BRIGHTHOUSE SCHOLAR CONNECTIONS INC

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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

2022

Legal Domicile

Principal Officer

CURTIS SAMUELS

Phone

9809493467

Tax Period

2024-01-01 to 2024-12-31

BRIGHTHOUSE SCHOLAR CONNECTIONS INC, founded in 2022, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2024. The organization ran a surplus of $45K, a strong 18% operating margin.

Mission

SCHOLARS SEEKS TO EXPAND EDUCATIONAL OPPORTUNITIES FOR STUDENTS WHO ARE MEMBERS OF HISTORICALLY UNDERREPRESENTED OR DISADVANTAGED POPULATIONS.SCHOLARS WILL GRANT SCHOLARSHIPS FOR FULL-TIME ENROLLMENT OR ATTENDANCE AT A UNIVERSITY, COLLEGE, TRADE SCHOOL OR VOCATIONAL SCHOOL OR OTHER INSTITUTION OF HIGHER EDUCATION AS DESCRIBED IN CODE SECTION 170(B)(1)(A)(II) (AN "EDUCATIONAL INSTITUTION") TO HELP UNDERREPRESENTED OR DISADVANTAGED STUDENTS OVERCOME HISTORIC CHALLENGES WHICH HAVE IMPEDED THEIR ENROLLMENT IN, SUCCESS AT, AND TIMELY GRADUATION FROM, AN EDUCATIONAL INSTITUTION. IT IS EXPECTED THAT SCHOLAR'S CHARITABLE ACTIVITIES, INCLUDING ITS SCHOLARSHIP PROGRAM, WILL BE FUNDED WITH DONATIONS RAISED THROUGH THE CORPORATION'S FUNDRAISING EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $154,553 Revenue: $0

SCHOLARSHIP PROGRAM:GRANTED 21 SCHOLARSHIPS WHICH ENABLE STUDENTS TO EXPAND THEIR EDUCATIONAL JOURNEY.

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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 $241,844

Program Service Revenue $0

Investment Income $0

Other Revenue $2,680

TOTAL REVENUE $244,524

Expense Breakdown

Grants Paid $120,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $154,553

Other Expenses $79,861

TOTAL EXPENSES $199,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,524	$230,265	+0.1%
Expenses	$199,861	$155,445	+0.3%
Net Income	$44,663	$74,820	-0.4%

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

Independent Members

Employees

N/A

Volunteers

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
CURTIS SAMUELS	DIRECTOR, PRESIDENT	20.00	Officer Director	$0	$0	$0
LYNN DUMAIS	DIRECTOR, TREASURER	6.00	Officer Director	$0	$0	$0
ANTONIO GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
CLARA MUHAMMAD	DIRECTOR	1.00	Director	$0	$0	$0
ERIC STEIGERWALT	DIRECTOR, CHAIR	1.00	Director	$0	$0	$0
VONDA HUSS	DIRECTOR	2.00	Director	$0	$0	$0
ANDREIA GRADDICK DAHI	VICE PRESIDENT	30.00	Officer	$0	$0	$0
CHRISTOPHER HARTSFIELD	GENERAL COUNSEL & SECRETARY	6.00	Officer	$0	$0	$0
DANA LADDEN	GENERAL COUNSEL	3.00	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	$244,524	$199,861	$402,115	$44,663
2023	$230,265	$155,445	$366,283	$74,820
2022	$257,500	$22,806	$257,500	$234,694
2022	$257,500	$22,806	$257,500	$234,694