FIRST FEW STEPS INC

EIN: 237448387 501(c)(3)

PALMER, MA

Total Revenue
$58,577
Total Expenses
$12,214
Total Assets
N/A
Net Assets
N/A
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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
1973
Legal Domicile
MA
Principal Officer
STEVEN CORMIER
Phone
4132834646
Tax Period
2019-07-01 to 2020-06-30

FIRST FEW STEPS INC, founded in 1973, is a micro nonprofit that reported $59K in total revenue in fiscal year 2019. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $46K, a strong 79% operating margin.

Mission

TO HOLD REAL PROPERTY TO BE USED AS FACILITIES FOR PROGRAMS AND SERVICES FOR SPECIAL NEEDS INDIVIDUALS

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,495
Investment Income $47,082
Other Revenue $0
TOTAL REVENUE $58,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,034
Other Expenses $12,214
TOTAL EXPENSES $12,214

Year-over-Year Comparison

2019 2018 Change
Revenue $58,577 $65,017 -0.1%
Expenses $12,214 $10,715 +0.1%
Net Income $46,363 $54,302 -0.1%
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
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN CORMIER PRESIDENT & N/A
Officer Director
$0 $0 $0
JOHN VDOVJAK CLERK N/A
Officer 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
2020 $58,577 $12,214 No data $46,363
2019 $65,017 $10,715 $1,524,087 $54,302
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