STARRY Inc (EIN 043589689) - 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

2001

Legal Domicile

Phone

5123888290

Tax Period

2023-09-01 to 2024-08-31

STARRY Inc, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $7.4M left a modest 8% surplus.

Mission

To nurture children, strengthen families, and restore hope by providing supportive services through counseling, family support, fatherhood, foster care, and adoptive services.

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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 $8,020,632

Program Service Revenue $4,178

Investment Income $52,520

Other Revenue $2,643

TOTAL REVENUE $8,079,973

Expense Breakdown

Grants Paid $19,453

Salaries & Benefits $5,217,929

Fundraising Expenses $183,370

Program Expenses $6,087,343

Other Expenses $2,190,052

TOTAL EXPENSES $7,427,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,079,973	$6,140,912	+0.3%
Expenses	$7,427,434	$5,577,027	+0.3%
Net Income	$652,539	$563,885	+0.2%

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

308

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

$212,382

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cathey Lowe	Chair	1	Officer Director	$0	$0	$0
Aaron Page	Vice Chair	1	Officer Director	$0	$0	$0
Dan Neal	Secretary	1	Officer Director	$0	$0	$0
Coleen Brighton	Trustee	1	Director	$0	$0	$0
Kate Carmichael	Trustee	1	Director	$0	$0	$0
Dr Art Cheng	Trustee	1	Director	$0	$0	$0
Dr Ebony Lang	Trustee	1	Director	$0	$0	$0
Dr Sherece Shavel	Trustee	1	Director	$0	$0	$0
Richard Singleton	CEO, President	40	Officer	$194,339	$18,043	$212,382

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	$8,079,973	$7,427,434	$3,395,202	$652,539
2023	$6,140,912	$5,577,027	$2,569,994	$563,885
2022	$6,011,544	$7,480,526	$1,621,450	$-1,468,982
2021	$3,569,766	$3,705,183	$3,143,999	$-135,417
2020	$5,805,046	$5,687,153	$3,250,112	$117,893
2019	$5,459,814	$5,908,024	$3,054,315	$-448,210
2018	$5,573,045	$5,243,401	$3,443,966	$329,644

STARRY Inc