BRIGHTER TOMORROWS INC

EIN: 510643790 501(c)(3) Health Care

ROCHESTER, MN

Total Revenue
$64,064
Total Expenses
$81,659
Total Assets
$311,731
Net Assets
$311,037
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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
2007
Legal Domicile
MN
Principal Officer
LIZ CANAN
Phone
5072543952
Tax Period
2020-01-01 to 2020-12-31

BRIGHTER TOMORROWS INC, founded in 2007, is a micro nonprofit in the Health Care sector that reported $64K in total revenue in fiscal year 2020. Expenses of $82K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE EMOTIONAL, SPIRITUAL, AND EDUCATIONAL SUPPORT BY LISTENING TO, UNDERSTANDING, AND SUPPORTING FAMILIES TOUCHED BY CHILDHOOD CANCER.

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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 (2020)

Revenue Breakdown

Contributions & Grants $39,485
Program Service Revenue $0
Investment Income $3,180
Other Revenue $21,399
TOTAL REVENUE $64,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,700
Fundraising Expenses $2,662
Program Expenses $74,585
Other Expenses $50,959
TOTAL EXPENSES $81,659

Year-over-Year Comparison

2020 2019 Change
Revenue $64,064 N/A N/A
Expenses $81,659 N/A N/A
Net Income $-17,595 N/A N/A
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
8
Independent Members
8
Employees
3
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
8
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIJN BOS BOARD MEMBER 4.00
Officer Director
$0 $0 $0
LIZ CANAN PRESIDENT 8.00
Officer Director
$0 $0 $0
NEIL CASSIDY BOARD MEMBER 4.00
Officer Director
$0 $0 $0
JENNELL PRENTICE ENDRIZZI BOARD MEMBER 4.00
Officer Director
$0 $0 $0
MARY HANSEN SECRETARY 8.00
Officer Director
$0 $0 $0
CHRISTA KEEHR BOARD MEMBER 4.00
Officer Director
$0 $0 $0
BRANDON PASSON TREASURER 4.00
Officer Director
$0 $0 $0
RON PETROVICH BOARD MEMBER 4.00
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
2020 $64,064 $81,659 $311,731 $-17,595
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