Bridgeway Center Inc
Nonprofit profile at a glance
- EIN
- 591278085
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Fort Walton Beach, FL, USA
- Phone
- 8508333975
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $12,524,106
- Expenses
- $14,312,372
- Assets
- $10,515,336
- Liabilities
- $3,745,238
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- BONNIE BARLOW SHRM-SCP SPHR (PRESIDENT/CEO)
Highest reported compensation
- MARLA MICHAELS MD (PSYCHIATRIST): $248,412 total reported compensation
- BONNIE BARLOW SHRM-SCP SPHR (PRESIDENT/CEO): $175,090 total reported compensation
- CANDI BUTTKE (APRN): $137,734 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bci's purpose is to deliver behavioral healthcare services, provide compassionate, trauma-informed care, maintain the human dignity of every person, meet community support needs, foster low-income housing, work to end homelessness in okaloosa and walton counties, provide primary healthcare services to low-income persons and families, and to continually search for empowering and innovative ways to serve our clients, patients, families, and the community.
What it reported doing in 2024
Outpatient services/mental health and substance use disorders: services are provided both in person and via telehealth. These services include individual and group counseling, initial individual assessments, discharge/aftercare planning, and coordination/referral to other bci and community resources the client/family needs.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 89.2%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -14.3%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.73; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 7.4%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 3.2% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 25th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 89.2% of spending went to programs
- Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $12.8M in reported program spending
- Leadership: top reported pay $248K · 20 people listed · 5 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 7/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.