Bright Future Inc

EIN: 882138119 501(c)(3) Education

Artesia, NM

Total Revenue
$126,071
Total Expenses
$88,953
Total Assets
$164,089
Net Assets
$164,087
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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
NM
Phone
5757032679
Tax Period
2024-01-01 to 2024-12-31

Bright Future Inc, founded in 2022, is a small nonprofit in the Education sector that reported $126K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $37K, a strong 29% operating margin.

Mission

We provide scholarships to students at all High Schools in Eddy and Lea County.

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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 $0
Program Service Revenue $0
Investment Income $189
Other Revenue $125,882
TOTAL REVENUE $126,071

Expense Breakdown

Grants Paid $87,874
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $87,874
Other Expenses $1,079
TOTAL EXPENSES $88,953

Year-over-Year Comparison

2024 2023 Change
Revenue $126,071 $112,620 +0.1%
Expenses $88,953 $99,601 -0.1%
Net Income $37,118 $13,019 +1.9%
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
4
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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerron Madrid President 0.00
Director
$0 $0 $0
Tito Salmon Vice President 0.00
Director
$0 $0 $0
Ken Clayton Treasurer 0.00
Director
$0 $0 $0
Joli Harris Secretary 0.00
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 $126,071 $88,953 $164,089 $37,118
2023 $112,620 $99,601 $126,969 $13,019
2022 $122,345 $8,395 $113,950 $113,950
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