Bright Starz Learning Center (EIN 352554324) - 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

2016

Legal Domicile

Principal Officer

Kim C Hargrave

Phone

3362265748

Tax Period

2024-01-01 to 2024-12-31

Bright Starz Learning Center, founded in 2016, is a small nonprofit in the Human Services sector that reported $516K in total revenue in fiscal year 2024. Expenses of $593K exceeded revenue, resulting in a 15% operating deficit.

Mission

The Center strives to provide a safe, healthy and nurturing environment in a way that helps children grow, discover and learn through a variety of age and developmentally appropriate experiences.

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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 $17,720

Program Service Revenue $487,791

Investment Income $0

Other Revenue $10,785

TOTAL REVENUE $516,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,073

Fundraising Expenses $0

Program Expenses $468,861

Other Expenses $145,159

TOTAL EXPENSES $593,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$516,296	$483,891	+0.1%
Expenses	$593,232	$512,030	+0.2%
Net Income	$-76,936	$-28,139	+1.7%

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

$53,893

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Hargrave	Director	40.00	Director	$53,893	$0	$53,893
Patricia Harris	Board Chair	0.00	Director	$0	$0	$0
Eboni Lanier	Board Member	0.00	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	$516,296	$593,232	$78,398	$-76,936
2023	$483,891	$512,030	$3,644	$-28,139
2022	$545,974	$588,035	$25,185	$-42,061
2021	$416,136	$459,099	$66,204	$-42,963
2020	$504,049	$395,788	$104,373	$108,261
2019	$411,887	$410,998	$3,248	$889
2018	$357,843	$359,629	$2,907	$-1,786

Bright Starz Learning Center