Somerset, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BRIGHTER MINDS FOR BRIGHTER FUTURES FOUNDATION INC, founded in 2023, is a micro nonprofit in the Human Services sector that reported $6K in total revenue in fiscal year 2024.
Brighter Minds for Brighter Futures Foundation works with individuals with mental illness and mild intellectual or developmental disabilities to provide them a means and opportunity to interact in their communities and to connect with peers in a positive environment.
Program participants participated in a community festival called Spring Fling to raise funds for outings, dining out in the community, and to buy gifts for EMS workers and nursing home residents...
Program participants participated in a community festival called Spring Fling to raise funds for outings, dining out in the community, and to buy gifts for EMS workers and nursing home residents, which were later distributed. Program participants planned, organized and held a bake sale to raise funds for outings into the community. Participants baked the products sold themselves and through this sale had the opportunity to interact with members of their community.
Participants adopted 8 families for Christmas and purchased gifts and necessities for the families.
Participants took part in planning, organizing, and operating a booth at a community festival where they sold beef jerky and baked goods. The proceeds from this project funded several outings for the...
Participants took part in planning, organizing, and operating a booth at a community festival where they sold beef jerky and baked goods. The proceeds from this project funded several outings for the participants, including art classes, ice cream outings, bowling, amusement parks and dining out.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,702 | N/A | N/A |
| Expenses | $5,973 | N/A | N/A |
| Net Income | $-271 | N/A | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Greg Speck | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Dorothy Burchett | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Paula Gibson | President | 10.00 |
Officer
|
$0 | $0 | $0 |
| Dana Speck | Vice president | 10.00 |
Officer
|
$0 | $0 | $0 |
| Ralph Gibson | Secretary | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,702 | $5,973 | $6,637 | $-271 |
| 2023 | $13,051 | $6,143 | $6,908 | $6,908 |
Compare BRIGHTER MINDS FOR BRIGHTER FUTURES FOUNDATION INC with other nonprofits in Kentucky and across the country.