STARTOUT

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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

2009

Legal Domicile

Principal Officer

BRIAN RICHARDSON

Phone

4153055090

Tax Period

2023-01-01 to 2023-12-31

STARTOUT, founded in 2009, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

STARTOUT EXECUTES ITS MISSION AND SERVES ITS BENEFICIARIES THROUGH A FULL SUITE OF PROGRAMS CRITICAL TO AN ENTREPRENEUR'S SUCCESS, SUPPORTED BY AN INDUSTRY-LEADING ONLINE PLATFORM. PROGRAMS TO ACCELERATE THE SUCCESS OF STARTOUT ENTREPRENEURS ARE CLUSTERED IN FOUR AREAS: COMMUNITY BUILDING INCLUDES NETWORKING EVENTS, OUR NETWORQ AND FORUM; SKILL DEVELOPMENT INCLUDE MENTORSHIP, OFFICE HOURS, AND EDUCATIONAL EVENT; ACCESS TO CAPITAL INCLUDE OUR GROWTH LAB ACCELERATOR AND INVESTOR PORTAL; AND THOUGHT LEADERSHIP INCLUDE OUR RESEARCH PROJECT, THE STARTOUT PRIDE ECONOMIC IMPACT INDEX, SIGNATURE EVENTS, AND EDUCATION FOR LGBTQ+ ENTREPRENEURS AND INVESTORS.

Program Service Accomplishments

Program 1

Expenses: $1,863,418 Revenue: $353,889

CREATING PROGRAMMING OPPORTUNITIES THAT BUILD ENTREPRENEURIAL SKILLS AND KNOWLEDGE. WE CREATE A WIDE RANGE OF PROGRAMMING TO HELP PEOPLE DEVELOP AND BUILD BUSINESSES, THEREBY INCREASING THE...

CREATING PROGRAMMING OPPORTUNITIES THAT BUILD ENTREPRENEURIAL SKILLS AND KNOWLEDGE. WE CREATE A WIDE RANGE OF PROGRAMMING TO HELP PEOPLE DEVELOP AND BUILD BUSINESSES, THEREBY INCREASING THE PREVALENCE OF ENTREPRENEURSHIP IN THE LGBT COMMUNITY.

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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 $1,908,874

Program Service Revenue $353,889

Investment Income $-1,486

Other Revenue $112

TOTAL REVENUE $2,261,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,024,469

Fundraising Expenses $544,143

Program Expenses $1,863,418

Other Expenses $605,695

TOTAL EXPENSES $2,630,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,261,389	$3,027,252	-0.3%
Expenses	$2,630,164	$2,714,911	0.0%
Net Income	$-368,775	$312,341	-2.2%

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
CHRIS FRALEY	TREASURER	1.00	Officer Director	$0	$0	$0
LORENZO THIONE	DIRECTOR	1.00	Director	$0	$0	$0
JT BATSON	DIRECTOR	1.50	Director	$0	$0	$0
MOHIT JOLLY	CO-VICE CHAIR	1.00	Director	$0	$0	$0
TOM GAYNOR	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA TANNER	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENT REINHARD	DIRECTOR	1.00	Director	$0	$0	$0
WASIM AHMAD	CO-VICE CHAIR	1.00	Director	$0	$0	$0
GENESIS GARCIA	GOVERNANCE COMMITTEE CO-CH	1.50	Director	$0	$0	$0
LORINE PENDLETON	AUDIT COMMITTEE CHAIR	4.00	Director	$0	$0	$0
CARLA HENDRA	DIRECTOR	1.00	Director	$0	$0	$0
EMILY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH VARNER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SCHNEIER	DIRECTOR	1.00	Director	$0	$0	$0
HERNAN LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN RICHARDSON	CEO	4.00	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
2024	No data	No data	No data	No data
2023	$2,261,389	$2,630,164	$1,099,703	$-368,775
2022	$3,027,252	$2,714,911	$1,983,127	$312,341
2021	$2,352,420	$1,592,802	$1,598,933	$759,618
2020	$1,317,355	$1,048,103	$803,710	$269,252
2019	$1,336,909	$1,324,246	$545,252	$12,663
2018	$904,857	$815,394	$512,486	$89,463