BLUE STAR FAMILIES INC (EIN 800369895) - 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

2009

Legal Domicile

Principal Officer

NOELEEN A TILLMAN

Phone

2026302583

Tax Period

2023-01-01 to 2023-12-31

BLUE STAR FAMILIES INC, founded in 2009, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $30.0M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.5M, a strong 42% operating margin.

Mission

TO CONNECT, ENGAGE, AND EMPOWER MILITARY FAMILIES WITHIN THE GREATER COMMUNITY.

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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 $29,952,874

Program Service Revenue $0

Investment Income $17,624

Other Revenue $15,206

TOTAL REVENUE $29,985,704

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $8,158,185

Fundraising Expenses $1,234,270

Program Expenses $14,924,608

Other Expenses $9,268,222

TOTAL EXPENSES $17,446,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,985,704	$21,271,945	+0.4%
Expenses	$17,446,407	$13,392,408	+0.3%
Net Income	$12,539,297	$7,879,537	+0.6%

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

Employees

106

Volunteers

466

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

$637,245

Total Directors

$371,552

Key Employees

$925,932

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY ROTH-DOUQUET	PRESIDENT & CEO	40.00	Officer Director	$357,936	$13,616	$371,552
NOELEEN TILLMAN	COO, TREASURER, SECRETARY	40.00	Officer	$254,231	$11,462	$265,693
BRIAN WHITING	CHIEF TRANSFORMATION OFFICER	40.00	Key Emp	$353,451	$16,610	$370,061
MARGARET B DAVIS	EXECUTIVE VICE PRESIDENT OF DEVELOPMENT	40.00	Key Emp	$204,838	$3,154	$207,992
LINDSAY KNIGHT	EXECUTIVE VICE PRESIDENT, SOCIAL IMPACT	40.00	Key Emp	$170,769	$8,231	$179,000
PENELOPE BOLDEN	SR. DIRECTOR, CAUSE MARKETING & BRAND PARTNERSHIPS	40.00	Highest	$169,231	$7,212	$176,443
MICHAEL KANG	VICE PRESIDENT, FINANCE & TECHNOLOGY	40.00	Key Emp	$160,970	$7,909	$168,879
JOHN BARR	SR. DIRECTOR, ACCOUNTING AND FINANCE	40.00	Highest	$143,621	$7,231	$150,852
JEFFREY CHIN	EXECUTIVE DIRECTOR, NE CHAPTER	40.00	Highest	$133,328	$6,500	$139,828
SHEILA STEVENS	SR. DIRECTOR, CHAPTER IMPACT	40.00	Highest	$123,376	$6,191	$129,567
CARLENE IPPOLITO	DIRECTOR OF TECHNOLOGY	40.00	Highest	$125,000	$6,250	$131,250
GWENDOLYN BINGHAM	CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS BOGDAN	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
WHIT COBB	DIRECTOR	2.00	Director	$0	$0	$0
ELLYN DUNFORD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES EGGLESTON	DIRECTOR	1.00	Director	$0	$0	$0
TODD FINGER	DIRECTOR	2.00	Director	$0	$0	$0
BRIANNA KEILAR	DIRECTOR	2.00	Director	$0	$0	$0
VAL NICHOLAS	DIRECTOR	1.00	Director	$0	$0	$0
NADA STIRRATT	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN G VONGLIS	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	No data	No data	No data	No data
2023	$29,985,704	$17,446,407	$31,278,606	$12,539,297
2022	$21,271,945	$13,392,408	$17,420,296	$7,879,537
2021	$11,402,884	$8,922,670	$9,421,835	$2,480,214
2020	$7,782,845	$7,728,351	$7,293,620	$54,494
2019	$8,380,419	$5,916,331	$6,488,189	$2,464,088
2018	$6,209,248	$4,703,802	$3,918,490	$1,505,446

BLUE STAR FAMILIES INC