BRIGHT SCHOOLHOUSE (EIN 931599825) - 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

2023

Legal Domicile

Principal Officer

Nicholas Morton

Phone

4062126439

Tax Period

2025-01-01 to 2025-12-31

BRIGHT SCHOOLHOUSE, founded in 2023, is a small nonprofit in the Education sector that reported $304K in total revenue in fiscal year 2025. The organization ran a surplus of $209K, a strong 69% operating margin.

Mission

The mission of Bright Schoolhouse is to operate a Kindergarten through fifth grade microschool for up to 30 students. However, over the course of 2025 it was recognized that this concept was not going to work and the market would not support it. We are in the process of winding-up the operations of Bright Schoolhouse and we will be permanently closing down in the first half of 2026. In the second half of 2025 we were able to find a replacement tenant that the landlord signed a direct lease with, so Bright Schoolhouse no longer has a lease obligation. We were also able to negotiate reduced interest on a loan and then pay off the principal of that loan. Additionally, we sold off all of Bright Schoolhouse's FF&E. These funds, along with significant new funds donated by Nicholas Morton and Allison Morton, who are officers and board members of Bright Schoolhouse, were used to pay off all outstanding liabilities and as of the end of 2025, Bright Schoolhouse has no liabilities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $306,200

Program Service Revenue $0

Investment Income $-2,243

Other Revenue $0

TOTAL REVENUE $303,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,095

Other Expenses $95,185

TOTAL EXPENSES $95,185

Year-over-Year Comparison

	2025	2024	Change
Revenue	$303,957	N/A	N/A
Expenses	$95,185	N/A	N/A
Net Income	$208,772	$0	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
Allison Morton	President	5.00	Officer Director	$0	$0	$0
Nicholas Morton	Treasurer and Vice President	3.00	Officer Director	$0	$0	$0
Cynthia Goodman	Secretary	0.20	Officer 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
2025	$303,957	$95,185	$156	$208,772

BRIGHT SCHOOLHOUSE