STEPS TO WELLNESS 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

2018

Legal Domicile

Principal Officer

Shirley Woolfolk

Phone

2163746245

Tax Period

2020-01-01 to 2020-12-31

STEPS TO WELLNESS INC, founded in 2018, is a micro nonprofit in the Mental Health sector that reported $24K in total revenue in fiscal year 2020. The organization ran a surplus of $20K, a strong 81% operating margin.

Mission

Steps to Wellness, Inc. began in 2018 and it has grown out of the vision of the CEO and founder, Shirley Woolfolk, who is a Doctoral Clinical Psychology Candidate, Human Services Board Certified Practitioner, and also a Licensed Independent Chemical Dependency Counselor. The staff at Steps to Wellness has over thirty years of experience in Addiction Counseling, and recognizes that there is not one clear path to recovery, and that each client designs their own path to recovery. We are committed at Steps to Wellness to helping clients improve their quality of life, and we also express the sentiment that encourages clients to recognize that recovery is truly possible, and that with patience, consistency, and working from a holistic approach with the substance use disorder population, that recovery can happen. The instillation of hope augments the path to recovery.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

n/a

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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 (2020)

Revenue Breakdown

Contributions & Grants $24,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $24,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,500

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,200

TOTAL EXPENSES $4,700

Year-over-Year Comparison

	2020	2019	Change
Revenue	$24,500	$24,500	N/A
Expenses	$4,700	$2,500	+0.9%
Net Income	$19,800	$22,000	-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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shirley Woolfolk	CEO	40	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	$24,500	$4,700	$19,800	$19,800