BRIGHTSIDE FOUNDATION INC

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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

2010

Legal Domicile

Principal Officer

MICHELLE BLACK WHITE

Phone

5026450575

Tax Period

2024-07-01 to 2025-06-30

BRIGHTSIDE FOUNDATION INC, founded in 2010, is a small nonprofit in the Public Safety sector that reported $455K in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $175K, a strong 38% operating margin.

Mission

BRIGHTSIDE FOUNDATION WORKS HAND-IN-HAND WITH BRIGHTSIDE, INC. TO SOLICIT AND OVERSEE PRIVATELY-RAISED FUNDS IN SUPPORT OF THE ENVIRONMENTALLY FOCUSED ACTIVITIES OF BRIGHTSIDE INC. THROUGH ITS FIDUCIARY ROLE, THE FOUNDATION ENSURES THAT DONATED FUNDS ARE USED AS THE DONOR INTENDED.

Program Service Accomplishments

Program 1

Expenses: $47,304

9,618 VOLUNTEERS PARTICPATED IN BRIGHTSIDE LITTER ABATEMENT AND CLEANLINESS ACTIVITIES INCLUDING NEIGHBORHOOD CLEANUPS, SWEEP & SIP EVENTS, SPRING AND FALL COMMUITY-WIDE CLEANUPS, AND THE TRASH FOR...

Program 2

Expenses: $85,665

TWENTY ONE (21) MINI BOTANICAL GARDENS IN PUBLIC MEDIANS WERE MAINTAINED ACROSS METRO LOUISVILLE AND EIGHTY-SEVEN (87) NEW CANOPY TREES WERE PLANTED TO INCREASE LOUISVILLE'S TREE CANOPIES AND...

TWENTY ONE (21) MINI BOTANICAL GARDENS IN PUBLIC MEDIANS WERE MAINTAINED ACROSS METRO LOUISVILLE AND EIGHTY-SEVEN (87) NEW CANOPY TREES WERE PLANTED TO INCREASE LOUISVILLE'S TREE CANOPIES AND BEAUTIFY VARIOUS NEIGHBORHOODS THROUGHOUT THE CITY ALONG WITH OTHER BEAUTIFICATION AND PLANTING PROJECTS. TREE PLANTING PROJECTS INCLUDE THREE YEARS OF MAINTENANCE.

Program 3

Expenses: $18,484

ONE HUNDRED AND FORTY FOUR (144) EDUCATIONAL OUTREACH PRESENTATIONS WERE MADE THROUGH METRO LOUISVILLE REACHING 4,291 STUDENTS

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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 $500,125

Program Service Revenue $0

Investment Income $56,555

Other Revenue $-101,611

TOTAL REVENUE $455,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,679

Fundraising Expenses $26,939

Program Expenses $151,453

Other Expenses $181,678

TOTAL EXPENSES $280,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,069	$226,235	+1.0%
Expenses	$280,357	$287,843	0.0%
Net Income	$174,712	$-61,608	-3.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

9618

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

$129,583

Total Directors

$103,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS STRAUB II	CHAIR	0.25	Officer Director	$0	$0	$0
JENNIFER MCGILL	TREASURER	0.25	Officer Director	$0	$0	$0
CHANDRIKA SRINIVASAN	SECRETARY	0.25	Officer Director	$0	$0	$0
BRANDAN BURFICT	DIRECTOR	0.25	Director	$0	$0	$0
BRANDON COAN	DIRECTOR	0.25	Director	$0	$0	$0
WILL FENSTERER	DIRECTOR	0.25	Director	$0	$0	$0
JASON LARKIN	DIRECTOR	0.25	Director	$0	$0	$0
GINA O'BRIEN	DIRECTOR	0.25	Director	$0	$0	$0
JEFF ENGLISH	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE BLACK WHITE	EXECUTIVE DIRECTOR	20.00	Officer Director	$103,000	$0	$103,000
LORRI ROBERTS	EX-OFFICIO	0.25	Director	$0	$0	$0
AMBER HALLORAN	CFO	10.00	Officer	$26,583	$0	$26,583

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	$455,069	$280,357	$1,948,083	$174,712
2024	No data	No data	No data	No data
2023	$481,773	$213,961	$1,632,274	$267,812
2022	$-18,979	$295,280	$1,586,868	$-314,259
2021	$475,012	$219,341	$1,773,077	$255,671
2020	$443,912	$367,126	$1,502,612	$76,786
2019	$434,851	$304,131	$1,523,196	$130,720
2018	$365,553	$274,589	$1,306,032	$90,964