STARLIGHT CHILDREN'S FOUNDATION

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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

1983

Legal Domicile

Principal Officer

MIKE OLSON

Phone

3104791212

Tax Period

2023-01-01 to 2023-12-31

STARLIGHT CHILDREN'S FOUNDATION, founded in 1983, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

SINCE 1983, STARLIGHT HAS BEEN DELIVERING HAPPINESS TO SERIOUSLY ILL CHILDREN AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $11,552,561

STARLIGHT DELIVERIES STARLIGHT OFFERS AN EASY-TO-USE ONLINE PLATFORM WHERE HOSPITALS CAN ORDER ITEMS DIRECTLY FROM STARLIGHTS INVENTORY OF DONATED GIFT IN-KIND TOYS, BOOKS, GAMES, CRAFTING MATERIALS, AND OTHER URGENTLY NEEDED PRODUCTS THAT DELIVER HAPPINESS TO HOSPITALIZED KIDS AND THEIR FAMILIES. PRODUCTS ARE, BY DEFAULT, SHIPPED FREE-OF-CHARGE TO OUR MORE THAN 700 HOSPITAL AND HEALTH CARE FACILITY PARTNERS IN THE US, TO APPROXIMATELY 348,000 CHILDREN IN 2023.

Program 2

Expenses: $1,526,222

STARLIGHT HOSPITAL WEAR STARLIGHT GOWNS ARE HIGH-QUALITY, FUN, SOFT, AND COLORFUL HOSPITAL GOWNS THAT KIDS LOVE TO WEAR. THE GOWNS TIE ON THE SIDE INSTEAD OF DOWN THE BACK TO BETTER ACCOMMODATE A...

STARLIGHT HOSPITAL WEAR STARLIGHT GOWNS ARE HIGH-QUALITY, FUN, SOFT, AND COLORFUL HOSPITAL GOWNS THAT KIDS LOVE TO WEAR. THE GOWNS TIE ON THE SIDE INSTEAD OF DOWN THE BACK TO BETTER ACCOMMODATE A CHILDS NEED FOR PRIVACY AND COMFORT, AND INCLUDE PLASTIC SNAPS ON BOTH SLEEVES TO ALLOW EASY ACCESS FOR MEDICAL PROCEDURES. IN 2021, STARLIGHT ADDED PAJAMA PANTS TO THE HOSPITAL WEAR PROGRAM TO FURTHER ENHANCE THE HOSPITAL EXPERIENCE FOR PATIENTS. IN 2023, APPROXIMATELY 80,000 CHILDREN RECEIVED ASSISTANCE.

Program 3

Expenses: $441,282 Revenue: $104,358

STARLIGHT GAMING STARLIGHT GAMING DELIVERS HAPPINESS TO SERIOUSLY ILL CHILDREN BY PROVIDING THEM A SENSE OF NORMALCY AND DISTRACTION FROM THE STRESS AND ANXIETY THAT OFTEN COMES WITH BEING A CHILD IN A HOSPITAL. EACH STARLIGHT GAMING STATION COMES PRE-LOADED WITH NINTENDO VIDEO GAMES AND STREAMING PLATFORMS FOR HOURS OF ENTERTAINMENT, BUT ALSO GIVES EACH CHILD A WAY TO CONNECT WITH FRIENDS AND SIBLINGS DURING THEIR HOSPITAL STAY.

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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 $17,233,113

Program Service Revenue $0

Investment Income $355,078

Other Revenue $104,358

TOTAL REVENUE $17,692,549

Expense Breakdown

Grants Paid $12,004,479

Salaries & Benefits $3,621,710

Fundraising Expenses $3,073,220

Program Expenses $14,127,364

Other Expenses $2,189,507

TOTAL EXPENSES $17,815,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,692,549	$16,295,979	+0.1%
Expenses	$17,815,696	$12,772,926	+0.4%
Net Income	$-123,147	$3,523,053	-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

550

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

$600,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM GARONE	CEO	040.00	Officer	$362,818	$25,534	$388,352
MIKE OLSON CPA	CFO	040.00	Officer	$192,123	$19,846	$211,969
CINDEE STARKIE	VP OF MARKETING COMMUNICATIONS	040.00	Highest	$149,018	$11,847	$160,865
AIMEE FINN	SR. DIRECTOR INDIVIDUAL GIVING	040.00	Highest	$128,109	$9,964	$138,073
CHRISTINE SOLDNER	SR. DIRECTOR CORP. DEVELOPMENT	040.00	Highest	$124,328	$13,290	$137,618
JOHN ROSENBERG	CHAIR	001.00	Officer Director	$0	$0	$0
ALISA BOWEN SEE SCH O	BOARD VICE CHAIR	001.00	Officer Director	$0	$0	$0
DEBRA JOHNSON	TREASURER	001.00	Officer Director	$0	$0	$0
HOWARD COHL	SECRETARY	001.00	Officer Director	$0	$0	$0
KIRA GOLDBERG	DIRECTOR	001.00	Director	$0	$0	$0
SHAWN HARPEN	DIRECTOR	001.00	Director	$0	$0	$0
PETER SAMUELSON	DIRECTOR	001.00	Director	$0	$0	$0
CHRIS HELFRICH	DIRECTOR	001.00	Director	$0	$0	$0
ARNIE MENDOZA CPA	DIRECTOR	001.00	Director	$0	$0	$0
PAUL NAVARRO	DIRECTOR FROM JAN. 2023 TO DEC. 11, 2023	001.00	Director	$0	$0	$0
RECHELLE PORTER CCLS	DIRECTOR	001.00	Director	$0	$0	$0
PAULA WHITEMAN	DIRECTOR	001.00	Director	$0	$0	$0
DAWN WILCOX VERRECCHIA	DIRECTOR	001.00	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	$17,692,549	$17,815,696	$19,230,995	$-123,147
2022	$16,295,979	$12,772,926	$18,841,766	$3,523,053
2021	$12,239,496	$11,685,519	$15,437,142	$553,977
2020	$9,683,710	$8,107,513	$15,345,310	$1,576,197
2019	$12,155,776	$9,841,075	$13,522,814	$2,314,701
2018	$17,222,496	$14,039,823	$11,447,757	$3,182,673
2017	$11,045,533	$9,806,057	$9,044,385	$1,239,476