Brighter Futures Foundation (EIN 842713350) - 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

2019

Legal Domicile

Principal Officer

YOUSUF GHOUSE

Phone

6302026380

Tax Period

2024-01-01 to 2024-12-31

Brighter Futures Foundation, founded in 2019, is a small nonprofit in the Education sector that reported $986K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $938K left a modest 5% surplus.

Mission

We envision a world where everyone with a desire for an education be it Islamic or secular is able to attain one, regardless of their income or geographic location.

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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 $985,928

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $985,928

Expense Breakdown

Grants Paid $921,830

Salaries & Benefits $0

Fundraising Expenses $8,308

Program Expenses $921,830

Other Expenses $16,613

TOTAL EXPENSES $938,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$985,928	$863,729	+0.1%
Expenses	$938,443	$867,279	+0.1%
Net Income	$47,485	$-3,550	-14.4%

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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
YOUSUF GHOUSE	PRESIDENT	Officer Director	$0	$0	$0
Ali Siddiqui	SECRETARY	Officer Director	$0	$0	$0
Fayaaz Mohammed	TREASURER	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
2024	$985,928	$938,443	$171,117	$47,485
2023	$863,729	$867,279	$123,632	$-3,550
2022	$437,546	$366,677	$127,182	$70,869
2021	$188,965	$160,947	$56,313	$28,018
2020	$114,370	$86,075	$28,295	$28,295

Brighter Futures Foundation