Brighton Marine Inc
Overview
Mission
Brighton marine, inc. Provides military and veteran families with comprehensive campus-based quality health care, as well as affordable and supportive housing for at-risk veterans and their families.
What it reported doing in 2023
Brighton marine, inc. Ensures that qualifying military family members and retirees living in the catchment area of Massachusetts, Rhode Island, New Hampshire, and eastern Connecticut receive quality health care through the u.s. Family health plan (usfhp). In addition, the organization maintains a six-building, 9-acre campus for community-based organizations, serving veterans and their families, as well as members of the local community.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 042742727
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023
- Headquarters
- Brighton, MA, USA
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospitals
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some related-organization disclosures are missing.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 66
- Accountability: 85
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.8%; rating input score 99
- Program expense ratio: 94.5%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 24th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 24th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -3.1%; rating input score 19; 19th percentile among comparable filings
- Operating reserve ratio: 0.35; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0.3%; rating input score 89; 89th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 98.8% of revenue deployed · 94.5% of spending went to programs
- Governance: 6 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $161M in reported program spending
- Leadership: top reported pay $243K · 10 people listed · 1 of 6 pay-setting controls reported
- Consistency: 30 of 32 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 annual filings from 2009 to 2023
- Money network: 3 filed money-flow records