BRIGHTLANE LEARNING CORP (EIN 352151003) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

CHAD CASSINELLI

Phone

3172029100

Tax Period

2023-07-01 to 2024-06-30

BRIGHTLANE LEARNING CORP, founded in 2001, is a community nonprofit in the Education sector that reported $7.4M in total revenue in fiscal year 2023. Revenue surged 218% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 71% operating margin.

Mission

BRIGHTLANE LEARNING ADDRESSES THE PROBLEM OF CHILDHOOD HOMELESSNESS WITH THE POWER OF EDUCATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,454,904

Program Service Revenue $0

Investment Income $60,302

Other Revenue $-127,051

TOTAL REVENUE $7,388,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,645,997

Fundraising Expenses $339,143

Program Expenses $1,575,009

Other Expenses $491,774

TOTAL EXPENSES $2,137,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,388,155	$2,326,147	+2.2%
Expenses	$2,137,771	$1,917,829	+0.1%
Net Income	$5,250,384	$408,318	+11.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

324

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

$193,717

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD CASSINELLI	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ERIK LONG	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
GBILE ADEWUNMI	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON SEGARRA HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY MORRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
KIM BORGES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROMAN GRAFF	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG CARPENTER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LINDA GUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY WOLFINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHY GEORGE	TREASURER	2.00	Officer Director	$0	$0	$0
BLAIR WEST	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT THIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY BINDLEY MILLMAN	FOUNDER & CEO	30.00	Officer	$84,234	$4,275	$88,509
KELLY COKER	CHIEF OPERATING OFFICER	40.00	Officer	$100,168	$5,040	$105,208

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	$7,388,155	$2,137,771	$9,167,119	$5,250,384
2023	$2,326,147	$1,917,829	$3,731,420	$408,318
2022	$1,843,803	$1,776,159	$2,630,643	$67,644
2021	$1,690,910	$1,215,310	$2,488,592	$475,600
2020	$1,124,360	$1,149,329	$1,838,261	$-24,969
2019	$1,849,036	$990,655	$1,683,360	$858,381
2018	$930,319	$970,429	$815,793	$-40,110

BRIGHTLANE LEARNING CORP