POLESTAR GARDENS INC (EIN 680453822) - 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

2001

Legal Domicile

Principal Officer

MICHAEL F GORNIK

Phone

8089368518

Tax Period

2024-01-01 to 2024-12-31

POLESTAR GARDENS INC, founded in 2001, is a micro nonprofit in the Human Services sector that reported $37K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $36K left a modest 4% surplus.

Mission

RESIDENTIAL LEARNING CENTERS AND INTENTIONAL COMMUNITIES THAT OFFER EDUCATIONAL CLASSES, WORKSHOPS, MENTORSHIPS, APPRENTICESHIPS AND OTHER ACTIVITIES.

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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 $33,847

Program Service Revenue $9,208

Investment Income $-5,915

Other Revenue $0

TOTAL REVENUE $37,140

Expense Breakdown

Grants Paid $1,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,204

Other Expenses $33,708

TOTAL EXPENSES $35,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,140	$419,657	-0.9%
Expenses	$35,608	$39,485	-0.1%
Net Income	$1,532	$380,172	-1.0%

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

N/A

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

$65,000

Total Directors

$32,350

Key Employees

$39,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GORNIK	PRESIDENT	030.00	Officer Key Emp Highest	$39,000	$0	$39,000
VINA KETTY	BOARD OF DIRECTORS	004.00	Director	$32,350	$0	$32,350
ANN GORNIK	SECRETARY/TREASURER	020.00	Officer	$26,000	$0	$26,000
BERNADETTE SABATH	BOARD OF DIRECTORS	004.00	Director	$0	$0	$0
RICH MILLS	BOARD OF DIRECTORS	004.00	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	$37,140	$35,608	$6,007,410	$1,532
2023	$419,657	$39,485	$3,876,709	$380,172
2022	$41,143	$127,978	$2,282,156	$-86,835
2021	$69,265	$112,676	$1,470,435	$-43,411
2020	$70,923	$110,915	$834,039	$-39,992
2019	$72,622	$147,570	$874,257	$-74,948
2018	$1,301,170	$170,205	$1,026,432	$1,130,965

POLESTAR GARDENS INC