Brillare Beauty Institute Brillare Beauty Institute (EIN 640876425) - 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

1996

Legal Domicile

Principal Officer

KARL PETERSEN

Phone

4234763742

Tax Period

2023-01-01 to 2023-12-31

Brillare Beauty Institute Brillare Beauty Institute, founded in 1996, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Brillare Beauty Institute is a school providing education in cosmetology aesthetics and instructor training

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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 $0

Program Service Revenue $2,670,196

Investment Income $0

Other Revenue $326,231

TOTAL REVENUE $2,996,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,562,029

Fundraising Expenses $0

Program Expenses $3,398,601

Other Expenses $1,415,203

TOTAL EXPENSES $2,977,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,996,427	$2,655,731	+0.1%
Expenses	$2,977,232	$2,642,677	+0.1%
Net Income	$19,195	$13,054	+0.5%

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

$123,876

Total Directors

$132,705

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL J PETERSEN	President	40.00	Officer	$123,299	$577	$123,876
MICHAEL SMITH	Director	40.00	Director	$131,635	$1,070	$132,705
DIANE M PETERSEN	Board Member	1.000	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	No data	No data	No data	No data
2023	$2,996,427	$2,977,232	$2,211,661	$19,195
2022	$2,655,731	$2,642,677	$2,107,358	$13,054
2021	$2,779,261	$2,675,277	$1,097,021	$103,984
2020	$1,500,660	$1,451,398	$626,237	$49,262
2019	$763,367	$822,551	$217,942	$-59,184

Brillare Beauty Institute Brillare Beauty Institute