BRIGHTWAYS LEARNING (EIN 450492824) - 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

2002

Legal Domicile

Principal Officer

JENNIFER LUTEY

Phone

4065429994

Tax Period

2023-10-01 to 2024-09-30

BRIGHTWAYS LEARNING, founded in 2002, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE RESOURCES AND SUPPORT TO STUDENTS, EDUCATORS AND PARENTS TO IMPROVE LEARNING AND ACHIEVEMENT.

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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 $88,366

Program Service Revenue $1,083,071

Investment Income $11,094

Other Revenue $250

TOTAL REVENUE $1,182,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $837,654

Fundraising Expenses $62,432

Program Expenses $1,144,004

Other Expenses $482,190

TOTAL EXPENSES $1,319,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,182,781	$1,488,865	-0.2%
Expenses	$1,319,844	$1,445,675	-0.1%
Net Income	$-137,063	$43,190	-4.2%

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

$115,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER LUTEY	Executive Dir.	40.00	Officer	$89,259	$25,879	$115,138
KIM TUCKER	President	1.00	Officer Director	$0	$0	$0
RHONDA KNUDSEN	SECRETARY/TREAS	1.00	Officer Director	$0	$0	$0
SCOTT MACMANUS	Director	1.00	Director	$0	$0	$0
LYNDA LEAL PRINCE	Director	1.00	Director	$0	$0	$0
DANIEL LEE	Director	1.00	Director	$0	$0	$0
DIANE RYSSEL	Director	1.00	Director	$0	$0	$0
JESSE DARLING	Director	1.00	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	$1,182,781	$1,319,844	$1,661,263	$-137,063
2023	$1,488,865	$1,445,675	$1,765,984	$43,190
2022	$1,079,364	$975,836	$1,637,605	$103,528
2021	$938,141	$946,904	$1,533,955	$-8,763
2020	$1,003,430	$783,257	$1,494,005	$220,173
2019	$1,357,936	$1,121,746	$1,189,603	$236,190
2018	$1,635,197	$1,457,629	$919,169	$177,568

BRIGHTWAYS LEARNING