BRiTE Wellness 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

2019

Legal Domicile

Principal Officer

James Becker

Phone

4114042405

Tax Period

2021-01-01 to 2021-12-31

BRiTE Wellness Inc, founded in 2019, is a small nonprofit in the Human Services sector that reported $229K in total revenue in fiscal year 2021. The organization ran a surplus of $35K, a strong 15% operating margin.

Mission

The BRiTE Brain Training and Exercise Center mission is to promote the overall health and wellness of older adults who want to optimize their level of cognitive, social, and physical functioning.

Program Service Accomplishments

Program 1

Expenses: $142,653 Revenue: $42,255

Brite Wellness provided over 450 classes both virtual and in person. Each class had an average of 14 members per class.

Program 2

Expenses: $41,900 Revenue: $41,900

75% of our members have a reduced rate based on their ability to pay. These reduced rates were subsidized by scholarships.

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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 (2021)

Revenue Breakdown

Contributions & Grants $186,261

Program Service Revenue $42,255

Investment Income $127

Other Revenue $0

TOTAL REVENUE $228,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,356

Fundraising Expenses $0

Program Expenses $184,553

Other Expenses $151,979

TOTAL EXPENSES $193,335

Year-over-Year Comparison

	2021	2020	Change
Revenue	$228,643	N/A	N/A
Expenses	$193,335	N/A	N/A
Net Income	$35,308	N/A	N/A

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

N/A

Employees

N/A

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
James Becker PhD	CEO	10.00	Officer	$0	$0	$0
Oscar Lopez PhD	Director	10.00	Officer	$0	$0	$0
Paul McComb	Treasurer	0.00	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
2021	$228,643	$193,335	$90,463	$35,308