STAR LITE INC A NONPROFIT (EIN 223548248) - 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

1997

Legal Domicile

Principal Officer

CLAIRE SEBOROWSKI

Phone

2018230700

Tax Period

2023-01-01 to 2023-12-31

STAR LITE INC A NONPROFIT, founded in 1997, is a micro nonprofit in the Recreation & Sports sector that reported $452 in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $15K exceeded revenue, resulting in a 3219% operating deficit.

Mission

THE ORGANIZATION WAS CREATED TO SERVE THE RECREATIONAL NEEDS OF THE LOCAL COMMUNITY BY CREATING AN ENVIRONMENT IN WHICH INDIVIDUALS CAN GROW TO THEIR FULLEST IN LIFE, USING ALL THINGS NECESSARY, USEFUL OR INCIDENTAL FOR THE ACCOMPLISHMENT OR FUTHERENCE OF SAID PURPOSES. THE ORGANIZATION MAY ALSO ENGAGE IN ANY ACTIVITY WITHIN THE PURPOSES FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE NEW JERSEY NONPROFIT CORPORATION ACT.

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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 $0

Program Service Revenue $0

Investment Income $452

Other Revenue $0

TOTAL REVENUE $452

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,000

Other Expenses $0

TOTAL EXPENSES $15,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$452	$1,063	-0.6%
Expenses	$15,000	N/A	N/A
Net Income	$-14,548	$1,063	-14.7%

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

Governance

Voting Members

Independent Members

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
VICTOR ORTIZ	PRESIDENT	10.00	Officer Director	$0	$0	$0
CLAIRE SEBOROWSKI	VICE PRESIDENT/TREASURER	10.00	Officer Director	$0	$0	$0
JUDY WADDLETON	SECRETARY	5.00	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
2023	$452	$15,000	$989,229	$-14,548
2022	$1,063	No data	$1,003,777	No data
2021	$1,010,382	$8,627	$1,032,910	$1,001,755

STAR LITE INC A NONPROFIT