STEP INC (EIN 410874998) - 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

1970

Legal Domicile

Principal Officer

NED KOPPEN

Phone

5072384341

Tax Period

2023-01-01 to 2023-12-31

STEP INC, founded in 1970, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 11% surplus.

Mission

TO ENABLE PEOPLE WITH DISABILITIES TO LIVE AND WORK IN OUR COMMUNITIES

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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 $4,840

Program Service Revenue $2,905,710

Investment Income $6,492

Other Revenue $0

TOTAL REVENUE $2,917,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,006,671

Fundraising Expenses $0

Program Expenses $2,062,914

Other Expenses $578,119

TOTAL EXPENSES $2,584,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,917,042	$2,435,765	+0.2%
Expenses	$2,584,790	$2,253,122	+0.1%
Net Income	$332,252	$182,643	+0.8%

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

171

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

$124,831

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NED KOPPEN	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
BILL BUSSE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARLENE HANSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB ENGMAN	TREASURER	2.00	Officer Director	$0	$0	$0
TERESA DAVISON	DIRECTOR	1.00	Director	$0	$0	$0
DAWN FULLERTON	DIRECTOR	1.00	Director	$0	$0	$0
MARK HERNES	DIRECTOR	1.00	Director	$0	$0	$0
TONY ROSENER	DIRECTOR	1.00	Director	$0	$0	$0
JIM SIMSER	DIRECTOR	1.00	Director	$0	$0	$0
BETH SWITRAS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WELLS	DIRECTOR	1.00	Director	$0	$0	$0
SUE EISENMENGER	EXECUTIVE DIRECTOR - PART YEAR	40.00	Officer	$71,557	$2,949	$74,506
HEIDI SMITH	EXECUTIVE DIRECTOR	45.00	Officer	$49,020	$1,305	$50,325

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	$2,917,042	$2,584,790	$2,657,646	$332,252
2022	$2,435,765	$2,253,122	$2,287,771	$182,643
2021	$2,390,251	$1,715,635	$2,027,427	$674,616
2020	$1,832,694	$1,604,505	$1,344,867	$228,189
2019	$1,910,510	$1,812,471	$1,103,434	$98,039
2018	$1,686,361	$1,689,996	$989,812	$-3,635

STEP INC