BFIT BIG DREAMS YOUTH INCORPORATED

EIN: 862135723 501(c)(3) Youth Development

CHARLOTTE, NC

Total Revenue
$172,526
Total Expenses
$88,532
Total Assets
$88,694
Net Assets
$83,994
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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
2021
Legal Domicile
NC
Principal Officer
BRENDAN MAY
Phone
7044588757
Tax Period
2024-01-01 to 2024-12-31

BFIT BIG DREAMS YOUTH INCORPORATED, founded in 2021, is a small nonprofit in the Youth Development sector that reported $173K in total revenue in fiscal year 2024. The organization ran a surplus of $84K, a strong 49% operating margin.

Mission

To empower young minds by fostering physical, mental, and social growth. Through diverse experiences, we inspire youth to dream big, think boldly, and reach their full potential.

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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 (2024)

Revenue Breakdown

Contributions & Grants $66,032
Program Service Revenue $21,051
Investment Income $0
Other Revenue $85,443
TOTAL REVENUE $172,526

Expense Breakdown

Grants Paid $168
Salaries & Benefits $43,928
Fundraising Expenses $0
Program Expenses $1,982
Other Expenses $44,436
TOTAL EXPENSES $88,532

Year-over-Year Comparison

2024 2023 Change
Revenue $172,526 N/A N/A
Expenses $88,532 N/A N/A
Net Income $83,994 N/A N/A
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
6
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELITA MITCHELL BOARD CHAIR 40
Director
$0 $0 $0
LAURIE SMAN TREASURER 40
Director
$0 $0 $0
MARTIN JACKSON SECRETARY 40
Director
$0 $0 $0
BRENDAN MAY EXECUTIVE DIRECTOR 40
Director
$0 $0 $0
TERENCE CUNNINGHAM N/A 40
Director
$0 $0 $0
SHANNON CLAY N/A 40
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 $172,526 $88,532 $88,694 $83,994
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