BRIGHTSIDE THEATRE INC (EIN 271016240) - 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

2009

Legal Domicile

Principal Officer

MEG BIRCH

Phone

6306775858

Tax Period

2023-09-01 to 2024-08-31

BRIGHTSIDE THEATRE INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $369K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 26% operating margin.

Mission

TO ENLIGHTEN, EDUCATE AND ENTERTAIN THROUGH THE LIVE PERFORMANCE OF COMEDIES AND INSPIRATIONAL STORIES FROM AROUND THE WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $129,594

Program Service Revenue $224,202

Investment Income $8,385

Other Revenue $6,435

TOTAL REVENUE $368,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,153

Fundraising Expenses $6,231

Program Expenses $146,448

Other Expenses $232,605

TOTAL EXPENSES $272,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,616	$249,762	+0.5%
Expenses	$272,758	$290,229	-0.1%
Net Income	$95,858	$-40,467	-3.4%

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

$37,400

Total Directors

$37,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE ANN KORNAK	EXECUTIVE DIRECTOR/SECRETA	30.00	Officer Director	$17,100	$0	$17,100
JEFFREY CASS	ARTISTIC DIRECTOR	30.00	Officer Director	$20,300	$0	$20,300
MEG BIRCH	PRESIDENT	0.15	Officer Director	$0	$0	$0
MELANIE GREENBERG	TREASURER	0.15	Officer Director	$0	$0	$0
TIN PENAVIC	BOARD MEMBER	0.15	Director	$0	$0	$0
PAUL SANTUCCI	BOARD MEMBER	0.15	Director	$0	$0	$0
ROBERT LOHR	BOARD MEMBER	0.15	Director	$0	$0	$0
RUTH ANNE REHFELDT	BOARD MEMBER	0.15	Director	$0	$0	$0
ANTHONY BERG	BOARD MEMBER	0.15	Director	$0	$0	$0
RENEE KOSIAREK	BOARD MEMBER	0.15	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
2024	$368,616	$272,758	$258,482	$95,858
2023	$249,762	$290,229	$162,624	$-40,467
2022	$271,162	$213,303	$202,401	$57,859

BRIGHTSIDE THEATRE INC