Start Easy Eagle Development (EIN 260744323) - 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

2006

Legal Domicile

Principal Officer

Michelle Borden

Phone

9736862241

Tax Period

2023-07-01 to 2024-06-30

Start Easy Eagle Development, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $451K in total revenue in fiscal year 2023. Expenses of $719K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO PROVIDE AFFORDABLE LOW-INCOME HOUSING TO CLIENTS OF OTHER NOT-FOR-PROFIT ENTITIES, AS WELL AS TO ACQUIRE, REHABILITATE, AND DEVELOP SUCH HOUSING TO ENHANCE ITS OPERATIONS.

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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 $243,757

Program Service Revenue $169,916

Investment Income $241

Other Revenue $37,415

TOTAL REVENUE $451,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $651,191

Other Expenses $718,759

TOTAL EXPENSES $718,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$451,329	$442,063	+0.0%
Expenses	$718,759	$693,267	+0.0%
Net Income	$-267,430	$-251,204	+0.1%

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

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

$212,156

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L MICHELLE BORDEN	CEO	0.0	Officer	$0	$4,464	$142,848
MARC MACKIN	CFO	0.0	Officer	$0	$4,555	$69,308
D ANNE WOLFE	PRESIDENT	1.0	Officer Director	$0	$0	$0
BARBARA PENHALE	TREASURER	1.0	Officer Director	$0	$0	$0
MARIE EPISALE	SECRETARY	1.0	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
2024	$333,018	$331,682	$5,887,794	$1,336
2024	$451,329	$718,759	$5,968,895	$-267,430
2023	$442,063	$693,267	$6,179,280	$-251,204
2022	$487,859	$654,252	$6,424,743	$-166,393
2021	$675,579	$642,379	$6,546,703	$33,200
2020	$449,345	$661,013	$7,047,998	$-211,668
2019	$433,706	$590,872	$7,296,494	$-157,166
2018	$538,292	$594,845	$7,011,870	$-56,553

Start Easy Eagle Development