BRIGHT FUTURE COMMUNITY INC (EIN 812127354) - 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

2016

Legal Domicile

Principal Officer

LESLIE MULLINGS

Phone

2124702207

Tax Period

2024-07-01 to 2025-06-30

BRIGHT FUTURE COMMUNITY INC, founded in 2016, is a small nonprofit in the Employment sector that reported $331K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 25% operating margin.

Mission

BRIGHT FUTURE COMMUNITY IGNITES FAR ROCKAWAYS POTENTIAL BY UNITING YOUNGER AND OLDER ADULTS UNDER ONE ROOF WHERE INNOVATION MEETS INDUSTRY. THROUGH STATE-OF-THE-ART CLASSROOMS AND HANDS-ON TRAINING IN CULINARY ARTS, CONSTRUCTION, FINANCIAL MANAGEMENT, COMPUTER TECHNOLOGY, AND FAMILY SERVICES, WE EQUIP EVERY PARTICIPANT WITH THE SKILLS, CERTIFICATIONS, AND WRAPAROUND SUPPORT NEEDED TO LAUNCH REWARDING CAREERS LOCALLY AND BEYOND. BY NURTURING TALENT FROM WITHIN, WE STRENGTHEN FAMILIES, BOOST ECONOMIC PROSPERITY, AND BUILD A RESILIENT, THRIVING FAR ROCKAWAY FOR DECADES TO COME.

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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 $0

Investment Income $0

Other Revenue $330,512

TOTAL REVENUE $330,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,959

Other Expenses $249,430

TOTAL EXPENSES $249,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,512	$267,200	+0.2%
Expenses	$249,430	$275,471	-0.1%
Net Income	$81,082	$-8,271	-10.8%

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
CLORIS BERNARD	SECRETARY	1.00	Director	$0	$0	$0
DAVID ESFHANI	NON-VOTING M	1.00	Director	$0	$0	$0
GERTRUDIS HERNANDEZ	TREASURER	1.00	Director	$0	$0	$0
LESLIE MULLINGS	BOARD CHAIR	1.00	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
2025	$330,512	$249,430	$1,394,731	$81,082
2024	$240,000	$253,498	$10,616	$-13,498
2024	$267,200	$275,471	$1,759,342	$-8,271

BRIGHT FUTURE COMMUNITY INC