STEP OF FAITH MINISTRY 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

2003

Legal Domicile

Principal Officer

SUSAN HAGER

Phone

7325472590

Tax Period

2023-01-01 to 2023-12-31

STEP OF FAITH MINISTRY INC, founded in 2003, is a small nonprofit in the International Affairs sector that reported $300K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $278K left a modest 8% surplus.

Mission

PROVIDE SPIRITUAL AND PHYSICAL AID TO PEOPLE IN NEED AROUND THE WORLD

Program Service Accomplishments

Program 1

Expenses: $46,741 Revenue: $45,276

SPONSORED TUITION FOR CHILDREN IN HAITI; PROVIDED SCHOOL UNIFORMS THE CHILDREN IN HAITI, PROVIDED MEDICAL SUPPLIES, DIAPERS AND FOOD FOR AN ORPHANAGE IN HAITI

Program 2

Expenses: $99,768 Revenue: $49,847

VARIOUS PROJECTS FOR THE HURTING PEOPLE OF ALBANIA INCLUDING VBS, CHILDREN'S CAMP, FOOD PACKAGES AND PASTOR SUPPORT

Program 3

Expenses: $125,344 Revenue: $95,123

SUPPORT FOR MISSIONS & MISSION COORDINATOR

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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 $300,068

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $300,068

Expense Breakdown

Grants Paid $27,923

Salaries & Benefits $62,578

Fundraising Expenses $0

Program Expenses $271,853

Other Expenses $187,025

TOTAL EXPENSES $277,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,068	$222,290	+0.3%
Expenses	$277,526	$264,747	+0.0%
Net Income	$22,542	$-42,457	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK HESS	PRESIDENT	3.00	Director	$0	$0	$0
DEBRA STASIAK	VICE PRESIDENT	1.00	Director	$0	$0	$0
DEBORAH ROBERTSON	SECRETARY	1.00	Director	$0	$0	$0
SUSAN HAGER	TREASURER	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	$300,068	$277,526	$131,166	$22,542
2022	$222,290	$264,747	$109,297	$-42,457
2021	$290,374	$285,945	No data	$4,429
2020	$206,779	$158,183	$146,569	$48,596