FIRST STEP FOUNDATION (EIN 201876745) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

DONNA MERRIWEATHER

Phone

5016206615

Tax Period

2024-07-01 to 2025-06-30

FIRST STEP FOUNDATION P O BOX 2440, founded in 2005, is a micro nonprofit in the Youth Development sector that reported $30K in total revenue in fiscal year 2017. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT FIRST STEP, INC.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,812

Program Service Revenue $0

Investment Income $43,141

Other Revenue $0

TOTAL REVENUE $54,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,445

Other Expenses $1,445

TOTAL EXPENSES $1,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,953	$70,722	-0.2%
Expenses	$1,445	$1,441	+0.0%
Net Income	$53,508	$69,281	-0.2%

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

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
ROBBIE COX	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TYRONE FLOWERS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
DON GOOCH	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
RICHARD HOLDEN	TREASURER	N/A	Officer Director	$0	$0	$0
MIKE LONG	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
ANNA SUE MCCOY	SECRETARY	N/A	Officer Director	$0	$0	$0
DONNA MERRIWEATHER	PRESIDENT	N/A	Officer Director	$0	$0	$0
WAYNE REYNOLDS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
THOMAS SMITH	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
CHRIS SMITH	CFO/FIRST ST	N/A	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
2025	$54,953	$1,445	$1,179,729	$53,508
2024	$70,722	$1,441	$1,126,221	$69,281
2023	$1,010,446	$475	$1,056,940	$1,009,971
2020	$2,154	No data	$44,119	No data
2019	$5,664	$199,969	$41,965	$-194,305
2018	$29,577	No data	$236,270	No data

FIRST STEP FOUNDATION