BRIGHT BEGINNINGS (EIN 841382420) - 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

1995

Legal Domicile

Principal Officer

KATHERINE S RICHARDSON MD

Phone

3034336200

Tax Period

2023-01-01 to 2023-12-31

BRIGHT BEGINNINGS, founded in 1995, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 64% operating deficit.

Mission

BRIGHT BY TEXT HELPS ALL FAMILIES GIVE KIDS A BRIGHT BEGINNING SO THEY CAN GROW INTO HEALTHY, HAPPY, AND SUCCESSFUL ADULTS.

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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 $448,074

Program Service Revenue $621,693

Investment Income $151,659

Other Revenue $155

TOTAL REVENUE $1,221,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $900,498

Fundraising Expenses $97,068

Program Expenses $1,548,473

Other Expenses $1,104,047

TOTAL EXPENSES $2,004,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,221,581	$1,654,389	-0.3%
Expenses	$2,004,545	$1,937,651	+0.0%
Net Income	$-782,964	$-283,262	+1.8%

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

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

$337,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA DEMAREST	DIRECTOR	2.00	Director	$0	$0	$0
DAVE MESKO	DIRECTOR	2.00	Director	$0	$0	$0
RUPEN PATEL	DIRECTOR	2.00	Director	$0	$0	$0
GREG GOSSETT	CHAIR	2.00	Officer Director	$0	$0	$0
TIM MCCORMACK	TREASURER	2.00	Officer Director	$0	$0	$0
LAUREN KLOSTERMANN	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHERINE S RICHARDSON MD	PRESIDENT &	40.00	Officer	$151,999	$5,368	$157,367
JODIE FISHMAN	CONTENT DEVE	40.00	Highest	$129,835	$0	$129,835
JEAN B MCSPADDEN	CEO 1/2023	40.00	Officer	$117,780	$3,230	$121,010
RACHEL S GUDGEL	VP OF FINANC	40.00	Officer	$53,421	$5,456	$58,877

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	$1,221,581	$2,004,545	$4,049,925	$-782,964
2022	$1,654,389	$1,937,651	$4,887,777	$-283,262
2021	$2,211,448	$1,764,905	$5,071,779	$446,543
2020	$2,050,660	$1,607,463	$4,546,075	$443,197
2019	$2,388,358	$1,677,089	$3,951,175	$711,269
2018	$2,791,037	$1,493,287	$3,165,843	$1,297,750

BRIGHT BEGINNINGS