BRIGHT FUNDS FOUNDATION (EIN 462109112) - 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

2013

Legal Domicile

Principal Officer

SRINAGESH VITTHANALA

Phone

6508626400

Tax Period

2024-01-01 to 2024-12-31

BRIGHT FUNDS FOUNDATION, founded in 2013, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $25.6M in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $22.3M left a modest 13% surplus.

Mission

BRIGHT FUNDS FOUNDATION EXISTS TO EMPOWER PEOPLE TO BE MEANINGFUL, EFFECTIVE, AND ENGAGED PHILANTHROPISTS.

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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 $25,501,636

Program Service Revenue $0

Investment Income $110,882

Other Revenue $27,157

TOTAL REVENUE $25,639,675

Expense Breakdown

Grants Paid $21,301,298

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,054,193

Other Expenses $960,341

TOTAL EXPENSES $22,261,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,639,675	$85,703,644	-0.7%
Expenses	$22,261,639	$83,907,973	-0.7%
Net Income	$3,378,036	$1,795,671	+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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SRINAGESH VITTHALANA	President	3.0	Officer Director	$0	$0	$0
ANDREW FLACHNER	SECRETARY	3.0	Officer Director	$0	$0	$0
CLIFF GOLDSTEIN	TREASURER	3.0	Officer 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
2024	$25,639,675	$22,261,639	$10,834,060	$3,378,036
2024	No data	No data	No data	No data
2023	$85,703,644	$83,907,973	$21,258,588	$1,795,671
2022	$69,853,050	$68,290,248	$27,273,042	$1,562,802
2021	$59,277,249	$61,178,901	$23,418,833	$-1,901,652
2019	$40,809,537	$36,972,742	$16,383,053	$3,836,795
2018	$30,893,921	$28,116,540	$12,197,417	$2,777,381

BRIGHT FUNDS FOUNDATION