BRIGHT SCHOOL INC

EIN: 620476284 501(c)(3) Education

CHATTANOOGA, TN

Total Revenue
$9,376,628
Total Expenses
$7,084,189
Total Assets
$23,022,968
Net Assets
$21,431,042
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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
TN
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

SCHOOL COMMITTED TO BUILDING A FOUNDATION TO BECOME WISE AND COMPASSIONATE CITIZENS OF THE WORLD

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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 (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

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Governance

Voting Members
21
Independent Members
21
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
4
$223,013
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
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
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