BRIGHT SCHOOLHOUSE

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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 as originally planned 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. Most wind-up tasks have already been completed as of March 10, 2026.

Program Service Accomplishments

Program 1

Expenses: $95,095 Revenue: $0

We were able to successfully enroll three new students, who would have begun school in September 2025. However, given the lack of additional enrollment we let them know we would not be opening and...

We were able to successfully enroll three new students, who would have begun school in September 2025. However, given the lack of additional enrollment we let them know we would not be opening and refunded deposits, so that they could seek education elsewhere.

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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