BRIGHT FUTURES ACADEMY CHARTER SCHOOL INC (EIN 651088412) - 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

2014

Legal Domicile

Principal Officer

HENRY DIGICIANTO

Phone

5612537504

Tax Period

2021-07-01 to 2022-06-30

BRIGHT FUTURES ACADEMY CHARTER SCHOOL INC, founded in 2014, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2021. Revenue decreased 10% compared to the prior year.

Mission

To operate a charter public school from 9th to 12th grade.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,622,361

Program Service Revenue $61,720

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,684,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $985,352

Fundraising Expenses $1,930

Program Expenses $1,510,775

Other Expenses $770,805

TOTAL EXPENSES $1,756,157

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,684,081	$1,864,136	-0.1%
Expenses	$1,756,157	$1,840,269	0.0%
Net Income	$-72,076	$23,867	-4.0%

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

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

$78,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lawrence Larmer	Chairman	2.00	Officer	$0	$0	$0
Fhelt Brown	Vice Chairman	2.00	Officer	$0	$0	$0
Irma Vicuna	Director	2.00	Director	$0	$0	$0
Henry DiGiacinto	Chief Executive Officer	40.00	Key Emp Highest	$78,000	$0	$78,000
Reginald Maton	Director	2.00	Director	$0	$0	$0
Carolyn Taylor	Director	2.00	Director	$0	$0	$0
Matthew Russell	Director	2.00	Director	$0	$0	$0
Nickolas Panarella	Director	2.00	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
2022	$1,684,081	$1,756,157	$462,045	$-72,076
2021	$1,864,136	$1,840,269	$523,682	$23,867
2020	$1,743,290	$1,530,148	$656,084	$213,142
2018	$2,162,726	$2,624,436	$513,584	$-461,710

BRIGHT FUTURES ACADEMY CHARTER SCHOOL INC