Morning Star Development (EIN 542086318) - 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

2002

Legal Domicile

Principal Officer

Lars A Peterson

Phone

7192668900

Tax Period

2024-01-01 to 2024-12-31

Morning Star Development, founded in 2002, is a community nonprofit in the International Affairs sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

The Organization is a community and economic development organization committed to helping the people of Afghanistan rebuild their country

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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 $2,025,293

Program Service Revenue $128,045

Investment Income $36,085

Other Revenue $1,212

TOTAL REVENUE $2,190,635

Expense Breakdown

Grants Paid $62,860

Salaries & Benefits $1,247,026

Fundraising Expenses $127,533

Program Expenses $2,149,069

Other Expenses $1,184,698

TOTAL EXPENSES $2,498,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,190,635	$1,932,486	+0.1%
Expenses	$2,498,184	$1,995,779	+0.3%
Net Income	$-307,549	$-63,293	+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

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

$120,928

Total Directors

$120,928

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARS PETERSON	President	40.00	Officer Director	$111,623	$0	$111,623
DANIEL BATCHELDER	President Emeritus	4.00	Officer Director	$9,305	$0	$9,305
GAIL GOOLSBY	Director	1.00	Director	$0	$0	$0
SCOTT ROSS	Chairman of the Board	2.00	Officer Director	$0	$0	$0
DANIKA JOSHUA	Secretary	1.00	Officer Director	$0	$0	$0
KHALID AHMADZAI	Director	1.00	Director	$0	$0	$0
JOEL WITZEL	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	$2,190,635	$2,498,184	$1,957,974	$-307,549
2023	$1,932,486	$1,995,779	$2,157,504	$-63,293
2022	$2,028,180	$1,911,328	$2,088,174	$116,852
2021	$2,521,955	$1,489,390	$2,247,959	$1,032,565
2020	$1,538,774	$1,333,770	$1,013,442	$205,004
2018	$1,154,094	$1,114,986	$811,251	$39,108

Morning Star Development