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
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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
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.

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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%)

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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
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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

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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
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