BRAINATION INC (EIN 742869255) - 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

1999

Legal Domicile

Principal Officer

JENNIFER ROWER

Phone

2106385017

Tax Period

2023-09-01 to 2024-08-31

BRAINATION INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $13.3M in total revenue in fiscal year 2023.

Mission

THE SCHOOL PROVIDES INNOVATIVE APPROACHES TO MEET INDIVIDUAL NEEDS OF K-12 STUDENTS WITH VARIOUS BACKGROUNDS INCLUDING A SUBSTANTIAL AT-RISK POPULATION. SCHOOLS HELP STUDENTS BECOME EXPERT LEARNERS AND LEADERS, ENCOURAGING STUDENTS TO LEAD PRINCIPLE-CENTERED LIVES, AND INSPIRING STUDENTS TO BELONG, FIND JOY, AND BE GREAT.

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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 $12,432,066

Program Service Revenue $594,903

Investment Income $300,325

Other Revenue $0

TOTAL REVENUE $13,327,294

Expense Breakdown

Grants Paid $190,000

Salaries & Benefits $8,991,384

Fundraising Expenses $0

Program Expenses $11,872,711

Other Expenses $4,591,939

TOTAL EXPENSES $13,773,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,327,294	$13,482,375	0.0%
Expenses	$13,773,323	$14,654,921	-0.1%
Net Income	$-446,029	$-1,172,546	-0.6%

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

171

Volunteers

204

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

$605,349

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE WEST	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPHINE HURTADO	BOARD MEMBER	1.00	Director	$0	$0	$0
OTIS SCOTT JR	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
DR ALAN HOLDEN	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHELLEY MCCULLOCH	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DR KENNETH WHITT	SUPERINTENDENT	40.00	Officer	$186,536	$15,120	$201,656
JENNIFER TRINIDAD ROWER	CEO	40.00	Officer	$178,880	$10,808	$189,688
JENNIFER SWISHER	CHRO	40.00	Officer	$111,515	$3,008	$114,523
SELENA JONES	CFO (THRU 2/2024)	40.00	Officer	$98,354	$1,128	$99,482
JUSTIN L JOHNSTON	ASSISTANT SUPERINTENDENT	40.00	Highest	$126,299	$4,712	$131,011
GWYN K ROLLINS	DIRECTOR OF ACADEMIC PROGRAMS	40.00	Highest	$118,625	$3,008	$121,633
ALETHEA R PHILLIPS	EXECUTIVE DIR OF SPECIAL PROGRAMS	40.00	Highest	$118,300	$0	$118,300
CHARLES D WINKLER	DIRECTOR OF TECHNOLOGY	40.00	Highest	$107,773	$4,712	$112,485

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	$13,327,294	$13,773,323	$60,120,880	$-446,029
2023	$13,482,375	$14,654,921	$30,465,704	$-1,172,546
2022	$13,849,377	$13,291,842	$31,572,841	$557,535
2021	$17,109,722	$12,786,507	$31,349,196	$4,323,215
2020	$18,224,591	$17,654,001	$29,740,518	$570,590
2019	$18,559,252	$17,656,663	$26,246,814	$902,589
2018	$18,608,179	$16,970,745	$25,661,273	$1,637,434

BRAINATION INC