BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROJECT STEP INC, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $525K, a strong 34% operating margin.
PROJECT STEP, INC., (PROJECT STEP) WAS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION IN 1983 UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS. PROJECT STEP USES CLASSICAL MUSIC TRAINING TO BRING POSITIVE CHANGE TO THE LIVES OF STUDENTS, THEIR FAMILIES, AND THEIR COMMUNITIES. THE ORGANIZATION IDENTIFIES MUSICALLY TALENTED STUDENTS FROM UNDERREPRESENTED RACIAL AND ETHNIC MINORITIES AT AN EARLY AGE AND PROVIDES THEM WITH A COMPREHENSIVE MUSIC PROGRAM THAT PREPARES THEM TO COMPETE AT THE HIGHEST LEVELS. PROJECT STEP'S GOALS ARE TO EXPAND THE LIVES OF STUDENTS THROUGH MUSIC, HELPING THEM REACH THEIR POTENTIAL, AND TO BRING DIVERSITY TO THE FIELD OF CLASSICAL MUSIC. BY TEACHING THE VALUES OF RESPONSIBILITY, RESPECT, PERSEVERANCE AND JOY IN ACHIEVEMENT THROUGH LEARNING A STRING INSTRUMENT, PROJECT STEP DEVELOPS STRONG, PRODUCTIVE AND HAPPY ADULTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,554,797 | $6,539,500 | -0.8% |
| Expenses | $1,030,190 | $772,822 | +0.3% |
| Net Income | $524,607 | $5,766,678 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ELISA PEPE | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALEX MCCRAY | VICE PRESIDE | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MEGHAN JASANI | VICE PRESIDE | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTOPHER MACKEY | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| AUDLEY FULLER | CLERK | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIANE AUSTIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MELINDA CHESTON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GRAHAM ROBINSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ASHLEIGH GORDON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CARLA HAITH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JENELLE LAWSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MALIK WILLIAMS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL HOYLE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KAREN MCINNIS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ADAM CALUS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSU GONZLEZ | EXECUTIVE DI | 40.00 |
Officer
|
$98,825 | $6,896 | $105,721 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,554,797 | $1,030,190 | $9,366,101 | $524,607 |
| 2023 | $6,539,500 | $772,822 | $8,904,494 | $5,766,678 |
| 2022 | $817,605 | $745,571 | $2,909,410 | $72,034 |
| 2022 | $889,419 | $733,464 | $2,993,781 | $155,955 |
| 2021 | $1,064,600 | $684,200 | $3,419,200 | $380,400 |
| 2020 | $828,100 | $607,100 | $2,583,700 | $221,000 |
| 2019 | $808,100 | $672,000 | $2,236,400 | $136,100 |
| 2018 | $759,239 | $710,435 | $2,109,744 | $48,804 |
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