STARFISH MINISTRIES (EIN 911866833) - 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

1998

Legal Domicile

Principal Officer

BERNARD BOVENKAMP

Phone

3603181017

Tax Period

2023-01-01 to 2023-12-31

STARFISH MINISTRIES, founded in 1998, is a small nonprofit in the International Affairs sector that reported $923K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE HUMANITARIAN AND SPIRITUAL SERVICES FOR ORPHANS IN HAITI

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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 $905,179

Program Service Revenue $0

Investment Income $17,564

Other Revenue $0

TOTAL REVENUE $922,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,021,127

Other Expenses $1,054,765

TOTAL EXPENSES $1,054,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$922,743	$942,567	0.0%
Expenses	$1,054,765	$921,891	+0.1%
Net Income	$-132,022	$20,676	-7.4%

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

N/A

Volunteers

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
BERNARD BOVENKAMP	PRESIDENT/TREASURER/DIRECT	20.00	Officer Director	$0	$0	$0
PHILIP BOVENKAMP	VICE PRESIDENT/DIRECTOR	10.00	Officer Director	$0	$0	$0
KARLA BRIGHT	SECRETARY/DIRECTOR	5.00	Officer Director	$0	$0	$0
DOUGLAS JARVIE	DIRECTOR/PRESIDENT STARFIS	15.00	Director	$0	$0	$0
DANIEL BRIM	DIRECTOR	5.00	Director	$0	$0	$0
SHERYL BOVENKAMP	DIRECTOR	8.00	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	$922,743	$1,054,765	$584,576	$-132,022
2022	$942,567	$921,891	$716,598	$20,676
2021	$1,133,404	$1,017,592	$695,922	$115,812
2020	$904,077	$966,046	$580,110	$-61,969
2019	$802,447	$676,233	$642,079	$126,214
2018	$740,256	$699,886	$515,865	$40,370

STARFISH MINISTRIES