HULL BRIGHT START INC (EIN 203577581) - 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

2005

Legal Domicile

Principal Officer

KAYTI BEUKELMAN

Phone

7124391683

Tax Period

2024-01-01 to 2024-12-31

HULL BRIGHT START INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $358K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $632K exceeded revenue, resulting in a 77% operating deficit.

Mission

PROVIDE ADEQUATE DAYCARE & PRESCHOOL

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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 $218,046

Program Service Revenue $119,222

Investment Income $488

Other Revenue $19,933

TOTAL REVENUE $357,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $402,638

Fundraising Expenses $0

Program Expenses $630,167

Other Expenses $229,840

TOTAL EXPENSES $632,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,689	$1,438,165	-0.8%
Expenses	$632,478	$386,036	+0.6%
Net Income	$-274,789	$1,052,129	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX VAN DER WILT	DIRECTOR	5.00	Director	$0	$0	$0
KAYTI BEUKELMAN	PRESIDENT	5.00	Officer	$0	$0	$0
COURTNI BOOTSMA	SECRETARY	5.00	Officer	$0	$0	$0
ABBIE EICHMANN	VICE PRESIDE	5.00	Officer	$0	$0	$0
ALYSSA HARMS	TREASURER	5.00	Officer	$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
2024	$357,689	$632,478	$3,084,142	$-274,789
2023	$1,438,165	$386,036	$2,837,900	$1,052,129
2022	$1,363,410	$341,875	$1,209,024	$1,021,535
2021	$349,260	$283,099	$187,491	$66,161
2020	$297,235	$285,426	$144,990	$11,809
2019	$285,868	$270,754	$140,169	$15,114
2018	$273,926	$266,021	$131,883	$7,905

HULL BRIGHT START INC