THE FIRST STEP HOME INC (EIN 311328492) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

MORGAN GIBSON

Phone

5139614663

Tax Period

2024-07-01 to 2025-06-30

THE FIRST STEP HOME INC, founded in 1990, is a community nonprofit in the Human Services sector that reported $4.4M in total revenue in fiscal year 2024. Expenses of $3.9M left a modest 12% surplus.

Mission

TO ASSIST WOMEN IN REBUILDING THEIR FAMILIES AS THEY BREAK THE CYCLE OF DRUG AND ALCOHOL ADDICTION AND IMPROVE THEIR MENTAL HEALTH STATUS SO THAT THEY CAN RETURN TO THEIR COMMUNITIES AS SELF-SUFFICIENT WOMEN CAPABLE OF PROVIDING A SAFE AND NURTURING ENVIRONMENT FOR THEIR CHILDREN AND THEMSELVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,503,722

Program Service Revenue $1,898,144

Investment Income $38,496

Other Revenue $0

TOTAL REVENUE $4,440,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,651,424

Fundraising Expenses $95,950

Program Expenses $2,674,734

Other Expenses $1,277,605

TOTAL EXPENSES $3,929,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,440,362	$4,271,206	+0.0%
Expenses	$3,929,029	$3,898,896	+0.0%
Net Income	$511,333	$372,310	+0.4%

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

$270,201

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGIE HATER	TRUSTEE/CHAIRPERSON	3.00	Officer Director	$0	$0	$0
SARA BREIEL	TRUSTEE/VICE CHAIRPERSON	3.00	Officer Director	$0	$0	$0
HUGH O'DONNELL	TRUSTEE/SECRETARY	2.00	Officer Director	$0	$0	$0
GINA CROWLEY	TRUSTEE/TREASURER	2.00	Officer Director	$0	$0	$0
JEREL COLEMAN	TRUSTEE	2.00	Director	$0	$0	$0
CAMERON FOSTER	TRUSTEE	2.00	Director	$0	$0	$0
MAUREEN HEEKIN	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY HENDRICKS	TRUSTEE	2.00	Director	$0	$0	$0
ROB MORAND	TRUSTEE	2.00	Director	$0	$0	$0
ERIC STUHLDREHER	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH TUCK ESQ	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN G VOLLMER JR	TRUSTEE	2.00	Director	$0	$0	$0
CAROLE MONTROUE MILES	TRUSTEE (TO 09/2024)	2.00	Director	$0	$0	$0
GREG EBEL	TRUSTEE (TO 09/2024)	2.00	Director	$0	$0	$0
MARY SCHWADERER	TRUSTEE (TO 05/2025)	2.00	Director	$0	$0	$0
CASSIDY LEKAN	PRESIDENT/CEO (TO 08/24)	40.00	Officer	$99,211	$10,705	$109,916
MORGAN GIBSON	PRESIDENT/CEO (FROM 08/24)	40.00	Officer	$51,321	$11,670	$62,991
JANE BENEFIEL	DIR. OF FINANCE	40.00	Officer	$84,787	$12,507	$97,294

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	$4,440,362	$3,929,029	$6,258,881	$511,333
2024	$4,271,206	$3,898,896	$5,733,528	$372,310
2023	$4,386,754	$4,895,315	$5,810,964	$-508,561
2022	$4,860,052	$4,966,757	$6,580,498	$-106,705
2021	$6,186,773	$4,548,573	$7,073,517	$1,638,200
2020	$5,113,969	$4,322,393	$5,871,193	$791,576
2019	$4,451,879	$3,628,195	$5,108,900	$823,684
2018	$3,648,766	$3,537,997	$4,637,647	$110,769

THE FIRST STEP HOME INC