Bright Future for Children

EIN: 824376559 501(c)(3)

Arvada, CO

Total Revenue
$6,426
Total Expenses
$20,088
Total Assets
$12
Net Assets
$12
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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
2018
Legal Domicile
CO
Principal Officer
PETER MUNSON
Phone
3039085521
Tax Period
2020-01-01 to 2020-12-31

Bright Future for Children, founded in 2018, is a micro nonprofit that reported $6K in total revenue in fiscal year 2020. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 213% operating deficit.

Mission

FUNDRAISING AND MINISTRY ACTIVITIES FOR CHILDREN AND CHILDRENS ORGANIZATIONS

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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 $6,426
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,426

Expense Breakdown

Grants Paid $14,200
Salaries & Benefits $0
Fundraising Expenses $605
Program Expenses $19,332
Other Expenses $5,888
TOTAL EXPENSES $20,088

Year-over-Year Comparison

2020 2019 Change
Revenue $6,426 $75,052 -0.9%
Expenses $20,088 $61,378 -0.7%
Net Income $-13,662 $13,674 -2.0%
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
3
Independent Members
3
Employees
N/A
Volunteers
15

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY CARSEY PRESIDENT 5.00
$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 $6,426 $20,088 $12 $-13,662
2019 $75,052 $61,378 $13,674 $13,674
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