Large Asset Reserves
CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Starr Commonwealth's letter grade rating has been downgraded because it has 3 or more years of available assets.
See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.
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Ratings & Metrics
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| Starr Commonwealth | Audited Financial Statements | 38-1359593 |
| Starr Commonwealth | IRS Form 990 | 38-1359593 |
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Entity: Starr Commonwealth Document Type: Audited Financial Statements Tax ID: 38-1359593 |
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Entity: Starr Commonwealth Document Type: IRS Form 990 Tax ID: 38-1359593 |
Governance & Transparency
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Elizabeth Carey | President & CEO | $359,579 |
| 2 | Derek Allen | Executive Vice President & COO | $211,653 |
| 3 | Cae Soma | Chief Clinical Officer - Part Year | $211,033 |
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1 Name: Elizabeth Carey Title: President & CEO Compensation: $359,579 |
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2 Name: Derek Allen Title: Executive Vice President & COO Compensation: $211,653 |
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3 Name: Cae Soma Title: Chief Clinical Officer - Part Year Compensation: $211,033 |
Analysts' Notes
According to the Starr Commonwealth tax filing for the fiscal year ended September 30, 2025, Starr reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a): "Severance payments were made during the year to the following listed persons in Part VII: Cae Soma: $37,500" [Cae Soma, Past Chief Clinical Officer, had total reported compensation of $211,033 during 2024 (IRS Form 990, Schedule J, Part II)] Starr reports providing "bonus & incentive compensation" to three individuals during 2024: 1) Elizabeth Carey, President & CEO, received $42,000 of bonus and incentive compensation with total reported compensation of $359,579 2) Derek Allen, Executive Vice President & COO, received $25,200 of bonus and incentive compensation with total reported compensation of $211,653 3) Paula Dolson, CFO, received $20,300 of bonus and incentive compensation with total reported compensation of $173,882 |