BRIGHT SPRINGS FOUNDATION (EIN 463375433) - 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

Principal Officer

DAVID R SHEPHERD

Phone

6155760858

Tax Period

2023-01-01 to 2023-12-31

BRIGHT SPRINGS FOUNDATION is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 133% from the prior year, signaling strong growth momentum. Expenses of $4.5M left a modest 7% surplus.

Mission

ACCORDING TO THE CERTIFICATE OF INCORPORATION, THE PURPOSE OF THE CORPORATION IS TO RECEIVE, ADMINISTER AND EXPEND FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3), INCLUDING; EDUCATE THE PUBLIC ON GLOBAL CHRISTIAN EVANGELISM; TO ENGAGE IN OTHER CHARITABLE ACTIVITIES AS DETERMINED BY THE BOARD OF DIRECTORS; TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES INCIDENTAL TO THE FOREGOING PURPOSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,812,420

Program Service Revenue $0

Investment Income $25

Other Revenue $0

TOTAL REVENUE $4,812,445

Expense Breakdown

Grants Paid $3,843,711

Salaries & Benefits $170,994

Fundraising Expenses $0

Program Expenses $4,463,455

Other Expenses $452,813

TOTAL EXPENSES $4,467,518

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,812,445	$2,063,796	+1.3%
Expenses	$4,467,518	$2,354,429	+0.9%
Net Income	$344,927	$-290,633	-2.2%

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

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

$10,000

Total Directors

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID R SHEPHERD	PRESIDENT/DI	10.00	Director	$15,000	$0	$15,000
TIMOTHY SCHIERBEEK	DIRECTOR	10.00	Officer Director	$10,000	$0	$10,000
SHUJI KONDO	DIRECTOR	N/A	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
2023	$4,812,445	$4,467,518	$659,491	$344,927
2022	$2,063,796	$2,354,429	$314,564	$-290,633
2021	$1,490,997	$1,644,954	$605,197	$-153,957
2020	$2,472,914	$2,055,055	$759,154	$417,859
2019	$685,516	$356,846	$341,295	$328,670

BRIGHT SPRINGS FOUNDATION