BRIGHT SPOT SOBER LIVING INC (EIN 882872572) - 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

2022

Legal Domicile

Principal Officer

NICOLE BONNEMA

Phone

8033673203

Tax Period

2024-01-01 to 2024-12-31

BRIGHT SPOT SOBER LIVING INC, founded in 2022, is a micro nonprofit in the Mental Health sector that reported $27K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $37K exceeded revenue, resulting in a 35% operating deficit.

Mission

IT IS OUR MISSION TO CREATE A SPACE FOR WOMEN IN RECOVERY TO GROW AND HEAL. WE START BY PROVIDING SAFE HOMES WITH ACCOUNTABILITY AND STRUCTURE. WE THEN PROVIDE RESOURCES FOR OUR RESIDENTS TO REINTEGRATE INTO SOCIETY.

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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 $17,323

Program Service Revenue $0

Investment Income $0

Other Revenue $9,955

TOTAL REVENUE $27,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,490

Fundraising Expenses $0

Program Expenses $20,535

Other Expenses $27,466

TOTAL EXPENSES $36,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,278	$32,838	-0.2%
Expenses	$36,956	$58,438	-0.4%
Net Income	$-9,678	$-25,600	-0.6%

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

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
NICOLE BONNEMA	EXECUTIVE DI	5.00	Director	$0	$0	$0
MICHELE BULLINGTON	VICE PRESIDE	2.00	Officer	$0	$0	$0
CHELSEA NILES	PRESIDENT	5.00	Officer	$0	$0	$0
JON ROBERTS	TREASURER	1.00	Officer	$0	$0	$0
COURTNEY LEE	SECRETARY	1.00	Officer	$0	$0	$0
JESSICA MCDONALD	DIRECTOR OF	1.00	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	$27,278	$36,956	$19,507	$-9,678
2023	$32,838	$58,438	$23,462	$-25,600
2022	$5,918	$39,211	$1,954	$-33,293

BRIGHT SPOT SOBER LIVING INC