STRAITS AREA SERVICES INC (EIN 364538279) - 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

2003

Legal Domicile

Principal Officer

ROGER KOPERNIK

Phone

2316274319

Tax Period

2024-10-01 to 2025-09-30

STRAITS AREA SERVICES INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $587K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $538K left a modest 8% surplus.

Mission

TO ENHANCE THE QUALITY OF LIFE FOR PERSONS WITH CHALLENGES, THROUGH EMPLOYMENT AND SOCIAL OPPORTUNITIES WITHIN 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 (2024)

Revenue Breakdown

Contributions & Grants $420,399

Program Service Revenue $137,462

Investment Income $29,486

Other Revenue $0

TOTAL REVENUE $587,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,938

Fundraising Expenses $0

Program Expenses $476,424

Other Expenses $169,459

TOTAL EXPENSES $538,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$587,347	$459,146	+0.3%
Expenses	$538,397	$542,046	0.0%
Net Income	$48,950	$-82,900	-1.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAGHAN BROOKS	SECRETARY	N/A	Director	$0	$0	$0
AMY CARTER	EXEC. DIRECT	N/A	Director	$0	$0	$0
GINA EUSTICE	DIRECTOR	N/A	Director	$0	$0	$0
DAVID JOHNSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
ROGER KOPERNIK	PRESIDENT	N/A	Officer	$0	$0	$0
THERESA SORENSON	TREASURER	N/A	Officer	$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	$587,347	$538,397	$764,649	$48,950
2025	$587,347	$538,397	$764,649	$48,950
2024	$459,146	$542,046	$725,176	$-82,900
2023	$658,372	$571,802	$796,315	$86,570
2022	$649,397	$564,128	$708,496	$85,269
2021	$711,430	$482,918	$775,233	$228,512
2020	$431,651	$487,748	$624,187	$-56,097
2019	$744,366	$707,984	$674,383	$36,382
2018	$827,574	$773,008	$667,718	$54,566

STRAITS AREA SERVICES INC