BRIGHT INVENTION INC

EIN: 452555243 501(c)(3)

Philadelphia, PA

Total Revenue
$72,668
Total Expenses
$120,992
Total Assets
N/A
Net Assets
N/A
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
PA
Principal Officer
Benjamin Lloyd
Phone
6108640317
Tax Period
2022-07-01 to 2023-06-30

BRIGHT INVENTION INC, founded in 2011, is a micro nonprofit that reported $73K in total revenue in fiscal year 2022. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 66% operating deficit.

Mission

Bright Invention, Inc. uses improvisation to empower individuals and organizations to unlock their potential.

Program Service Accomplishments

Program 1
Expenses: $10,717 Revenue: $355

Bright Invention Ensemble: Bright Invention's' in-house Long-form Improv acting ensemble made up of Actors from the Greater Philadelphia area. It's members not only participate in stand-alone...

Read more

Bright Invention Ensemble: Bright Invention's' in-house Long-form Improv acting ensemble made up of Actors from the Greater Philadelphia area. It's members not only participate in stand-alone performances, but also make up a majority of the teaching staff for the educational programs, and serve as the active performers and staff for all of Bright Invention's special events, community and outreach programs, and corporate training. They are the working creative body of Bright Invention.

Program 2
Expenses: $6,290 Revenue: $9,442

Education and Events - Bright Invention's educational programs are targeted at the community with an emphasis on education for special needs individuals, who don't have access to theater training and...

Read more

Education and Events - Bright Invention's educational programs are targeted at the community with an emphasis on education for special needs individuals, who don't have access to theater training and educational programs. Bright Invention is able to engage our community and under-served communities through these types of programs, as well as special programs and performances for other organizations within our community, bringing the performative arts to some places that do not have access to them.

Program 3
Expenses: $40,764 Revenue: $13,400

Creative Corporate Training - A program within the Bright Invention initiative that seeks to educate professionals in the corporate world on how to more effectively communicate and listen to one...

Read more

Creative Corporate Training - A program within the Bright Invention initiative that seeks to educate professionals in the corporate world on how to more effectively communicate and listen to one another through use of Bright Invention Ensemble members and improv based exercises and demonstrations. The initiative seeks to not only grow Bright Invention's brand within the community at large, but also bring the natural skills of artists into the corporate landscape to help professionals better understand how to work as a cohesive unit and increase their productivity through a better understanding of how to be an effective leader and communicator.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $49,459
Program Service Revenue $23,197
Investment Income $12
Other Revenue $0
TOTAL REVENUE $72,668

Expense Breakdown

Grants Paid $250
Salaries & Benefits $86,253
Fundraising Expenses $448
Program Expenses $57,771
Other Expenses $34,489
TOTAL EXPENSES $120,992

Year-over-Year Comparison

2022 2021 Change
Revenue $72,668 $138,863 -0.5%
Expenses $120,992 $152,845 -0.2%
Net Income $-48,324 $-13,982 +2.5%
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

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
5

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
4
$81,095
Total Directors
0
$0
Key Employees
2
$81,095
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Benjamin Lloyd Executive Director 40
Officer Key Emp Highest
$67,500 $1,295 $68,795
Robert Stineman Director of Finance/Acting Treasurer 10
Officer Key Emp
$12,000 $300 $12,300
Jamie Cooperstein Board President 1
Officer
$0 $0 $0
Joshua Park Vice President 1
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
2023 $72,668 $120,992 No data $-48,324
2022 $138,863 $152,845 $87,076 $-13,982
2021 $73,863 $154,766 $78,724 $-80,903
2020 $244,054 $127,950 $159,021 $116,104
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BRIGHT INVENTION INC with other nonprofits in Pennsylvania and across the country.