Start Bright Inc

EIN: 850770365 501(c)(3)

Hiram, GA

Total Revenue
$1,361,723
Total Expenses
$1,352,420
Total Assets
$110,605
Net Assets
$43,905
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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
2020
Phone
7709430058
Tax Period
2024-01-01 to 2024-12-31

Start Bright Inc, founded in 2020, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

To provide affordable child care services to the low income.

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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 (2024)

Revenue Breakdown

Contributions & Grants $47,757
Program Service Revenue $1,313,966
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,361,723

Expense Breakdown

Grants Paid $0
Salaries & Benefits $987,246
Fundraising Expenses $0
Program Expenses $1,046,607
Other Expenses $365,174
TOTAL EXPENSES $1,352,420

Year-over-Year Comparison

2024 2023 Change
Revenue $1,361,723 $1,166,307 +0.2%
Expenses $1,352,420 $989,433 +0.4%
Net Income $9,303 $176,874 -0.9%
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

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Governance

Voting Members
2
Independent Members
2
Employees
64
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
0
$0
Total Directors
2
$70,615
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Larry Jones CEO 40
Director
$0 $0 $0
Donald Byrd Officer 40
Director
$70,615 $0 $70,615
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 $1,361,723 $1,352,420 $110,605 $9,303
2023 $1,166,307 $1,055,006 $120,492 $111,301
2021 $671,113 $710,955 $32,896 $-39,842
2020 $266,917 $215,308 $61,609 $51,609
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