STEER INC (EIN 450262160) - 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

1976

Legal Domicile

Principal Officer

BEAU BENDIGO

Phone

7012584911

Tax Period

2024-07-01 to 2025-06-30

STEER INC, founded in 1976, is a community nonprofit in the Religion sector that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 11% surplus.

Mission

CENTERED ON THE LORD JESUS CHRIST, THE MISSION OF STEER, INC. SHALL BE TO ADVANCE THE WORK OF THE LORD JESUS CHRIST ON EARTH BY PROVIDING FINANCIAL SUPPORT FOR MEMBER MISSION SOCIETIES TO TAKE THE GOSPEL TO ALL NATIONS OF THE WORLD BEFORE THE COMING OF JESUS CHRIST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $517,937

Program Service Revenue $143,949

Investment Income $346,793

Other Revenue $1,842,759

TOTAL REVENUE $2,851,438

Expense Breakdown

Grants Paid $1,761,385

Salaries & Benefits $482,180

Fundraising Expenses $219,656

Program Expenses $2,043,344

Other Expenses $297,218

TOTAL EXPENSES $2,540,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,851,438	$2,514,974	+0.1%
Expenses	$2,540,783	$2,184,632	+0.2%
Net Income	$310,655	$330,342	-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

Employees

Volunteers

400

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

$287,174

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY HAUCK	DIRECTOR (CHAIR)	1.00	Officer Director	$0	$0	$0
ROD ZIMMERMAN	DIRECTOR (VICE CHAIR)	1.00	Officer Director	$0	$0	$0
BRUCE SCHAUER	DIRECTOR (TREASURER)	1.00	Officer Director	$0	$0	$0
DOUG SCHELHAAS	DIRECTOR (SECRETARY)	1.00	Officer Director	$0	$0	$0
RAMON BARNES	DIRECTOR	1.00	Director	$0	$0	$0
KRIS BOGAR	DIRECTOR	1.00	Director	$0	$0	$0
KURTIS COUNTESS	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN DECKERT	DIRECTOR	1.00	Director	$0	$0	$0
JERROD MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
BRENT PETERSEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM SAILER	DIRECTOR	1.00	Director	$0	$0	$0
ARLYN SCHERBENSKE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SLEEP	DIRECTOR	1.00	Director	$0	$0	$0
IAN ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
BEAU BENDIGO	DIRECTOR (TERM 4/2025)	1.00	Director	$0	$0	$0
KEITH KOST TERM 123124	EXECUTIVE DIRECTOR/CEO	40.00	Officer	$106,919	$18,193	$125,112
IVAN FRIESEN TERM 53125	ACTING EXECUTIVE DIRECTOR	40.00	Officer	$78,275	$18,541	$96,816
KARN LAMON	CONTROLLER	40.00	Officer	$56,525	$8,721	$65,246

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	$2,851,438	$2,540,783	$7,942,671	$310,655
2024	No data	No data	No data	No data
2023	$2,013,738	$1,824,369	$6,881,534	$189,369
2022	$1,967,390	$1,761,532	$6,400,196	$205,858
2021	$1,887,900	$1,718,567	$6,553,436	$169,333
2020	$1,870,450	$1,711,019	$5,918,539	$159,431
2019	$2,052,420	$1,833,442	$5,801,733	$218,978

STEER INC