STAR FOUNDATION INC

EIN: 061368773 501(c)(3) Human Services

NORWALK, CT

Total Revenue
$696,621
Total Expenses
$110,317
Total Assets
$3,984,517
Net Assets
$3,893,542
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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
1993
Legal Domicile
CT
Principal Officer
KATIE J BANZHAF
Phone
2038469581
Tax Period
2022-07-01 to 2023-06-30

STAR FOUNDATION INC, founded in 1993, is a small nonprofit in the Human Services sector that reported $697K in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $586K, a strong 84% operating margin.

Mission

TO DIRECT GRANTS TO VARIOUS NONPROFIT ORGANIZATIONS FOR USE IN THEIR ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $584,765
Program Service Revenue $0
Investment Income $111,856
Other Revenue $0
TOTAL REVENUE $696,621

Expense Breakdown

Grants Paid $32,552
Salaries & Benefits $0
Fundraising Expenses $406
Program Expenses $32,552
Other Expenses $77,359
TOTAL EXPENSES $110,317

Year-over-Year Comparison

2022 2021 Change
Revenue $696,621 $508,186 +0.4%
Expenses $110,317 $287,663 -0.6%
Net Income $586,304 $220,523 +1.7%
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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENIS DONEGAN BOARD MEMBER 0.30
Director
$0 $0 $0
JOHN DANAHER TREASURER 0.30
Officer Director
$0 $0 $0
KATIE BANZHAF VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
MICKEY HERBST PRESIDENT 0.30
Officer Director
$0 $0 $0
PETER SAVERINE SECRETARY 0.30
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 No data No data No data No data
2023 $696,621 $110,317 $3,984,517 $586,304
2022 $508,186 $287,663 $3,164,295 $220,523
2021 $401,826 $195,842 $3,084,797 $205,984
2020 $363,964 $253,520 $2,633,630 $110,444
2019 $1,487,337 $601,307 $2,541,945 $886,030
2018 $196,134 $410,315 $1,716,994 $-214,181
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