STAR PROGRAM INC (EIN 263634061) - 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

2008

Legal Domicile

Principal Officer

ROBERT WILLIAMS III

Phone

5107827827

Tax Period

2024-07-01 to 2025-06-30

STAR PROGRAM INC, founded in 2008, is a community nonprofit in the Employment sector that reported $3.1M in total revenue in fiscal year 2024. Expenses of $3.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE PROGRAM PROVIDES FUNDING FOR HIGH PERFORMANCE, HIGH VALUE JOB TRAINING IN THE PAINTING, GLAZING, DRYWALL FINISHING AND FLOOR COVERING CRAFTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,803,426

Investment Income $300,202

Other Revenue $0

TOTAL REVENUE $3,103,628

Expense Breakdown

Grants Paid $772,701

Salaries & Benefits $198,164

Fundraising Expenses $0

Other Expenses $2,618,280

TOTAL EXPENSES $3,589,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,103,628	$3,266,850	0.0%
Expenses	$3,589,145	$5,098,922	-0.3%
Net Income	$-485,517	$-1,832,072	-0.7%

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

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

$867,591

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WILLIAMS III	CHAIRMAN/DIRECTOR	0.1	Director	$0	$103,220	$334,444
BRETT DAVIS	DIRECTOR	0.1	Director	$0	$100,339	$284,345
DANIEL LINCOLN	DIRECTOR	0.1	Director	$0	$78,468	$248,802
CHARLES DEL MONTE	DIRECTOR	0.1	Director	$0	$0	$0
FRANK NUNES	DIRECTOR	0.1	Director	$0	$0	$0
TERRY MAYFIELD	SECRETARY/DIRECTOR	0.1	Director	$0	$0	$0
JOSE LUIS RIVERA	DIRECTOR	0.1	Director	$0	$0	$0
TROY NORTANGELO	DIRECTOR	0.1	Director	$0	$0	$0
CASSIE HARKER	DIRECTOR	0.1	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	$3,103,628	$3,589,145	$7,583,565	$-485,517
2024	No data	No data	No data	No data
2023	$2,973,341	$3,672,121	$9,449,497	$-698,780
2022	$3,135,725	$2,651,137	$9,864,827	$484,588
2021	$3,690,917	$3,724,189	$9,873,938	$-33,272
2020	$3,602,521	$2,301,249	$9,878,669	$1,301,272
2019	$3,325,497	$2,355,268	$8,582,930	$970,229
2018	$3,088,113	$2,254,208	$7,489,931	$833,905

STAR PROGRAM INC