ALBION, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)STARR COMMONWEALTH, founded in 1913, is a community nonprofit in the Human Services sector that reported $8.5M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $10.8M exceeded revenue, resulting in a 27% operating deficit.
STARR COMMONWEALTH'S MISSION IS TO LEAD WITH COURAGE TO CREATE POSITIVE EXPERIENCES SO THAT ALL CHILDREN, FAMILIES, AND COMMUNITIES FLOURISH. STARR OFFERS A FULL CONTINUUM OF COMMUNITY-BASED OUTPATIENT SERVICES INCLUDING TRAUMA ASSESSMENT AND INTERVENTION AND SPECIALIZED RESIDENTIAL TREATMENT PROGRAMS IN MICHIGAN. TRAINING AND COACHING PROGRAMS ARE OFFERED FOR EDUCATORS, SOCIAL WORKERS, COUNSELORS, MEDICAL PROFESSIONALS, AND OTHERS. ALL PROGRAMS AND SERVICES ARE ROOTED IN THE BELIEF THAT EVERY CHILD HAS STRENGTHS. TREATMENT SERVICES ENABLE EACH YOUNG PERSON TO IDENTIFY AND CULTIVATE THEIR STRENGTHS IN WAYS THAT ENCOURAGE THEM TO REACH THEIR FULL POTENTIAL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,475,792 | $11,573,061 | -0.3% |
| Expenses | $10,792,826 | $10,407,768 | +0.0% |
| Net Income | $-2,317,034 | $1,165,293 | -3.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RANDY NEUMANN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISA MILLER | PAST CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SIMON BISSON | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SEAN SILVER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE GOODMAN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT DAVIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIK STEWART | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KARA VAN DAM | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH CAREY | PRESIDENT AND CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$330,687 | $28,892 | $359,579 |
| DEREK ALLEN | EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFIC | 40.00 |
Officer
|
$195,043 | $16,610 | $211,653 |
| CAE SOMA | CHIEF CLINICAL OFFICER - PART YEAR | 40.00 |
Officer
|
$204,381 | $6,652 | $211,033 |
| PAULA DOLSON | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$155,305 | $18,577 | $173,882 |
| ROBERT VANSUMEREN | CHIEF LEGAL COUNSEL AND COMPLIANCE OFFICER | 40.00 |
Officer
|
$131,868 | $5,273 | $137,141 |
| STACEY LEVIN | VICE PRESIDENT OF OPERATIONS AND IMPACT | 40.00 |
Highest
|
$112,540 | $10,538 | $123,078 |
| GREG STRAND | VICE PRESIDENT OF ADVANCEMENT | 40.00 |
Highest
|
$102,498 | $16,774 | $119,272 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $8,475,792 | $10,792,826 | $91,546,134 | $-2,317,034 |
| 2024 | $11,573,061 | $10,407,768 | $89,902,148 | $1,165,293 |
| 2023 | $9,169,427 | $10,190,565 | $81,264,717 | $-1,021,138 |
| 2022 | $14,829,723 | $11,278,475 | $80,471,792 | $3,551,248 |
| 2021 | $18,694,833 | $10,952,741 | $88,362,741 | $7,742,092 |
| 2020 | $19,215,628 | $20,932,671 | $74,132,233 | $-1,717,043 |
| 2019 | $23,323,894 | $21,820,177 | $80,129,491 | $1,503,717 |
| 2018 | $23,145,926 | $19,522,864 | $81,015,153 | $3,623,062 |
Compare STARR COMMONWEALTH with other nonprofits in Michigan and across the country.