BRIGHTER WAY INSTITUTE (EIN 811096448) - 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

2016

Legal Domicile

Principal Officer

KRIS VOLCHECK

Phone

6023620744

Tax Period

2024-01-01 to 2024-12-31

BRIGHTER WAY INSTITUTE, founded in 2016, is a community nonprofit in the Health Care sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

BRIGHTER WAY HAS A TRANSFORMATIONAL MISSION TO PROVIDE COMPREHENSIVE ORAL HEALTH CARE FOR VULNERABLE ADULTS, CHILDREN, VETERANS, THOSE EXPERIENCING HOMELESSNESS, AND INDIVIDUALS WITH SPECIAL NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,809,027

Program Service Revenue $2,956,771

Investment Income $4,562

Other Revenue $59,568

TOTAL REVENUE $4,829,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,762,053

Fundraising Expenses $51,951

Program Expenses $4,554,480

Other Expenses $2,144,250

TOTAL EXPENSES $4,906,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,829,928	$3,898,286	+0.2%
Expenses	$4,906,303	$4,768,835	+0.0%
Net Income	$-76,375	$-870,549	-0.9%

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

$295,091

Total Directors

$295,091

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS VOLCHECK	CEO/DENTIST	40.00	Officer Director	$274,388	$20,703	$295,091
CHARLIE CLARK	CHAIR	1.00	Officer Director	$0	$0	$0
GIGI VEASEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LINDA METTLER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TERRY ARAMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CORDTS	DIRECTOR	1.00	Director	$0	$0	$0
JACK DILLENBERG	DIRECTOR	1.00	Director	$0	$0	$0
EMELIE GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
JEAN KALBACHER	DIRECTOR	1.00	Director	$0	$0	$0
ROB LAIZURE SR	DIRECTOR	1.00	Director	$0	$0	$0
CORRIE WORTH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ALLAZETTA	PAST BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT ERICKSON	ORAL SURGEON	40.00	Highest	$294,704	$16,653	$311,357
OMAR BAKIR	DENTIST	40.00	Highest	$179,305	$4,967	$184,272

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	$4,829,928	$4,906,303	$2,163,561	$-76,375
2023	$3,898,286	$4,768,835	$1,981,041	$-870,549
2022	$3,179,031	$4,166,503	$3,033,244	$-987,472
2021	$3,638,688	$3,392,420	$3,716,186	$246,268
2020	$2,129,511	$2,914,038	$3,698,442	$-784,527
2019	$9,224,346	$6,771,397	$4,642,939	$2,452,949
2018	$6,276,659	$6,526,593	$1,836,447	$-249,934

BRIGHTER WAY INSTITUTE