Brighter Bites Inc (EIN 474070026) - 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

2015

Legal Domicile

Principal Officer

Richard Dachman

Phone

7132599498

Tax Period

2023-01-01 to 2023-12-31

Brighter Bites Inc, founded in 2015, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $14.7M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

Brighter Bites' goal is to improve the long-term health outcomes of those they serve.

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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 $14,495,517

Program Service Revenue $183,060

Investment Income $0

Other Revenue $-2,184

TOTAL REVENUE $14,676,393

Expense Breakdown

Grants Paid $6,410,390

Salaries & Benefits $5,795,997

Fundraising Expenses $333,343

Program Expenses $14,380,975

Other Expenses $2,893,861

TOTAL EXPENSES $15,132,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,676,393	$15,653,626	-0.1%
Expenses	$15,132,611	$15,514,468	0.0%
Net Income	$-456,218	$139,158	-4.3%

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

188

Volunteers

53206

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

$310,263

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Helfman	Founder & Chair	5.00	Officer Director	$0	$0	$0
Benjamin Samuels	Treasurer	1.00	Officer Director	$0	$0	$0
Sue Smith	Secretary	1.00	Officer Director	$0	$0	$0
Melissa Ackerman	Director	1.00	Director	$0	$0	$0
Dr Faiyaz Bhojani	Director	1.00	Director	$0	$0	$0
Chelsea Collins	Director	1.00	Director	$0	$0	$0
Gabby D'Arrigo	Director	1.00	Director	$0	$0	$0
Joel Grade	Director	1.00	Director	$0	$0	$0
Steven Graubart	Director	1.00	Director	$0	$0	$0
Manolo Sanchez	Director	5.00	Director	$0	$0	$0
Shreela Sharma Phd	Founder & Director	1.00	Director	$0	$0	$0
Vic Smith	Director	1.00	Director	$0	$0	$0
Richard Dachman	CEO	40.00	Officer	$180,250	$10,812	$191,062
Gouri Kulkami	Director of Finance	40.00	Officer	$118,164	$1,037	$119,201
Michael Pomeroy	VP of Operations	40.00	Highest	$103,628	$7,288	$110,916

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	No data	No data	No data	No data
2023	$14,676,393	$15,132,611	$3,156,343	$-456,218
2022	$15,653,626	$15,514,468	$3,547,390	$139,158
2021	$11,458,795	$10,515,130	$3,299,189	$943,665
2020	$15,100,127	$14,438,451	$2,375,129	$661,676
2019	$8,224,004	$8,594,880	$1,594,446	$-370,876
2018	$7,295,223	$7,003,462	$1,632,315	$291,761

Brighter Bites Inc