STEPS PROGRAM INC (EIN 383849052) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

AARON RAKOW

Phone

8887321022

Tax Period

2024-07-01 to 2025-06-30

STEPS PROGRAM INC, founded in 2011, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 14% surplus.

Mission

TO EMPOWER STUDENTS LIVING WITH LEARNING AND SOCIAL CHALLENGES THROUGH STRUCTURED POST-SECONDARY SUPPORT. WORKING CLOSELY WITH HIGH SCHOOLS, COLLEGES AND FAMILIES, WE EMPHASIZE PEER-TO-PEER SERVICES THAT BUILD CONFIDENCE AND SUCCESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $392,303

Program Service Revenue $3,365,091

Investment Income $61,585

Other Revenue $5,462

TOTAL REVENUE $3,824,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,978,546

Fundraising Expenses $0

Program Expenses $3,199,918

Other Expenses $314,428

TOTAL EXPENSES $3,292,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,824,441	$3,298,389	+0.2%
Expenses	$3,292,974	$3,068,749	+0.1%
Net Income	$531,467	$229,640	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

289

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

$306,067

Total Directors

$306,067

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON RAKOW	CEO	40.00	Officer Director	$107,399	$180	$107,579
LAUREN MERRITT	COO	40.00	Officer Director	$166,417	$32,071	$198,488
TED YOUNG	CHAIR	1.50	Officer Director	$0	$0	$0
PATRICIA PRELOCK	SECRETARY	1.50	Officer Director	$0	$0	$0
GEORGE DALY	TREASURER	1.50	Officer Director	$0	$0	$0
JENNIFER MARKOWITZ	TRUSTEE	1.50	Director	$0	$0	$0
DAVE KEARON	TRUSTEE	1.50	Director	$0	$0	$0
WILLIAM BLUM	DIRECTOR OF FINANCE	40.00	Highest	$112,838	$10,028	$122,866

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	$3,824,441	$3,292,974	$2,822,812	$531,467
2024	$3,298,389	$3,068,749	$2,372,574	$229,640
2023	$2,961,017	$2,696,572	$2,082,030	$264,445
2022	$2,826,005	$2,552,316	$1,865,971	$273,689
2021	$2,595,775	$2,346,543	$1,679,385	$249,232
2018	$2,061,394	$2,014,230	$1,253,963	$47,164

STEPS PROGRAM INC