STEP STUDENT EXPEDITION PROGRAM INC

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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

2003

Legal Domicile

Principal Officer

TRACY BAYNES

Phone

5206091149

Tax Period

2022-09-01 to 2023-08-31

STEP STUDENT EXPEDITION PROGRAM INC, founded in 2003, is a small nonprofit in the Education sector that reported $858K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $780K left a modest 9% surplus.

Mission

EMPOWER UNDERSERVED ARIZONA STUDENTS TO ENROLL IN AND GRADUATE FROM COLLEGE. STEP CURRENTLY WORKS WITH OVER 200 LOW-INCOME HIGH-SCHOOL STUDENTS YEARLY. A MAJORITY OF STEP STUDENTS ARE THE FIRST GENERATION IN THEIR FAMILY TO SEEK A COLLEGE DEGREE. TO DATE, 96 OF STEPS COLLEGE-PREP ALUMNI ARE IN COLLEGE OR HAVE ATTAINED A COLLEGE DEGREE.

Program Service Accomplishments

Program 1

Expenses: $682,843

COLLEGE-PREP PROGRAM STEP PROVIDED ITS COMPREHENSIVE COLLEGE-PREP PROGRAM TO OVER 200 LOW-INCOME ARIZONA HIGH-SCHOOL STUDENTS LAST YEAR. STEPS GRADUATING CLASS OF 2023 ARE ATTENDING THE THREE ARIZONA STATE UNIVERSITIES AS WELL AS TOP-RANKED SCHOOLS NATIONWIDE INCLUDING HARVARD, YALE, STANFORD, BROWN, DUKE, JOHNS HOPKINS, NORTHWESTERN, VANDERBILT, POMONA, AND WILLIAMS. STEPS CLASS OF 2023 RECEIVED OVER 4 MILLION IN 1ST-YEAR GIFT AID FROM THE SCHOOLS THEY ARE ATTENDING, CORRESPONDING TO OVER 16 MILLION FOR THE NEXT FOUR YEARS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $848,171

Program Service Revenue $0

Investment Income $9,400

Other Revenue $0

TOTAL REVENUE $857,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $390,835

Fundraising Expenses $66,580

Program Expenses $682,843

Other Expenses $389,371

TOTAL EXPENSES $780,206

Year-over-Year Comparison

	2022	2021	Change
Revenue	$857,571	$736,377	+0.2%
Expenses	$780,206	$693,279	+0.1%
Net Income	$77,365	$43,098	+0.8%

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

106

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

$104,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY BAYNES	FOUNDER, PRESIDENT, AND CEO	040.00	Officer	$99,000	$5,200	$104,200
ANDREW WHITE	BOARD CHAIR	001.00	Officer Director	$0	$0	$0
FRED PAKIS	BOARD TREASURER	001.00	Officer Director	$0	$0	$0
DEBORA LUNA	BOARD SECRETARY	001.00	Officer Director	$0	$0	$0
CHARLES LAYNE	DIRECTOR	001.00	Director	$0	$0	$0
CHRISTY BURTON	DIRECTOR	001.00	Director	$0	$0	$0
JAMIE ROSENTHAL	DIRECTOR	001.00	Director	$0	$0	$0
JESUS RAMIREZ	DIRECTOR	001.00	Director	$0	$0	$0
JOAN LOWELL	DIRECTOR	001.00	Director	$0	$0	$0
JOE SCHENK	DIRECTOR	001.00	Director	$0	$0	$0
MORRIS SCOTT	DIRECTOR	001.00	Director	$0	$0	$0
PATTI PARRA	DIRECTOR SINCE 10/01/22	001.00	Director	$0	$0	$0
SANDRA GRIJALVA	DIRECTOR	001.00	Director	$0	$0	$0
SUSAN ERLER	DIRECTOR	001.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$857,571	$780,206	$1,051,853	$77,365
2022	$736,377	$693,279	$939,183	$43,098
2021	$562,472	$480,498	$960,786	$81,974
2020	$547,374	$358,496	$938,901	$188,878
2019	$483,787	$475,878	$706,078	$7,909
2018	$476,354	$386,673	$698,891	$89,681