CHRISTIAN EDUCATION IN URBAN NORTH AMERICA.
THE ORGANIZATION IS A SCHOLARSHIP GRANTING ORGANIZATION UNDER THE ILLINOIS INVEST IN KIDS SCHOLARSHIP TAX CREDIT PROGRAM. THE ORGANIZATION RECEIVES CONTRIBUTIONS AND ISSUES SCHOLARSHIPS TO MEMBER...
THE ORGANIZATION IS A SCHOLARSHIP GRANTING ORGANIZATION UNDER THE ILLINOIS INVEST IN KIDS SCHOLARSHIP TAX CREDIT PROGRAM. THE ORGANIZATION RECEIVES CONTRIBUTIONS AND ISSUES SCHOLARSHIPS TO MEMBER SCHOOLS ON BEHALF OF ELIGIBLE STUDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare BRIGHT PROMISE with other nonprofits in Illinois and across the country.