Star of the Sea Inc

EIN: 112518728 501(c)(3) Unknown

Jamaica, NY

Total Revenue
$71,512
Total Expenses
$76,109
Total Assets
$11,323
Net Assets
$10,951
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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
1999
Legal Domicile
NY
Principal Officer
Alice Ann Elkin
Phone
7182976288
Tax Period
2024-01-01 to 2024-12-31

Star of the Sea Inc, founded in 1999, is a micro nonprofit in the Unknown sector that reported $72K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

To provide Shelter and counseling to homeless and low income persons and to prevent homelessness.

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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 $19,800
Program Service Revenue $0
Investment Income $12
Other Revenue $51,700
TOTAL REVENUE $71,512

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,298
Fundraising Expenses $0
Program Expenses $41,155
Other Expenses $53,811
TOTAL EXPENSES $76,109

Year-over-Year Comparison

2024 2023 Change
Revenue $71,512 $44,258 +0.6%
Expenses $76,109 $67,044 +0.1%
Net Income $-4,597 $-22,786 -0.8%
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
4
Independent Members
2
Employees
2
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
$21,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Altman Assoc Financial Officer 040.00
Director
$14,400 $0 $14,400
Alice Ann Elkin Financial Secretary 040.00
Director
$7,200 $0 $7,200
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 $71,512 $76,109 $11,323 $-4,597
2023 $44,258 $67,044 $15,920 $-22,786
2022 $52,803 $69,652 $38,706 $-16,849
2021 $61,859 $79,957 $55,555 $-18,098
2020 $64,119 $77,598 $73,653 $-13,479
2019 $45,732 $81,953 $87,132 $-36,221
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