STARTOUT (EIN 264634162) - 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

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

FOUNDED IN 2009, STARTOUT IS A NATIONAL 501(C)(3) NON PROFIT ORGANIZATION SUPPORTING LGBTQ+ ENTREPRENEURS. STARTOUT'S MISSION IS TO ACCELERATE THE GROWTH OF THE LGBTQ+ COMMUNITY TO DRIVE ITS ECONOMIC EMPOWERMENT, BUILDING A WORLD WHERE EVERY LGBTQ+ ENTREPRENEUR HAS EQUAL ACCESS TO LEAD, SUCCEED, AND SHAPE THE WORKFORCE OF THE FUTURE. THE ORGANIZATION HAS GROWN TO OVER 21,000 MEMBERS AND DEVELOPED A TRACK RECORD OF DRIVING IMPACT IN OUR 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

STARTOUT