BRIDGEFORT INC

EIN: 382866848 501(c)(3) Mental Health

DETROIT, MI

Total Revenue
$1,288,415
Total Expenses
$1,259,387
Total Assets
$1,462,503
Net Assets
$1,402,302
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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
1985
Legal Domicile
MI
Principal Officer
THERESA BROWN
Tax Period
2023-10-01 to 2024-09-30

BRIDGEFORT INC, founded in 1985, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

ADULT FOSTER CARE SERVICES

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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 $0
Program Service Revenue $1,288,415
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,288,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,067,631
Fundraising Expenses $0
Program Expenses $413,892
Other Expenses $191,756
TOTAL EXPENSES $1,259,387

Year-over-Year Comparison

2023 2022 Change
Revenue $1,288,415 $1,377,000 -0.1%
Expenses $1,259,387 $1,041,930 +0.2%
Net Income $29,028 $335,070 -0.9%
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
1
Independent Members
1
Employees
12
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
1
$326,900
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THERESA BROWN DIRECTOR 40.00
Officer
$326,900 $0 $326,900
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 $1,288,415 $1,259,387 $1,462,503 $29,028
2023 $1,377,000 $1,041,930 $1,415,217 $335,070
2022 $1,024,757 $842,437 $1,085,877 $182,320
2021 $897,148 $695,804 $937,450 $201,344
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