BRIGHTBRIDGE 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

1981

Legal Domicile

Principal Officer

BILL POLLARD

Phone

4234244220

Tax Period

2024-07-01 to 2025-06-30

BRIGHTBRIDGE INC, founded in 1981, is a mid-sized nonprofit in the Community Improvement sector that reported $10.4M in total revenue in fiscal year 2024. Expenses of $9.4M left a modest 10% surplus.

Mission

PROMOTION AND ASSISTANCE OF ECONOMIC DEVELOPMENT THROUGH BUSINESS FINANCING AND PROVIDING TECHNICAL ASSISTANCE

Program Service Accomplishments

Program 1

Expenses: $5,601,491 Revenue: $6,791,377

SMALL BUSINESS LENDING PROGRAM - PROGRAM A PROVIDES LOANS TO SMALL AND STARTUP BUSINESSES THAT ARE LOCATED IN QUALIFIED AREAS LOANS THAT CAN BE USED FOR ACQUISITION OF LAND, LAND IMPROVEMENTS...

SMALL BUSINESS LENDING PROGRAM - PROGRAM A PROVIDES LOANS TO SMALL AND STARTUP BUSINESSES THAT ARE LOCATED IN QUALIFIED AREAS LOANS THAT CAN BE USED FOR ACQUISITION OF LAND, LAND IMPROVEMENTS, BUILDING CONSTRUCTION, PURCHASE OF BUILDINGS, RENOVATION OF BUILDINGS, AND PURCHASE OF MACHINERY, OR EQUIPMENT. PROGRAM B PROVIDES BUSINESSES (BOTH FOR-PROFIT AND NOT-FOR-PROFIT) LOCATED IN DESIGNATED LOW-INCOME CENSUS TRACTS OR OWNED BY MEMBERS OR A TARGETED POPULATION, WHICH INCLUDES LOW-INCOME PERSONS AND ELIGIBLE MINORITIES, WITH LOANS THAT CAN BE USED FOR MOST BUSINESS PURPOSES, INCLUDING WORKING CAPITAL, FIXED ASSETS, AND OTHERS.

Program 2

Expenses: $2,034,080 Revenue: $1,702,399

SBA COMMUNITY ADVANTAGE - LOANS TO SMALL AND STARTUP BUSINESSES FOR USE IN NORMAL BUSINESS OPERATIONS TO FINANCE WORKING CAPITAL NEEDS, EQUIPMENT PURCHASES, OR EXPANSION PROJECTS. LOANS ARE REPAID BY...

Program 3

Expenses: $590,183 Revenue: $1,797,212

NEW MARKET TAX CREDIT PROVIDES CAPITAL TO BUSINESSES LOCATED IN DISTRESSED COMMUNITIES

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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 $0

Program Service Revenue $10,290,988

Investment Income $102,020

Other Revenue $12,315

TOTAL REVENUE $10,405,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,440,711

Fundraising Expenses $0

Program Expenses $8,245,009

Other Expenses $6,939,121

TOTAL EXPENSES $9,379,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,405,323	$10,677,807	0.0%
Expenses	$9,379,832	$8,606,828	+0.1%
Net Income	$1,025,491	$2,070,979	-0.5%

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

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

$1,017,554

Total Directors

$240,655

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL POLLARD	PRESIDENT & CEO	40.00	Officer Director	$220,000	$20,655	$240,655
CLEM RENFRO	CHAIR	2.00	Officer Director	$0	$0	$0
ABBY GARRISON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BOB CANTLER	DIRECTOR	2.00	Director	$0	$0	$0
ANGELA CONNER	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
KIRK GOEHRING	DIRECTOR	2.00	Director	$0	$0	$0
JEFF LAND	DIRECTOR	2.00	Director	$0	$0	$0
RYAN MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL OWENS	DIRECTOR	2.00	Director	$0	$0	$0
GARY PETTY	DIRECTOR	2.00	Director	$0	$0	$0
LES RODDY	DIRECTOR	2.00	Director	$0	$0	$0
JACK SAMPLE	DIRECTOR	2.00	Director	$0	$0	$0
LINDSAY THEOBALD	DIRECTOR	2.00	Director	$0	$0	$0
MONICA BLANTON	SENIOR VICE PRESIDENT	40.00	Officer	$230,614	$28,698	$259,312
AVERY BOGGESS	SECRETARY & VP	40.00	Officer	$132,339	$16,462	$148,801
CHARLES MILLIRONS	SENIOR VICE PRESIDENT	40.00	Officer	$118,995	$15,149	$134,144
MIKE HOWARD	VICE-PRESIDENT	40.00	Officer	$101,725	$19,745	$121,470
SHOSHANNAH WALKER	FINANCIAL OFFICER	40.00	Officer	$90,339	$22,833	$113,172
PRESTON WAY	RELATIONSHIP MANAGER	40.00	Highest	$101,250	$14,496	$115,746

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	$10,405,323	$9,379,832	$162,669,812	$1,025,491
2024	$10,677,807	$8,606,828	$161,141,804	$2,070,979
2023	$6,832,470	$5,693,362	$141,822,282	$1,139,108
2022	$3,473,186	$2,555,293	$120,622,501	$917,893
2021	$2,989,328	$2,142,140	$72,134,549	$847,188
2020	$2,806,922	$1,858,309	$51,290,497	$948,613
2019	$1,612,964	$1,455,029	$21,973,043	$157,935