BRIGHT LIGHTS INC (EIN 470708499) - 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

1987

Legal Domicile

Principal Officer

RENEE FORD

Phone

4024201115

Tax Period

2023-09-01 to 2024-08-31

BRIGHT LIGHTS INC, founded in 1987, is a small nonprofit in the Education sector that reported $535K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $517K left a modest 3% surplus.

Mission

EDUCATION OF YOUNG PEOPLE

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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 $206,244

Program Service Revenue $315,522

Investment Income $12,793

Other Revenue $0

TOTAL REVENUE $534,559

Expense Breakdown

Grants Paid $31,130

Salaries & Benefits $202,746

Fundraising Expenses $1,867

Program Expenses $450,682

Other Expenses $283,526

TOTAL EXPENSES $517,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$534,559	$389,191	+0.4%
Expenses	$517,402	$405,963	+0.3%
Net Income	$17,157	$-16,772	-2.0%

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE FORD	EXECUTIVE DI	40.00	Officer	$85,000	$0	$85,000
KIMBERLY BILDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
HEATHER HOWARD	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
JAY LECHNER	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER MORAND-ACKERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TINA BOYSEN	MEMBER	1.00	Director	$0	$0	$0
BRANDY JOHNSON	MEMBER	1.00	Director	$0	$0	$0
DEREK KAY	MEMBER	1.00	Director	$0	$0	$0
STACY OLSON	MEMBER	1.00	Director	$0	$0	$0
KATIE PETERSEN	MEMBER	1.00	Director	$0	$0	$0
NICK STREMLAU	MEMBER	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	$534,559	$517,402	$1,119,733	$17,157
2023	$389,191	$405,963	$1,022,170	$-16,772
2022	$873,109	$475,925	$943,871	$397,184
2021	$443,603	$492,379	$1,066,476	$-48,776
2020	$197,765	$299,834	$897,049	$-102,069
2019	$459,228	$453,905	$907,975	$5,323
2018	$492,240	$469,819	$910,046	$22,421

BRIGHT LIGHTS INC