Baby Steps (EIN 320412571) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Phone

3345598277

Tax Period

2023-01-01 to 2023-12-31

BABY STEPS, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $338K in total revenue in fiscal year 2020. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 25% operating margin.

Mission

To create a culture of empowerment that changes how universities, communities, and society as a whole respond to and support Student-Moms across the nation.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $703,015

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $703,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $462,443

Fundraising Expenses $98,292

Program Expenses $514,290

Other Expenses $250,505

TOTAL EXPENSES $712,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$703,015	$439,112	+0.6%
Expenses	$712,948	$409,035	+0.7%
Net Income	$-9,933	$30,077	-1.3%

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

120

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

$70,471

Total Directors

$129,951

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle Schultz	Executive Dir.	40.00	Officer Director	$70,471	$0	$70,471
Kaitlyn Willing	Director	40.00	Director	$59,480	$0	$59,480
Nicole Gillon	Director	0.00	Director	$0	$0	$0
Kerri Hensarling	Chairman	0.00	Officer Director	$0	$0	$0
Bob Pate	Director	0.00	Officer Director	$0	$0	$0
Shelly Adams	Secretary	0.00	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
2024	No data	No data	No data	No data
2023	$703,015	$712,948	$406,480	$-9,933
2022	$469,184	$373,366	$409,510	$95,818
2021	$419,558	$315,450	$370,438	$104,108
2020	$338,265	$254,640	$273,237	$83,625

Baby Steps