BRIGHT BEGINNINGS FAMILY CHILDCARE INC (EIN 824132807) - 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

2019

Legal Domicile

Principal Officer

RAMAL TAYLOR

Tax Period

2023-01-01 to 2023-12-31

BRIGHT BEGINNINGS FAMILY CHILDCARE INC, founded in 2019, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

PROVIE CHILDCARE SERVICES FOR FAMILIIES SO THAT PARENTS ARE ABLE TO WORK TO PROVIDE SUBSTANTIVE SUPPORT AND INCOME FOR THEIR CHILDREN

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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 $22,250

Program Service Revenue $1,328,883

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,351,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $708,932

Fundraising Expenses $10,200

Program Expenses $1,270,697

Other Expenses $624,110

TOTAL EXPENSES $1,343,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,351,133	$1,313,282	+0.0%
Expenses	$1,343,242	$1,097,211	+0.2%
Net Income	$7,891	$216,071	-1.0%

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

N/A

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
RAMAL TAYLOR	EXECUTIVE DIRECTOR	030.00	Director	$0	$0	$0
EDWARD LOCKMAN	OFFICER	005.00	Officer	$0	$0	$0
TASHA OUTLAW	OFFICER	005.00	Officer	$0	$0	$0
JOAN MCCLENDON	OFFICER	005.00	Officer	$0	$0	$0
ERICA LEFEVER	OFFICER	005.00	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
2024	No data	No data	No data	No data
2023	$1,351,133	$1,343,242	$439,093	$7,891
2022	$1,313,282	$1,097,211	$431,202	$216,071
2021	$1,070,613	$732,448	$215,131	$338,165
2020	$475,982	$450,680	$222,505	$25,302
2019	$372,814	$334,498	$213,203	$38,316

BRIGHT BEGINNINGS FAMILY CHILDCARE INC