BRIGHTSIDE UP INC (EIN 141648493) - 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

1980

Legal Domicile

Principal Officer

ABBE KOVACIK

Phone

5184267181

Tax Period

2024-01-01 to 2024-12-31

BRIGHTSIDE UP INC, founded in 1980, is a community nonprofit in the Human Services sector that reported $6.5M in total revenue in fiscal year 2024.

Mission

RESOURCE AND REFERRAL AGENCY DEDICATED TO PROMOTING QUALITY AND ACCESSIBLE CHILD CARE.BRIGHTSIDE UP, INC. (ORGANIZATION), IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO FUNCTION AS A RESOURCE AND REFERRAL AGENCY DEDICATED TO PROMOTING QUALITY, ACCESSIBLE CHILD CARE FOR ALL OF THE CAPITAL REGION'S DIVERSE COMMUNITIES. THE ORGANIZATION ASSUMES A LEADERSHIP ROLE IN SUPPORTING CHILDREN, PARENTS, PROVIDERS AND EMPLOYERS THROUGH REFERRAL COUNSELING, EDUCATION, TRAINING, AND ADVOCACY. THE ORGANIZATION IS PRIMARILY SUPPORTED BY GRANT INCOME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,016,893

Program Service Revenue $502,277

Investment Income $12,487

Other Revenue $9,881

TOTAL REVENUE $6,541,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,953,705

Fundraising Expenses $0

Program Expenses $6,084,761

Other Expenses $2,659,108

TOTAL EXPENSES $6,612,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,541,538	$6,759,914	0.0%
Expenses	$6,612,813	$6,772,721	0.0%
Net Income	$-71,275	$-12,807	+4.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$269,844

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN BURNS	BOARD MEMBER	0.50	Director	$0	$0	$0
TAMI B CALLISTER	BOARD MEMBER	0.50	Director	$0	$0	$0
REBECCA FITCH	BOARD MEMBER	0.50	Director	$0	$0	$0
DEMETRIS E FULLARD	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTA GRANT	BOARD MEMBER	0.50	Director	$0	$0	$0
DEIRDRE GRECO	BOARD MEMBER	0.50	Director	$0	$0	$0
PHYLLIS J HATHAWAY	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHY M MESSORE	BOARD MEMBER	0.50	Director	$0	$0	$0
CONSTANCE LARKINS-REYNOLDS	BOARD MEMBER	0.50	Director	$0	$0	$0
ALLISON TURICIO	BOARD MEMBER	0.50	Director	$0	$0	$0
NIKKI A CARUSO	PRESIDENT	0.50	Officer Director	$0	$0	$0
CARMELA PASQUARELLA	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHELLE JARVAIS	TREASURER	0.50	Officer Director	$0	$0	$0
SUSAN BIRKHEAD	SECRETARY	0.50	Officer Director	$0	$0	$0
KEELY M WEISE	CHIEF FINANCIAL OFFICER	37.50	Officer	$124,649	$13,012	$137,661
ABBE KOVACIK	EXECUTIVE DIRECTOR	37.50	Officer	$118,510	$13,673	$132,183

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	$6,541,538	$6,612,813	$2,502,551	$-71,275
2023	$6,759,914	$6,772,721	$2,684,666	$-12,807
2022	$6,526,278	$6,452,036	$2,884,989	$74,242
2021	$8,053,479	$7,697,510	$1,655,548	$355,969
2020	$7,569,858	$6,995,620	$1,229,918	$574,238
2018	$4,214,150	$4,303,137	$909,414	$-88,987

BRIGHTSIDE UP INC