Team Bright Side Inc

EIN: 814599905 501(c)(3) Medical Research

Northfield, IL

Total Revenue
$368,815
Total Expenses
$452,714
Total Assets
$401,314
Net Assets
$401,314
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IL
Principal Officer
TRACEY SCHEPPACH
Phone
3126231146
Tax Period
2023-01-01 to 2023-12-31

Team Bright Side Inc, founded in 2016, is a small nonprofit in the Medical Research sector that reported $369K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $453K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO RAISE AND ADMINISTER FUNDS TO SUPPORT THE CUTTING EDGE OF PEDIATRIC CANCER RESEARCH. THE PURPOSE IS TO FUND SUCH RESEARCH IN ORDER TO FIGHT PEDIATRIC CANCER, AS CURRENTLY 300,000 CHILDREN ARE DIAGNOSED WITH CANCER A YEAR. IN THE U.S. MORE KIDS DIE FROM CANCER THAN ANY OTHER DISEASE. TWO-THIRDS OF CHILDREN WHO SURVIVE SUFFER LONG-TERM EFFECTS FROM A BRUTAL TREATMENT PLAN, AND YET ONLY 3 NEW DRUGS HAVE BEEN APPROVED IN 20 YEARS AND LESS THAN 4% OF THE NATIONAL CANCER INSTITUTE FUNDING GOES TO HELP FUND RESEARCH TO FIGHT PEDIATRIC CANCER. THE ORGANIZATION PROVIDES AN EFFECTIVE AND EFFICIENT MECHANISM FOR INDIVIDUALS AND CORPORATIONS TO PARTICIPATE IN HELPING TO RAISE FUNDS TO BE USED IN SUPPORT OF PEDIATRIC CANCER RESEARCH. THE ORGANIZATION DOES THIS BY PROVIDING OPPORTUNITIES FOR SPONSORSHIP OF PARTICIPANTS IN THE CHICAGO TRIATHLON, AS WELL AS BY HOSTING OTHER EVENTS TO AUGMENT DONATIONS TO BE USED FOR THE PURPOSES IDENTIFIED HEREIN. CHARITAB

Program Service Accomplishments

Program 1
Expenses: $81,459

Provide opportunities for sponsorship of participants in the Chicago Triathlon to raise funds to be used in support of pediatric cancer research. Team members receive a personalized workout plan...

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Provide opportunities for sponsorship of participants in the Chicago Triathlon to raise funds to be used in support of pediatric cancer research. Team members receive a personalized workout plan, access to certified coaches, scheduled workouts, and customizable individual fundraising pages. All of these tools are provided to help participants achieve their fundraising goals and keep motivated throughout their training.

Program 2
Expenses: $303,632

Provide charitable grants to organizations to fund direct support of research regarding pediatric cancer.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $359,614
Program Service Revenue $0
Investment Income $9,201
Other Revenue $0
TOTAL REVENUE $368,815

Expense Breakdown

Grants Paid $303,632
Salaries & Benefits $27,000
Fundraising Expenses $59,803
Program Expenses $385,091
Other Expenses $122,082
TOTAL EXPENSES $452,714

Year-over-Year Comparison

2023 2022 Change
Revenue $368,815 $288,026 +0.3%
Expenses $452,714 $274,798 +0.6%
Net Income $-83,899 $13,228 -7.3%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
11

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
6
$27,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NIC RULEY VICE PRESIDENT 25.0
Officer
$27,000 $0 $27,000
TRACEY SCHEPPACH PRESIDENT & EXECUTIVE DIRECTOR 18.0
Officer
$0 $0 $0
RAY SCHEPPACH TREASURER 4.0
Officer
$0 $0 $0
NADIM ABI'ANTOUN ASSISTANT TREASURER 3.0
Officer
$0 $0 $0
SAMANTHA SCHROEPFER SECRETARY 2.0
Officer
$0 $0 $0
KEVIN RITT ASSISTANT SECRETARY 3.0
Officer
$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 $368,815 $452,714 $401,314 $-83,899
2022 $288,026 $274,798 $485,223 $13,228
2021 $268,264 $268,015 $471,995 $249
2020 $67,319 $228,837 $471,746 $-161,518
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