STEP BY STEP MINISTRY HOPE PROJECT… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

Angela Hurks

Phone

8649911388

Tax Period

2022-01-01 to 2022-12-31

STEP BY STEP MINISTRY HOPE PROJECT INCORPORATED, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $428K in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $408K left a modest 5% surplus.

Mission

Step By Step Ministry Hope Project is to help formerly incarnated single women and women with children to help break the cycle of entrapment in the criminal justice system, develop leadership skills for healthy and satisfying lives and to access resources such as employment and housing.

Program Service Accomplishments

Program 1

Expenses: $305,424 Revenue: $427,921

Step By Step Ministry Hope Project has created a healing environment for women who have encounter the criminal Justice System. Clients and residents receiving our services are predominantly white...

Step By Step Ministry Hope Project has created a healing environment for women who have encounter the criminal Justice System. Clients and residents receiving our services are predominantly white females ages 18 to 55 years old (93%) and African American females 25 to 62 years (7%).

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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 $414,071

Program Service Revenue $13,850

Investment Income $0

Other Revenue $0

TOTAL REVENUE $427,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,498

Fundraising Expenses $0

Program Expenses $305,424

Other Expenses $245,229

TOTAL EXPENSES $407,727

Year-over-Year Comparison

	2022	2021	Change
Revenue	$427,921	$247,012	+0.7%
Expenses	$407,727	$228,507	+0.8%
Net Income	$20,194	$18,505	+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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

$27,917

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Hurks	Executive Director	50	Key Emp	$27,917	$0	$27,917
Emily Dymski	Chair Person	0	Officer	$0	$0	$0
Willa Jones	Secretary	1	Officer	$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
2022	$427,921	$407,727	$873,095	$20,194
2021	$247,012	$231,207	$177,918	$15,805
2021	$247,012	$228,507	$177,918	$18,505
2020	$207,501	$179,023	$141,347	$28,478

STEP BY STEP MINISTRY HOPE PROJECT INCORPORATED