GLENMONT, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BRIGHTER CHOICE FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $126K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $179K exceeded revenue, resulting in a 42% operating deficit.
THE BRIGHTER CHOICE FOUNDATION IS A NOT-FOR-PROFIT 501(C) 3 THAT SEEKS TO TRANSFORM AND IMPROVE THE K-12 PUBLIC EDUCATION LANDSCAPE IN THE CAPITAL DISTRICT THROUGH THE SUPPORT AND SPONSORSHIP OF PUBLIC CHARTER SCHOOLS AND OTHER NEW AND INNOVATIVE INITIATIVES THAT EXPAND OR STRENGTHEN EDUCATIONAL OPTIONS FOR HISTORICALLY UNDER-SERVED STUDENTS, FAMILIES, AND COMMUNITIES. IN SUPPORT OF THIS MISSION, THE BRIGHTER CHOICE FOUNDATION WILL MAKE GRANTS THAT SUPPORT INITIATIVES DESIGNED TO GROW AND IMPROVE THE EDUCATION OPTIONS AVAILABLE TO FAMILIES IN THE CAPITAL DISTRICT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $125,969 | $108,316 | +0.2% |
| Expenses | $178,871 | $330,056 | -0.5% |
| Net Income | $-52,902 | $-221,740 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL STRIANESE | BOARD CHAIR | 1 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN BACKSTROM | SECRETARY | 1 |
Officer
Director
|
$0 | $0 | $0 |
| MARK MUSCATIELLO | TRUSTEE | 1 |
Director
|
$0 | $0 | $0 |
| CHRIS GARBER | TRUSTEE | 1 |
Director
|
$0 | $0 | $0 |
| ERIN O'MEARA | TRUSTEE | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $125,969 | $178,871 | $592,535 | $-52,902 |
| 2022 | $108,316 | $330,056 | $644,537 | $-221,740 |
| 2021 | $100,000 | $230,986 | $941,279 | $-130,986 |
| 2020 | $4,054 | $260,894 | $1,071,936 | $-256,840 |
| 2019 | $1,785,505 | $682,797 | $1,302,583 | $1,102,708 |
| 2018 | $819,721 | $909,309 | $10,223,673 | $-89,588 |
Compare BRIGHTER CHOICE FOUNDATION INC with other nonprofits in New York and across the country.