LUNAR INC

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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

2020

Legal Domicile

Principal Officer

DANIELLE STEER

Phone

6515040184

Tax Period

2023-01-01 to 2023-12-31

LUNAR INC, founded in 2020, is a small nonprofit that reported $187K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $629K exceeded revenue, resulting in a 236% operating deficit.

Mission

LUNAR STARTUPS IS CREATING EQUITABLE ENTREPRENEURIAL ECOSYSTEMS BY PROVIDING EDUCATION, SUPPORT, AND CONNECTIVITY TO LEADERS WHO IDENTIFY AS BIPOC, WOMEN, LGBTQ, AND ARE FOUNDING HIGH-IMPACT VENTURES WITH THE GOAL OF BUILDING COMMUNITY WEALTH AND DEVELOPING ENTREPRENEURIAL CAPABILITIES.

Program Service Accomplishments

Program 1

Expenses: $532,924 Revenue: $46,859

IN 2023, LUNAR EXECUTED THE FOURTH VIRTUAL AND SIXTH FULL COHORT SERVING 18 ENTREPRENEURS. LUNAR'S TEAM, INCLUDING THE PROGRAM MANAGER AND DEVELOPMENT MANAGER, ADDED CRITICAL CAPACITY. LUNAR'S SIXTH COHORT BROUGHT THE TOTAL PORTFOLIO TO 77 COMPANIES AND GAVE LUNAR THE STATISTICALLY SIGNIFICANT DATA TO FINALIZE THE ACCELERATOR METHODOLOGY. LUNAR ALSO FINISHED PHASE THREE OF AN IMPACT ASSESSMENT THAT ANALYZED THE ECONOMIC IMPACT OF THE COHORT COMPANIES IN MINNESOTA. TO DATE, LUNAR ALUMNI HAVE CREATED MORE THAN $237 MILLION IN ECONOMIC IMPACT FOR MINNESOTA.

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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 $140,035

Program Service Revenue $46,859

Investment Income $30

Other Revenue $0

TOTAL REVENUE $186,924

Expense Breakdown

Grants Paid $177,989

Salaries & Benefits $221,460

Fundraising Expenses $35,977

Program Expenses $532,924

Other Expenses $229,211

TOTAL EXPENSES $628,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,924	$615,768	-0.7%
Expenses	$628,660	$821,741	-0.2%
Net Income	$-441,736	$-205,973	+1.1%

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

$107,425

Total Directors