OUR BRIGHT FUTURE INC

🔒

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

2016

Legal Domicile

Principal Officer

KWASI ACHEAMPONG

Phone

7745785111

Tax Period

2023-01-01 to 2023-12-31

OUR BRIGHT FUTURE INC, founded in 2016, is a small nonprofit in the Youth Development sector that reported $405K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $388K left a modest 4% surplus.

Mission

OUR MISSION IS TO EMPOWER YOUTH AND DEVELOP BRIGHT LEADERS THROUGH ROBOTICS, SPORTS TRAINING AND GUIDANCE IN ACADEMICS.

Program Service Accomplishments

Program 1

Expenses: $388,488 Revenue: $13,483

THROUGH THE PURCHASE OF VANS AND PROVIDING DRIVERS, OUR BRIGHT FUTURE INC BEGAN OFFERING A SUMMER PROGRAM TO A LARGER SEGMENT OF THE AREA POPULATION.

🔒

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 $381,619

Program Service Revenue $13,483

Investment Income $9,492

Other Revenue $880

TOTAL REVENUE $405,474

Expense Breakdown

Grants Paid $20,020

Salaries & Benefits $250,763

Fundraising Expenses $0

Program Expenses $388,488

Other Expenses $117,705

TOTAL EXPENSES $388,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$405,474	$276,470	+0.5%
Expenses	$388,488	$254,040	+0.5%
Net Income	$16,986	$22,430	-0.2%

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

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

$89,410

Total Directors

$65,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KWASI ACHEAMPONG	PRESIDENT	40.00	Officer Director	$65,160	$0	$65,160
SCARLETT ACHEAMPONG	SECRETARY	15.00	Officer	$24,250	$0	$24,250
ROBERT GALGANO	DIRECTOR	N/A	Director	$0	$0	$0
LINDA NEFF	DIRECTOR	N/A	Director	$0	$0	$0
DORIS TOWNS	DIRECTOR	N/A	Director	$0	$0	$0
PETER KARIUKI	TREASURER	10.00	Officer	$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	$405,474	$388,488	$79,573	$16,986
2022	$276,470	$254,040	$56,044	$22,430