DALLAS BRIGHT FUTURES

EIN: 933908880 501(c)(3) Education

DALLAS, TX

Total Revenue
$255,000
Total Expenses
$236,350
Total Assets
$66,966
Net Assets
$66,866
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
Principal Officer
MONTY BENNETT
Phone
9727789211
Tax Period
2024-01-01 to 2024-12-31

DALLAS BRIGHT FUTURES, founded in 2023, is a small nonprofit in the Education sector that reported $255K in total revenue in fiscal year 2024. Revenue surged 420% from the prior year, signaling strong growth momentum. Expenses of $236K left a modest 7% surplus.

Mission

Dallas Bright Futures, a dedicated non-profit organization, operates as the foundational support for The Monty J and Sarah Z Bennett Dallas ISD Scholarship. Our mission is to empower and uplift underserved high school students within the Dallas Independent School District by providing substantial scholarship opportunities.

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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 $255,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $255,000

Expense Breakdown

Grants Paid $180,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $206,050
Other Expenses $56,350
TOTAL EXPENSES $236,350

Year-over-Year Comparison

2024 2023 Change
Revenue $255,000 $49,000 +4.2%
Expenses $236,350 $784 +300.5%
Net Income $18,650 $48,216 -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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONTY BENNETT President 1.00
Officer Director
$0 $0 $0
MICHAEL BAILEY Secretary 1.00
Officer Director
$0 $0 $0
SARAH Z BENNETT Director 1.00
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 $255,000 $236,350 $66,966 $18,650
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