Forward Steps Foundation

EIN: 205092412 501(c)(3) Human Services

BOULDER, CO

Total Revenue
$538,577
Total Expenses
$458,297
Total Assets
$301,022
Net Assets
$294,430
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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
CO
Phone
3034049966
Tax Period
2024-01-01 to 2024-12-31

Forward Steps Foundation, founded in 2006, is a small nonprofit in the Human Services sector that reported $539K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $458K left a modest 15% surplus.

Mission

Guardian Scholars: The Guardian Scholars program serves current and former foster youth in Colorado providing financial support, 1:1 mentoring, and navigation and wrap around supports as scholars enroll, pursue, and complete their postsecondary educations, and enter the workforce earning a sustainable wage. Realizing Aptitudes: provides customized career and postsecondary readiness coaching to youth and young adults facing adversity, emphasizing a multiple pathway model and 1:1 approach to meet each youth where they?re at and help them build a vision of what?s possible for their futures.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $539,770
Program Service Revenue $0
Investment Income $-1,193
Other Revenue $0
TOTAL REVENUE $538,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $309,087
Fundraising Expenses $73,661
Program Expenses $342,709
Other Expenses $149,210
TOTAL EXPENSES $458,297

Year-over-Year Comparison

2024 2023 Change
Revenue $538,577 $419,817 +0.3%
Expenses $458,297 $341,445 +0.3%
Net Income $80,280 $78,372 +0.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
30

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER FALKOSKI Executive Director 40.00
$111,802 $0 $111,802
ROB TIERNAN President 1.00
Officer Director
$0 $0 $0
STEFAN MAGNUSSON Treasurer 1.00
Officer Director
$0 $0 $0
JEFF MENDEL Secretary 1.00
Officer Director
$0 $0 $0
JANEL DOMENICO Director 1.00
Director
$0 $0 $0
STUART LORD Director 1.00
Director
$0 $0 $0
SHANTEL MCMEEKIN Director 1.00
Director
$0 $0 $0
ERIC VEVE Director 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 $538,577 $458,297 $301,022 $80,280
2023 $419,817 $341,445 $217,844 $78,372
2022 $452,914 $437,350 $142,817 $15,564
2021 $327,333 $387,387 $136,088 $-60,054
2020 $260,432 $213,051 $156,281 $47,381
2019 $259,662 $224,805 $138,378 $34,857
2018 $321,643 $297,003 $105,114 $24,640
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