Brightway Center Inc (EIN 311634850) - 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

1997

Legal Domicile

Principal Officer

George Spack

Phone

3303328905

Tax Period

2022-01-01 to 2022-12-31

Brightway Center Inc, founded in 1997, is a small nonprofit that reported $383K in total revenue in fiscal year 2022. Revenue surged 136% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 233% operating deficit.

Mission

Brightway Center provides an environment for people to come together through culturally relevant athletic programs and Biblical studies to develop Christian values, growth, and leadership.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,220

Program Service Revenue $0

Investment Income $226,345

Other Revenue $155,794

TOTAL REVENUE $383,359

Expense Breakdown

Grants Paid $1,222,254

Salaries & Benefits $1,751

Fundraising Expenses $0

Program Expenses $1,222,254

Other Expenses $52,863

TOTAL EXPENSES $1,276,868

Year-over-Year Comparison

	2022	2021	Change
Revenue	$383,359	$162,769	+1.4%
Expenses	$1,276,868	$459,352	+1.8%
Net Income	$-893,509	$-296,583	+2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Swires Jr	Vice-Chairman	1.00	Officer	$0	$0	$0
George Spack	Treasurer	2.00	Officer	$0	$0	$0
Clifton Spinner	Chairman of Board	1.00	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
2022	$383,359	$1,276,868	No data	$-893,509
2021	$162,769	$459,352	$893,777	$-296,583
2020	$99,787	$260,343	$1,238,944	$-160,556
2019	$25,522	$374,071	$1,370,222	$-348,549
2018	$271,553	$528,298	$1,586,236	$-256,745

Brightway Center Inc