Starter Studio FL Inc

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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

2016

Legal Domicile

Principal Officer

Dawn Haynes

Phone

4073784150

Tax Period

2023-01-01 to 2023-12-31

Starter Studio FL Inc, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $602K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $114K, a strong 19% operating margin.

Mission

OUR MISSION IS TO BUILD CENTRAL FLORIDA'S TECHNOLOGY AND CREATIVE COMMUNITY BY INVESTING IN PROMISING COMPANIES AND TO MAKE IT EASIER FOR ANYONE IN ORLANDO TO START AND GROW A COMPANY. WE BELIEVE ORLANDO HAS THE POTENTIAL TO BE A NATIONALLY-RECOGNIZED CENTER FOR TECHNOLOGY, AND WE'RE WORKING TO HELP MAKE THAT HAPPEN.

Program Service Accomplishments

Program 1

Expenses: $388,013 Revenue: $36,409

To build a diverse tech and innovation ecosystem in Central Florida by investing time and resources in promising tech startups. To provide three world-class accelerator programs for founders of...

To build a diverse tech and innovation ecosystem in Central Florida by investing time and resources in promising tech startups. To provide three world-class accelerator programs for founders of early-stage tech startups, offering the opportunity to learn the skills, competencies, business disciplines, best practice tools and access to other resources, including subject matter experts and coaching to significantly improve the chances of success. To provide pre-seed capital to early-stage technology companies that successfully graduate from the accelerator program and demonstrate significant growth potential with a broad reach of customers. Level the playing field by providing access to the available programs, resources and early-stage capital to all aspiring founders and members of our community. To continue to support our alumni and portfolio companies by connecting them to additional resources and organizations within the tech and innovation ecosystem to assist in the growth and scale phases of their entrepreneurial journey.

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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 $561,273

Program Service Revenue $36,409

Investment Income $4,396

Other Revenue $0

TOTAL REVENUE $602,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,823

Fundraising Expenses $67,499

Program Expenses $388,013

Other Expenses $202,115

TOTAL EXPENSES $487,938

Year-over-Year Comparison

	2023	2022	Change
Revenue	$602,078	$792,488	-0.2%
Expenses	$487,938	$375,088	+0.3%
Net Income	$114,140	$417,400	-0.7%

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

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

$130,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN HAYNES	CEO - EXECUTIVE DIRECTOR	40.0	Officer	$130,000	$0	$130,000
PHIL ZEMAN	CHAIR	1.0	Officer Director	$0	$0	$0
KELLY COHEN	IMMEDIATE PAST CHAIR	1.0	Officer Director	$0	$0	$0
TOM GAWRONSKI	TREASURER	1.0	Officer Director	$0	$0	$0
TAYLOR PANACALE	SECRETARY	1.0	Officer Director	$0	$0	$0
DEREK BARNETT	DIRECTOR (thru 11/14/2023)	1.0	Director	$0	$0	$0
TERRANCE BERLAND	DIRECTOR	1.0	Director	$0	$0	$0
SHARI COSTANTINI	DIRECTOR	1.0	Director	$0	$0	$0
JACQUES FU	DIRECTOR	1.0	Director	$0	$0	$0
CARMENZA GONZALEZ	DIRECTOR	1.0	Director	$0	$0	$0
HEATH HENSLEY	DIRECTOR (thru 11/28/2023)	1.0	Director	$0	$0	$0
DONNA MACKENZIE CPA	DIRECTOR	1.0	Director	$0	$0	$0
PETER MCALINDON PHD	DIRECTOR	1.0	Director	$0	$0	$0
STEPHANIE MILLER PHD	DIRECTOR	1.0	Director	$0	$0	$0
ROB PANEPINTO	DIRECTOR	1.0	Director	$0	$0	$0
GREGG POLLACK	DIRECTOR	1.0	Director	$0	$0	$0
TERRY SANKS	DIRECTOR	1.0	Director	$0	$0	$0
RENUKA SASTRI	DIRECTOR	1.0	Director	$0	$0	$0
JOSHUA SNYDER	DIRECTOR	1.0	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	No data	No data	No data	No data
2023	$602,078	$487,938	$2,494,270	$114,140
2022	$792,488	$375,088	$2,365,288	$417,400
2021	$591,239	$594,561	$2,025,728	$-3,322
2020	$569,957	$726,454	$1,650,360	$-156,497
2019	$865,297	$846,527	$1,692,559	$18,770