STEPPING STONES (EIN 364976012) - 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

2020

Legal Domicile

Principal Officer

Kathy Farland

Phone

6037873016

Tax Period

2023-01-01 to 2023-12-31

STEPPING STONES, founded in 2020, is a small nonprofit in the Human Services sector that reported $495K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $568K exceeded revenue, resulting in a 15% operating deficit.

Mission

Stepping Stone's mission is to help homeless, unaccompanied youth up to age 25 become happy, self-sufficient adults.

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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 (2023)

Revenue Breakdown

Contributions & Grants $478,736

Program Service Revenue $16,483

Investment Income $26

Other Revenue $0

TOTAL REVENUE $495,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $326,787

Fundraising Expenses $28,174

Program Expenses $517,619

Other Expenses $240,905

TOTAL EXPENSES $567,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$495,245	$404,461	+0.2%
Expenses	$567,692	$210,357	+1.7%
Net Income	$-72,447	$194,104	-1.4%

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

Total Directors

Key Employees

$51,048

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Farland	Executive Director	40	Key Emp	$51,048	$0	$51,048
George Hickey	Vice- President	4	Director	$0	$0	$0
Jessica May	President/Treasurer	4	Director	$0	$0	$0
Danielle Guruge	Secretary	4	Director	$0	$0	$0
Michelle Canto	Director	4	Director	$0	$0	$0
Debra McGadden	Director	4	Director	$0	$0	$0
Jennifer Leblanc	Director	4	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
2023	$495,245	$567,692	$165,646	$-72,447
2022	$404,461	$210,357	$228,074	$194,104

STEPPING STONES