A Brighter Way (EIN 811186430) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

Joe Thomas

Phone

7348963770

Tax Period

2023-01-01 to 2023-12-31

A Brighter Way, founded in 2015, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 306% from the prior year, signaling strong growth momentum. The organization ran a surplus of $463K, a strong 46% operating margin.

Mission

A Brighter Way ABW helps formerly incarcerated individuals make a successful return to society. Our primary activities to achieve this are mentoring programs, advocacy, and direct support for basic needs.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $954,510

Program Service Revenue $56,945

Investment Income $2,065

Other Revenue $200

TOTAL REVENUE $1,013,720

Expense Breakdown

Grants Paid $28,547

Salaries & Benefits $327,719

Fundraising Expenses $23,095

Program Expenses $435,708

Other Expenses $194,761

TOTAL EXPENSES $551,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,013,720	$249,447	+3.1%
Expenses	$551,027	$199,398	+1.8%
Net Income	$462,693	$50,049	+8.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$72,389

Total Directors

$22,705

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Grant	Executive Director	040.00	Officer	$60,608	$11,781	$72,389
Jeanne Ross	Board Member and Deputy Director/Development Director	020.00	Director	$22,256	$449	$22,705
Al Newman	President	010.00	Officer Director	$0	$0	$0
Laurence O'Connell	Treasurer	005.00	Officer Director	$0	$0	$0
Kim Thomas	Board Member	002.50	Director	$0	$0	$0
Bonnie Billups	Board Member	002.50	Director	$0	$0	$0
Kat Layton	Secretary	002.50	Officer Director	$0	$0	$0
Cynthia Harrison	Board Member	002.50	Director	$0	$0	$0
Arthur Thomas	Board Member	002.50	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	No data	No data	No data	No data
2023	$1,013,720	$551,027	$756,512	$462,693
2022	$249,447	$199,398	$106,716	$50,049

A Brighter Way