STARBOARD FOUNDATION INC (EIN 455266608) - 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

2015

Legal Domicile

Principal Officer

Blaine Farless

Phone

8175173739

Tax Period

2024-01-01 to 2024-12-31

STARBOARD FOUNDATION INC, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $192K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $165K, a strong 86% operating margin.

Mission

Promote education and recreation with respect to Eagle Mountain lake

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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 $109,488

Program Service Revenue $0

Investment Income $21,779

Other Revenue $60,882

TOTAL REVENUE $192,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,211

Other Expenses $27,077

TOTAL EXPENSES $27,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,149	$217,366	-0.1%
Expenses	$27,077	$37,186	-0.3%
Net Income	$165,072	$180,180	-0.1%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rob Karov	Member at large	2	Officer	$0	$0	$0
Reese Hillard	Board Member	2	Officer	$0	$0	$0
Craig Johnson	Memeber at large	2	Officer	$0	$0	$0
Thomas Felsenthal	President	4	Officer	$0	$0	$0
Richard Edgecomb	Secretary	2	Officer	$0	$0	$0
Blaine Farless	Treasure	1	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
2024	$192,149	$27,077	$279,258	$165,072
2023	$217,366	$37,186	$204,134	$180,180
2022	$274,234	$425	$140,458	$273,809
2021	$762,707	$695	$100,267	$762,012

STARBOARD FOUNDATION INC