BELIEVING IN OUR FUTURE INC

EIN: 460642106 501(c)(3) Food, Agriculture & Nutrition

DALLAS, TX

Total Revenue
$210,148
Total Expenses
$159,234
Total Assets
$118,104
Net Assets
$118,104
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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
2012
Legal Domicile
TX
Phone
4693962532
Tax Period
2023-01-01 to 2023-12-31

BELIEVING IN OUR FUTURE INC, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $210K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 24% operating margin.

Mission

Offer sequential programs for poverty,disable,homeless children and adults that enhances their mind,body,and self-esteem.

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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 $56,400
Program Service Revenue $153,748
Investment Income $0
Other Revenue $0
TOTAL REVENUE $210,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $88,900
Fundraising Expenses $0
Program Expenses $0
Other Expenses $70,334
TOTAL EXPENSES $159,234

Year-over-Year Comparison

2023 2022 Change
Revenue $210,148 $282,979 -0.3%
Expenses $159,234 $256,055 -0.4%
Net Income $50,914 $26,924 +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
4
Independent Members
4
Employees
N/A
Volunteers
21

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
2
$90,000
Total Directors
1
$48,000
Key Employees
2
$90,000
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERRIE ANDERSON DIRECTOR 60.00
Officer Director Key Emp Highest
$24,000 $24,000 $48,000
VEODIS BRIGHT Coordinator 60.00
Officer Key Emp Highest
$21,000 $21,000 $42,000
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
2023 $210,148 $159,234 $118,104 $50,914
2022 $282,979 $256,055 $67,190 $26,924
2021 $267,141 $229,375 $40,266 $37,766
2020 $312,544 $310,044 $2,500 $2,500
2019 $240,905 $240,905 No data No data
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