STAR OF THE SEA FOUNDATION INC (EIN 300496670) - 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

MORGAN TRACEY

Phone

4107038212

Tax Period

2024-01-01 to 2024-12-31

STAR OF THE SEA FOUNDATION INC, founded in 2008, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2024.

Mission

The Organization provides goods and services to the indigent and underprivilidged residents of Key West. The services are provided with respect and compassion with no costs to the individuals served.

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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 $4,236,185

Program Service Revenue $60,411

Investment Income $22,476

Other Revenue $37,331

TOTAL REVENUE $4,356,403

Expense Breakdown

Grants Paid $3,344,218

Salaries & Benefits $708,989

Fundraising Expenses $84,435

Program Expenses $4,279,136

Other Expenses $492,688

TOTAL EXPENSES $4,545,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,356,403	$4,161,019	+0.0%
Expenses	$4,545,895	$3,983,954	+0.1%
Net Income	$-189,492	$177,065	-2.1%

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

Volunteers

179

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Morgan Tracey-Barber	Executive Dir.	40.00	Officer	$110,000	$0	$110,000
Doria Goodrich	President	2.00	Officer Director	$0	$0	$0
Patricia Nossov	Treasurer	10.00	Officer Director	$0	$0	$0
Erica Hughes-Sterling	Secretary	2.00	Officer Director	$0	$0	$0
Thomas M Callahan	Director/CEO	35.00	Officer Director	$0	$0	$0
Ginny Stones	Director	35.00	Director	$0	$0	$0
John Baker	Director	1.00	Director	$0	$0	$0
Nathan Eden	Director	2.00	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	$4,356,403	$4,545,895	$5,882,169	$-189,492
2023	No data	No data	No data	No data
2022	$3,270,618	$3,508,974	$5,941,120	$-238,356
2021	$4,147,485	$4,213,915	$6,163,568	$-66,430
2020	$7,054,515	$5,667,724	$6,058,328	$1,386,791
2020	$7,202,486	$5,667,724	$6,238,605	$1,534,762
2019	$4,140,049	$4,134,866	$2,543,023	$5,183

STAR OF THE SEA FOUNDATION INC