BRITE NEW HORIZONS SERVICES INC (EIN 261773814) - 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

2008

Legal Domicile

Principal Officer

DELE SILVA

Phone

5629270500

Tax Period

2024-01-01 to 2024-12-31

BRITE NEW HORIZONS SERVICES INC, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE EDUCATIONAL TRAINING AND PREVENTIVE CARE CLASS PROGRAMS WHILE MENTORING DEVELOPMENTALLY DISABLED INDIVIDUALS WHO ARE IN TRANSITIONAL PERIOD BACK TO SOCIETY

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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 $1,397,856

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,397,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,257,824

Fundraising Expenses $0

Program Expenses $1,447,976

Other Expenses $190,152

TOTAL EXPENSES $1,447,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,397,856	$1,047,403	+0.3%
Expenses	$1,447,976	$1,079,059	+0.3%
Net Income	$-50,120	$-31,656	+0.6%

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

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
DELE SILVA	CEO	50.00	Officer Director	$0	$0	$0
KENNEDY CHUKWUEBUKA SILVA MCEOWULA	CFO	40.00	Officer	$0	$0	$0
PRISCILLA DURU	SECY	40.00	Highest	$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
2025	No data	No data	No data	No data
2024	$1,397,856	$1,447,976	$408,683	$-50,120
2023	$1,047,403	$1,079,059	$458,083	$-31,656
2022	$1,110,677	$1,096,532	$489,739	$14,145
2021	$779,399	$761,877	$475,594	$17,522
2020	$905,526	$783,774	$458,072	$121,752
2019	$774,471	$652,816	$336,320	$121,655
2018	$715,020	$684,138	$410,565	$30,882

BRITE NEW HORIZONS SERVICES INC