STEP OF FAITH OUTREACH INC (EIN 203900815) - 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

2004

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

STEP OF FAITH OUTREACH INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $162K in total revenue in fiscal year 2023. Expenses of $208K exceeded revenue, resulting in a 28% operating deficit.

Mission

WE ARE AN OUTREACH FOUNDED ON BIBLICAL PRINCIPALS. OUR DESIRE IS TO HELP IMPOVERISHED COMMUNITIES, FAMILIES AND INDIVIDUALS WITH FOOD, CLOTHING, SHELTER, LITERACY AND JOB PLACEMENT OPPORTUNITIES.

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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 $162,222

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $162,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,577

Fundraising Expenses $0

Program Expenses $171,256

Other Expenses $140,784

TOTAL EXPENSES $208,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,222	$167,408	0.0%
Expenses	$208,361	$180,172	+0.2%
Net Income	$-46,139	$-12,764	+2.6%

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

N/A

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
KENNETH WATKINS	PRESIDENT	25.00	Director	$0	$0	$0
BROOKS BENTON	SECRETARY	1.00	Officer	$0	$0	$0
LARRY POOL	TREASURER	4.00	Officer	$0	$0	$0
PATSY WATKINS	VICE PRESIDENT	25.00	Officer	$0	$0	$0
WILLIAM WARE	SECRETARY	4.00	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	No data	No data	No data	No data
2023	$162,222	$208,361	$19,901	$-46,139
2022	$167,408	$180,172	$66,040	$-12,764
2021	$402,034	$338,144	$78,804	$63,890
2020	$277,593	$266,741	$37,896	$10,852
2019	$159,600	$164,830	$27,044	$-5,230

STEP OF FAITH OUTREACH INC