STAR-TEC ENTERPRISES INC (EIN 272800023) - 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

1920

Legal Domicile

Principal Officer

REBECCA R BROWN

Phone

7275477340

Tax Period

2024-07-01 to 2025-06-30

STAR-TEC ENTERPRISES INC, founded in 1920, is a small nonprofit in the Community Improvement sector that reported $411K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $887K exceeded revenue, resulting in a 116% operating deficit.

Mission

TO SERVE AS THE FOCAL POINT OF INNOVATIONFOR THE STATE AND THE TAMPA BAY REGION

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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 $173,700

Program Service Revenue $32,021

Investment Income $-2,700

Other Revenue $207,897

TOTAL REVENUE $410,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $402,422

Fundraising Expenses $11,799

Program Expenses $121,545

Other Expenses $472,027

TOTAL EXPENSES $887,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,918	$1,443,615	-0.7%
Expenses	$887,121	$789,166	+0.1%
Net Income	$-476,203	$654,449	-1.7%

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

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

$200,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONYA ELMORE	PRESIDENT CEO	45.00	Director	$200,000	$0	$200,000

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	$410,918	$887,121	$2,574,931	$-476,203
2024	$1,443,675	$789,166	$3,123,619	$654,509
2023	$1,653,097	$562,136	$1,384,348	$1,090,961
2022	$443,885	$466,366	$200,210	$-22,481
2021	$536,031	$402,343	$263,520	$133,688
2020	$401,840	$422,818	$178,393	$-20,978
2019	$432,397	$388,308	$103,546	$44,089

STAR-TEC ENTERPRISES INC