BRIGHT CONDUIT CORPORATION FORMERLY KNOWN AS BRIGHT START CORP (EIN 133571733) - 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

1990

Legal Domicile

Principal Officer

JOE PEDREIRA

Phone

3058676141

Tax Period

2022-01-01 to 2022-10-31

BRIGHT CONDUIT CORPORATION FORMERLY KNOWN AS BRIGHT START CORP, founded in 1990, is a micro nonprofit that reported $77K in total revenue in fiscal year 2022. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $223K exceeded revenue, resulting in a 190% operating deficit.

Mission

BRIGHT CONDUIT CORPORATION OPERATED A PRIVATE POSTSECONDARY AND VOCATIONAL SCHOOL THAT OFFERS ONLINE HOLISTIC HEALTH EDUCATION AND CEASED OPERATNG IN 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $108

Investment Income $11

Other Revenue $76,923

TOTAL REVENUE $77,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,617

Fundraising Expenses $0

Program Expenses $186,139

Other Expenses $50,449

TOTAL EXPENSES $223,066

Year-over-Year Comparison

	2022	2021	Change
Revenue	$77,042	$342,420	-0.8%
Expenses	$223,066	$549,343	-0.6%
Net Income	$-146,024	$-206,923	-0.3%

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

N/A

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

$104,505

Total Directors

$35,591

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOROTHY GERMANO	PRESIDENT	30.00	Officer	$50,000	$0	$50,000
ALLEN ZILBERT	CIO	20.00	Officer	$35,850	$0	$35,850
BETH MAIZES	DIRECTOR/EXE	20.00	Director	$35,591	$0	$35,591
JOE PEDREIRA	COO	10.00	Officer	$18,655	$0	$18,655
JAY FOX ESQ	DIRECTOR/SEC	N/A	Director	$0	$0	$0
DR BERNARD ESRIG	DIRECTOR	N/A	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
2022	$77,042	$223,066	No data	$-146,024
2021	$342,420	$549,343	$2,898,356	$-206,923
2020	$421,395	$694,536	$2,838,373	$-273,141
2019	$317,100	$655,613	$2,997,377	$-338,513
2018	$394,418	$631,175	$2,995,177	$-236,757

BRIGHT CONDUIT CORPORATION FORMERLY KNOWN AS BRIGHT START CORP