DAYSTAR LIFE CENTER INC (EIN 650523539) - 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

1982

Legal Domicile

Principal Officer

HEIDE CORNELL

Phone

7278250442

Tax Period

2023-09-01 to 2024-08-31

DAYSTAR LIFE CENTER INC, founded in 1982, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

DAYSTAR PROVIDES A SAFETY NET OF BASIC EMERGENCY SERVICES TO INDIVIDUALS, FAMILIES, SENIORS, VETERANS, AND PERSONS EXPERIENCING HOMELESSNESS IN PINELLAS COUNTY, FLORIDA.

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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 $2,319,438

Program Service Revenue $0

Investment Income $26,131

Other Revenue $-4,898

TOTAL REVENUE $2,340,671

Expense Breakdown

Grants Paid $1,769,993

Salaries & Benefits $480,189

Fundraising Expenses $164,560

Program Expenses $2,378,748

Other Expenses $346,042

TOTAL EXPENSES $2,596,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,340,671	$2,195,241	+0.1%
Expenses	$2,596,224	$2,394,200	+0.1%
Net Income	$-255,553	$-198,959	+0.3%

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

250

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

$108,672

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDE CORNELL	EXECUTIVE DI	50.00	Officer	$89,507	$19,165	$108,672
JAY K GHOSH	PRESIDENT	15.00	Officer Director	$0	$0	$0
DEACON MICHAEL MENCHEN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
MARY ANNE PUTMAN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
ROBERT PROL	TREASURER	3.00	Officer Director	$0	$0	$0
DR JACQUELYN DAWSON	SECRETARY	3.00	Officer Director	$0	$0	$0
FATHER DAMIAN AMANTIA	DIRECTOR	1.00	Director	$0	$0	$0
CARL BRODY	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA CADIGAN	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN FOX	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LANG	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LERNER	DIRECTOR	3.00	Director	$0	$0	$0
TOBY MCDUFFIE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MILKEY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE W MONLUX JR MD	DIRECTOR	1.00	Director	$0	$0	$0
SISTER DOLORES O'BRIEN	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	$2,340,671	$2,596,224	$4,238,450	$-255,553
2023	$2,195,241	$2,394,200	$4,373,816	$-198,959
2022	$1,979,173	$2,116,564	$4,496,247	$-137,391
2021	$1,790,664	$1,771,669	$4,818,525	$18,995
2020	$2,051,487	$1,807,999	$4,645,772	$243,488
2019	$2,743,130	$1,273,519	$4,343,291	$1,469,611

DAYSTAR LIFE CENTER INC