BRIGHTEN ACADEMY INC (EIN 571218112) - 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

2005

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

BRIGHTEN ACADEMY INC, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $10.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $12.3M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE A PRODUCTIVE LEARNING ENVIRONMENT WITH A HIGHLY QUALIFIED STAFF COMMITTED TO USING AN INNOVATIVE RESEARCH BASED INSTRUCTIONAL MODEL THAT PRODUCES MEASURED GROWTH IN EVERY STUDENT EVERY YEAR

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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 $1,368,613

Program Service Revenue $8,867,431

Investment Income $0

Other Revenue $-71,354

TOTAL REVENUE $10,164,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,935,023

Other Expenses $12,312,728

TOTAL EXPENSES $12,312,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,164,690	$8,606,436	+0.2%
Expenses	$12,312,728	$9,527,838	+0.3%
Net Income	$-2,148,038	$-921,402	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA MCDONALD	EXECUTIVE DIRECTOR	0.00	Highest	$155,707	$0	$155,707
CONNIE ARNOLD	ASSISTANT DIRECTOR	40.00	Highest	$109,778	$0	$109,778
JAMILIA SMITH	PRESIDENT	8.00	Officer	$0	$0	$0
CARY CLAIBORNE	BOARD MEMBER	8.00	Officer	$0	$0	$0
REGINALD ZACKERY	TREASURER	8.00	Officer	$0	$0	$0
SHAWN DENTON	BOARD MEMBER	10.00	Officer	$0	$0	$0
DEONA CARTER	VICE PRESIDENT	10.00	Officer	$0	$0	$0
SHAUNCEY BATTLE- WILLIAMS	BOARD MEMBER	8.00	Officer	$0	$0	$0
KRISTEN MOSES	SECRETARY	8.00	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
2025	No data	No data	No data	No data
2024	$10,164,690	$12,312,728	$16,243,526	$-2,148,038
2023	$8,606,436	$9,527,838	$19,279,883	$-921,402
2022	$8,948,235	$8,058,908	$17,160,761	$889,327
2021	$8,342,588	$9,067,706	$17,304,766	$-725,118
2020	$7,623,766	$8,206,378	$16,654,303	$-582,612
2019	$7,508,903	$7,529,257	$15,377,708	$-20,354

BRIGHTEN ACADEMY INC