FRONT STEP 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

2000

Legal Domicile

Phone

6102095624

Tax Period

2023-04-01 to 2024-03-31

FRONT STEP INC, founded in 2000, is a small nonprofit in the Human Services sector that reported $255K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

Front Step works with the community to provide services that contribute to the quality of life of those of the Stenton Park neighborhood of Philadelphia and beyond. Our mission seeks to accomplish positive impact for existing challenges including poverty societal pressures and educational deficiencies. Our main audience focus is children and youth but Front Step also provides compassionate assistance to people of all ages.

Program Service Accomplishments

Program 1

Expenses: $56,576 Revenue: $0

Operation of buildings for programs and compassionate assistance

Program 2

Expenses: $5,291 Revenue: $0

Mentoring Program

Program 3

Expenses: $90,053 Revenue: $0

Compassionate assistance

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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 $229,539

Program Service Revenue $23,500

Investment Income $1,502

Other Revenue $0

TOTAL REVENUE $254,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,234

Fundraising Expenses $23,801

Program Expenses $220,824

Other Expenses $177,770

TOTAL EXPENSES $253,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$254,541	$187,649	+0.4%
Expenses	$253,004	$354,702	-0.3%
Net Income	$1,537	$-167,053	-1.0%

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

Governance

Voting Members

Independent Members

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

$5,100

Total Directors

$42,000

Key Employees

$18,818

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Freddie Perez	Building Program Assistant	7.00	Key Emp	$3,818	$0	$3,818
Mark Anderson	Board Member	1.00	Director	$0	$0	$0
Collette Butler	Board Member	1.00	Director	$0	$0	$0
Sandra CollazoLopez	Board Member	1.00	Director	$0	$0	$0
Wesly Felix	Board Member	1.00	Director	$0	$0	$0
Tom Laymon	Board Member	1.00	Director	$0	$0	$0
Willie McFadden	Board Member	1.00	Director	$0	$0	$0
Wilfred Snell	Board Member	1.00	Director	$0	$0	$0
Rev Kerry Willis	Chairman of the Board	2.00	Officer	$0	$0	$0
Rev R Wesley Tink	Executive Director	40.00	Director	$42,000	$0	$42,000
Rev Byron Hannon	Board Secretary	1.00	Officer	$0	$0	$0
Richard Hardie	Treasurer	2.00	Officer	$5,100	$0	$5,100
Rachelle Small	Director Assistance	40.00	Key Emp	$15,000	$0	$15,000

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	$254,541	$253,004	$444,517	$1,537
2023	$187,649	$354,702	$597,265	$-167,053
2022	$144,944	$178,028	$627,429	$-33,084
2021	$130,066	$146,310	$660,513	$-16,244