BRIGHT SCHOOL INC

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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

1938

Legal Domicile

Principal Officer

KRISTIN WATTS

Phone

4232678546

Tax Period

2023-06-01 to 2024-05-31

BRIGHT SCHOOL INC, founded in 1938, is a community nonprofit in the Education sector that reported $9.4M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 24% operating margin.

Mission

BRIGHT SCHOOL, THE OLDEST INDEPENDENT ELEMENTARY COEDUCATIONAL SCHOOL IN TENNESSEE, IS COMMITTED TO THE INTELLECTUAL, ARTISTIC, PHYSICAL, AND MORAL GROWTH OF YOUNG BOYS AND GIRLS.

Program Service Accomplishments

Program 1

Expenses: $3,996,196 Revenue: $6,367,375

PROVIDE EXCELLENT EDUCATIONAL INSTRUCTION FOR ELEMENTARY AGE BOYS AND GIRLS

Program 2

Expenses: $1,355,548

MAINTENANCE

Program 3

Expenses: $422,860

SUMMER SCHOOL AND OTHER PROGRAMS

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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 $1,647,634

Program Service Revenue $6,367,375

Investment Income $1,244,924

Other Revenue $116,695

TOTAL REVENUE $9,376,628

Expense Breakdown

Grants Paid $413,665

Salaries & Benefits $4,191,600

Fundraising Expenses $326,571

Program Expenses $5,774,604

Other Expenses $2,478,924

TOTAL EXPENSES $7,084,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,376,628	$7,702,633	+0.2%
Expenses	$7,084,189	$6,741,239	+0.1%
Net Income	$2,292,439	$961,394	+1.4%

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

127

Volunteers

100

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

$223,013

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY RANNALLI	CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT BATSON	TRUSTEE	2.00	Director	$0	$0	$0
APRIL BEAUPAIN	TRUSTEE	2.00	Director	$0	$0	$0
CHASE BULLARD	TRUSTEE	2.00	Director	$0	$0	$0
JONATHON BULLARD	TRUSTEE	2.00	Director	$0	$0	$0
KAMRI BUSBY	TRUSTEE	2.00	Director	$0	$0	$0
PHILIP BYRUM	TRUSTEE	2.00	Director	$0	$0	$0
WILL CONROY	SECRETARY	2.00	Officer Director	$0	$0	$0
RYAN DILLARD	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT JONES	TRUSTEE	2.00	Director	$0	$0	$0
BETSY KATES	TRUSTEE	2.00	Director	$0	$0	$0
MARIA MATTHEWS	TRUSTEE	2.00	Director	$0	$0	$0
AMY MAHONE	TRUSTEE	2.00	Director	$0	$0	$0
BARRY LARGE	TRUSTEE	2.00	Director	$0	$0	$0
TODD PHILLIPS	TRUSTEE	2.00	Director	$0	$0	$0
ANI RIGGS	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL SCEARCE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JILL TICHY	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN TRAUTSCHOLD	TRUSTEE	2.00	Director	$0	$0	$0
CAROLINE WALKER	TRUSTEE	2.00	Director	$0	$0	$0
BRETT WILLIAMS	TRUSTEE	2.00	Director	$0	$0	$0
KRISTIN WATTS	HEAD OF SCHOOL	40.00	Officer	$210,390	$12,623	$223,013

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	$9,376,628	$7,084,189	$23,022,968	$2,292,439
2023	$7,702,633	$6,741,239	$19,962,731	$961,394
2022	$7,512,519	$6,100,190	$20,360,552	$1,412,329
2021	$8,317,558	$5,563,810	$19,691,332	$2,753,748
2020	$7,206,074	$5,716,248	$16,454,416	$1,489,826