STARBASE MINNESOTA INC (EIN 411756817) - 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

1993

Legal Domicile

Principal Officer

BELINDA CORDINA

Phone

6127132530

Tax Period

2023-10-01 to 2024-09-30

STARBASE MINNESOTA INC, founded in 1993, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Expenses of $2.5M left a modest 8% surplus.

Mission

TO INSPIRE AND EDUCATE MINNESOTA YOUTH IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM)

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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 $2,752,331

Program Service Revenue $0

Investment Income $24,452

Other Revenue $-97,929

TOTAL REVENUE $2,678,854

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $1,480,897

Fundraising Expenses $7,990

Program Expenses $2,329,623

Other Expenses $988,839

TOTAL EXPENSES $2,477,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,678,854	$2,658,331	+0.0%
Expenses	$2,477,736	$2,616,975	-0.1%
Net Income	$201,118	$41,356	+3.9%

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

793

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

$277,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM VAN WIE	FORMER EXEC	40.00	Officer	$145,255	$25,987	$171,242
MELANIE PETERS	EXECUTIVE DI	40.00	Officer	$98,231	$8,380	$106,611
CHAZ ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH AUDET	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BLOMQUIST	DIRECTOR	1.00	Director	$0	$0	$0
JESSE CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CAYTON	TREASURER	1.00	Officer Director	$0	$0	$0
BELINDA CORDINA	PRESIDENT/CH	2.00	Officer Director	$0	$0	$0
ROGER DELGEHAUSEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD DUJMOVIC	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
DAN GABRIELLI	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HAMLAR	DIRECTOR	1.00	Director	$0	$0	$0
LORI HOYUM	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS KAHN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KESTI	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS MISTELSKE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ORROCK	DIRECTOR	1.00	Director	$0	$0	$0
DEE POWERS	DIRECTOR	1.00	Director	$0	$0	$0
DENISE RUTHERFORD	DIRECTOR	1.00	Director	$0	$0	$0
DENIS SHIELDS	DIRECTOR/COM	1.00	Director	$0	$0	$0
HARRY SIEBEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SOENEN	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
JOHN SULLIVAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL THYKEN	DIRECTOR	1.00	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	$2,678,854	$2,477,736	$1,524,189	$201,118
2023	$2,658,331	$2,616,975	$1,324,718	$41,356
2022	$3,013,885	$2,676,963	$1,286,480	$336,922
2021	$2,142,934	$2,068,792	$930,047	$74,142
2020	$3,748,891	$3,655,096	$870,598	$93,795
2019	$1,662,109	$1,745,243	$924,609	$-83,134
2018	$1,523,425	$1,696,588	$1,009,538	$-173,163

STARBASE MINNESOTA INC