BRIGHT FUTURES EARLY LEARNING CENT… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

ALAN POPP MS

Phone

4137346300

Tax Period

2023-01-01 to 2023-12-31

BRIGHT FUTURES EARLY LEARNING CENTER INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $1.6M left a modest 13% surplus.

Mission

TO OPERATE A PRESHOOL PROGRAM TO PROVIDE EDUCATIONAL INSTRUCTION TO PRESCHOOL-AGE CHILDREN AND TO PROVIDE INTER-GERNATIONAL ACTIVITIES FOR SENIORS.

Program Service Accomplishments

Program 1

Expenses: $1,141,870 Revenue: $1,166,639

EARLY EDUCATIONAL INSTRUCTION- THERE ARE FOUR DIFFERENT AGE GROUPS SERVED:INFANT, TODDLER, PRESCHOOL, AND SCHOOL-AGE. INFANT: PROVIDES A LOVING, NURTURING ENVIRONMENT THAT HELPS PROMOTE A FEELING OF BELONGING AND PROMOTES DEVELOPMENT TOWARDS THE CHILD'S FULL POTENTIAL. TODDLER:PROVIDES A WIDE RANGE OF STIMULATING EXPERIENCES THAT RESPOND TO AND EXPAND A CHILD'S NATURAL INQUISITIVENESS. PRESCHOOL: PREPARES CHILDREN SOCIALLY AND ACADEMICALLY FOR KINDERGARTEN, WHILE SUPPORTING AND ENCORAGING THE DEVELOPMENT OF INDEPENDENCE, RESPONSIBILITY AND CONFIDENCE SKILLS THAT AREESSENTIAL TO A CHILD'S ONGOING SUCCESS. SCHOOL-AGE: PROVIDES A SAFE AND SOCIAL ENVIRONMENT WHEN SCHOOL IS NOT IN SESSION THAT SUPPORTS AND ENCOURAGES ACADEMIC DEVELOPMENT ESSENTIAL TO A CHILD'S CONTINUING EDUCATION. AT EACH AGE GROUP, WE PARTNER WITH MASON WRIGHT SENIOR LIVING, INC., A RELATED 501(C)(3) PUBLIC CHARITY. TO BRING INTERGENERATIONAL OPPORTUNITIES THAT ENGAGE SENIORS IN THE CHILDREN'S LEARNING AND EXPERIENCES TO THE BENEFIT OF ALL INVOLVED.TOTAL CAPACITY OF THE CENTER IS 103 CHILDREN; IN 2023, AN AVERAGE OF 85 CHILDREN WERE EDUCATED WEEKLY.

Program 2

Expenses: $275,761 Revenue: $298,541

AUXILIARY SERVICES - TRANSPORTATION TO AND FROM THE CENTER AND DAILY MEALS PROVIDED TO CHILDREN. THE CENTER PROVIDED 12,428 TRANSPORTATION DAYS, WITH AN AVERAGE OF 53 STUDENTS PARTAKING, OR 62% OF...

AUXILIARY SERVICES - TRANSPORTATION TO AND FROM THE CENTER AND DAILY MEALS PROVIDED TO CHILDREN. THE CENTER PROVIDED 12,428 TRANSPORTATION DAYS, WITH AN AVERAGE OF 53 STUDENTS PARTAKING, OR 62% OF OUR ENROLLMENT. TOTAL BREAKFAST, LUNCH AND SNACK MEALS SERVED DURING THE YEAR WERE 43,293 WITH ALL CHILDREN, IN ATTENDANCE, PARTICIPATING OR AN AVERAGE OF 184 MEALS/DAY.

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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 $359,206

Program Service Revenue $1,465,180

Investment Income $1,985

Other Revenue $3,644

TOTAL REVENUE $1,830,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $986,967

Fundraising Expenses $0

Program Expenses $1,417,631

Other Expenses $599,464

TOTAL EXPENSES $1,586,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,830,015	$1,774,975	+0.0%
Expenses	$1,586,431	$1,495,074	+0.1%
Net Income	$243,584	$279,901	-0.1%

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

$497,859

Total Directors

$301,052

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN POPP	PRESIDENT & CEO	5.00	Officer Director	$27,297	$28,087	$301,052
WILLIAM HAWKINS	CHIEF FINANCIAL OFFICER	6.00	Officer	$26,886	$17,564	$196,807
JOHN MORSE	CHAIR	1.00	Officer Director	$0	$0	$0
ALLISON EBNER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF SATTLER	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN MCCOY ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHI DONOHUE	TRUSTEE	1.00	Director	$0	$0	$0
CARLTON PICKRON	TRUSTEE	1.00	Director	$0	$0	$0
EMILY LEONCZYK	TRUSTEE (AS OF 6/23)	1.00	Director	$0	$0	$0
PAUL MARCHESE	TRUSTEE (AS OF 6/23)	1.00	Director	$0	$0	$0
CHERYL STANLEY	TRUSTEE (THROUGH 6/23)	1.00	Director	$0	$0	$0
PAT GRENIER	TRUSTEE (THROUGH 6/23)	1.00	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
2024	No data	No data	No data	No data
2023	$1,830,015	$1,586,431	$571,174	$243,584
2022	$1,774,975	$1,495,074	$439,130	$279,901
2021	$1,177,229	$1,127,728	$508,782	$49,501
2020	$1,151,520	$974,650	$473,652	$176,870
2019	$993,730	$876,453	$441,955	$117,277
2018	$772,946	$750,047	$341,459	$22,899

BRIGHT FUTURES EARLY LEARNING CENTER INC