STORYBRIDGE INC

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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

Chandra Perkins

Phone

8062829082

Tax Period

2023-01-01 to 2023-12-31

STORYBRIDGE INC, founded in 2016, is a small nonprofit in the Education sector that reported $582K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $92K, a strong 16% operating margin.

Mission

The mission of Storybridge is for every child in the Amarillo area to own at least 20 age-appropriate books from birth through elementary school, enters Kindergarten ready to learn to read, and unlocks all the benefits of literacy.

Program Service Accomplishments

Program 1

Expenses: $188,075 Revenue: $0

Program to facilitate the Dolly Parton Imagination Library (DPIL). Storybridge helps to enroll children from birth to 5 years old in the DPIL program and then they are eligible to receive one free...

Program to facilitate the Dolly Parton Imagination Library (DPIL). Storybridge helps to enroll children from birth to 5 years old in the DPIL program and then they are eligible to receive one free book every month until the age of 5. Storybridge pays for the books for the children enrolled and manages the input of information in the DPIL data network. In 2023, there were over 7,700 area children who received monthly books through this program.

Program 2

Expenses: $73,098 Revenue: $0

Storybridge has free book fairs at local Elementary schools and other public community events in Amarillo allowing for the selection of books for school children and their families. During the 2023...

Program 3

Expenses: $58,020 Revenue: $154,000

The Kinderbridge program was established to provide guided playgroups for children ages 0-5 and their caregivers. The program provides free space, crafts, snacks, and instructional items to model...

The Kinderbridge program was established to provide guided playgroups for children ages 0-5 and their caregivers. The program provides free space, crafts, snacks, and instructional items to model reading and creative play that helps to prepare children for kindergarten. This program is provided as a billed service to the local school district's communities. This program is offered 6 times every month with approximately 225 parent/child groups served each month.

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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 $551,402

Program Service Revenue $0

Investment Income $27,967

Other Revenue $2,458

TOTAL REVENUE $581,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,783

Fundraising Expenses $83,161

Program Expenses $329,548

Other Expenses $329,327

TOTAL EXPENSES $490,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$581,827	$799,850	-0.3%
Expenses	$490,110	$347,078	+0.4%
Net Income	$91,717	$452,772	-0.8%

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

150

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent McClure	President	1.00	Officer Director	$0	$0	$0
Katie Niegos	Secretary	0.5	Officer Director	$0	$0	$0
Benton Brister	Treasurer	0.25	Officer Director	$0	$0	$0
Sonja Clark	Director	0.25	Director	$0	$0	$0
Meaghan Collier	Director	0.25	Director	$0	$0	$0
Matt Morgan	Director	1.00	Director	$0	$0	$0
Heather Newman	Director	0.25	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	$581,827	$490,110	$1,202,389	$91,717
2022	$799,850	$347,078	$1,107,672	$452,772
2021	$643,316	$126,093	$657,163	$517,223