STAIRSTEP FOUNDATION

🔒

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

1992

Legal Domicile

Principal Officer

Alfred Babington-Johnson

Phone

6125213110

Tax Period

2023-01-01 to 2023-12-31

STAIRSTEP FOUNDATION, founded in 1992, is a small nonprofit in the Human Services sector that reported $911K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $879K left a modest 4% surplus.

Mission

The Organization's purpose is to reinforce community values, create community building models and to facilitate community building activities by and with others.

Program Service Accomplishments

Program 1

Expenses: $767,883 Revenue: $0

Stairstep Foundation convenes and facilitates His Works United (HWU). HWU is the largest ecumenical collaboration of African American Churches in the state of Minnesota. The church network brings...

Stairstep Foundation convenes and facilitates His Works United (HWU). HWU is the largest ecumenical collaboration of African American Churches in the state of Minnesota. The church network brings practical services outside the walls of the churches to the spaces and places of community need. There is a Balm - deploys health site coordinators into the church network to promote healthy lifestyles and appropriate prevention activities (screenings, vaccinations, exercise, etc.).

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $911,334

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $911,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,288

Fundraising Expenses $5,940

Program Expenses $767,883

Other Expenses $678,608

TOTAL EXPENSES $878,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$911,334	$1,527,721	-0.4%
Expenses	$878,896	$1,488,541	-0.4%
Net Income	$32,438	$39,180	-0.2%

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

Volunteers

100

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

$113,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alfred Babinton-Johnson	President and CEO	40	Officer	$102,176	$11,419	$113,595
Wilhemenia Buckner	Board Member	2	Director	$0	$0	$0
James Thomas	Board Member	2	Director	$0	$0	$0
Mahmoud El-Kati	Board Member	2	Director	$0	$0	$0
Keith Elzia	Board Chair	2	Officer Director	$0	$0	$0
David Johnson	Treasurer	2	Officer Director	$0	$0	$0
Linda Sloan	Secretary	2	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	$911,334	$878,896	$729,196	$32,438
2022	$1,527,721	$1,488,541	$653,209	$39,180
2021	$2,069,991	$1,862,845	$447,520	$207,146
2020	$895,059	$836,381	$267,002	$58,678