STAR OF THE SEA INC (EIN 721403954) - 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

Principal Officer

MERCEDES HARVEY

Tax Period

2024-01-01 to 2024-12-31

STAR OF THE SEA INC is a small nonprofit in the Religion sector that reported $172K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 30% operating margin.

Mission

SUPPORT OF RELIGIOUS ORGANIZATIONS. ASSISTING THE CATHOLIC DIOCESE WITH LIVING FACILITIES AND LIVING EXPENSES FOR PRIEST.

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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 $169,479

Program Service Revenue $0

Investment Income $2

Other Revenue $2,521

TOTAL REVENUE $172,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,596

Other Expenses $120,966

TOTAL EXPENSES $120,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,002	$110,357	+0.6%
Expenses	$120,966	$115,155	+0.1%
Net Income	$51,036	$-4,798	-11.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERCEDES HARVEY	TREASURER	N/A	Officer	$0	$0	$0
JOHN SCHEMBRE	PRESIDENT	N/A	Officer	$0	$0	$0
LISA SUMMERS	SECRETARY	N/A	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
2025	No data	No data	No data	No data
2024	$172,002	$120,966	$401,021	$51,036
2023	$110,357	$115,155	$370,507	$-4,798
2022	$122,471	$112,190	$390,126	$10,281
2021	$105,467	$92,161	$396,146	$13,306
2020	$102,970	$84,724	$398,290	$18,246
2019	$99,890	$101,198	$391,488	$-1,308
2018	$102,525	$61,484	$401,194	$41,041

STAR OF THE SEA INC