STEP INTO LIFE MINISTRIES INC (EIN 113793641) - 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

2006

Legal Domicile

Phone

7174504981

Tax Period

2024-01-01 to 2024-12-31

STEP INTO LIFE MINISTRIES INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $141K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $123K left a modest 13% surplus.

Mission

PROVIDE DAILY SERVICES TO INDIVIDUALS THAT PRESERVE THEIR HUMAN DIGNITY AND PROMOTE A POSITIVE DIRECTION IN THEIR LIVES

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,860

Program Service Revenue $56,600

Investment Income $0

Other Revenue $0

TOTAL REVENUE $141,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,806

Fundraising Expenses $100

Program Expenses $122,389

Other Expenses $116,683

TOTAL EXPENSES $123,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,460	$113,379	+0.2%
Expenses	$123,489	$114,011	+0.1%
Net Income	$17,971	$-632	-29.4%

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

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
FREDDIE HALL	MEMBER	5.00	Director	$0	$0	$0
MARI CANDELARIO	MEMBER	5.00	Director	$0	$0	$0
REV JOHN WILLIAMS Jr	MEMBER	5.00	Director	$0	$0	$0
DR CARLOS CREAM	MEMBER	5.00	Director	$0	$0	$0
REV NATANIEL JOHNSON	EXEC DIR	30.00	Officer	$0	$0	$0
TAMARA BOOP	TREASURER	12.00	Officer	$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	$141,460	$123,489	$306,168	$17,971
2023	$113,379	$114,011	$300,390	$-632
2022	$103,532	$96,200	$313,672	$7,332
2021	$72,567	$81,277	$319,320	$-8,710
2020	$74,561	$71,390	$339,405	$3,171
2019	$94,446	$80,481	$347,205	$13,965
2018	$88,881	$82,833	$342,074	$6,048

STEP INTO LIFE MINISTRIES INC