EARLY STEPS LEARNING FOUNDATION (EIN 464224707) - 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

2016

Legal Domicile

Principal Officer

GARSHENA STEWART

Phone

7632002532

Tax Period

2024-01-01 to 2024-12-31

EARLY STEPS LEARNING FOUNDATION, founded in 2016, is a small nonprofit in the Human Services sector that reported $467K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $451K left a modest 3% surplus.

Mission

Early Steps Learning Foundation provides high quality childcare to children from 16 months to 5 years of age. We emphasize on providing a safe, fun learning environment where children can explore while their growth and development is nurtured.

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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 $0

Program Service Revenue $451,272

Investment Income $0

Other Revenue $15,581

TOTAL REVENUE $466,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,670

Fundraising Expenses $0

Program Expenses $449,914

Other Expenses $218,194

TOTAL EXPENSES $450,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$466,853	$384,953	+0.2%
Expenses	$450,864	$428,215	+0.1%
Net Income	$15,989	$-43,262	-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

$113,869

Total Directors

$27,984

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARSHENA STEWART	EXECUTIVE DIRECTOR	50.00	Officer	$62,820	$0	$62,820
NORA KELLY	VICE CHAIRWOMAN	40.00	Officer Director	$27,984	$0	$27,984
TIFFANY MCGEE	TREASURER	40.00	Officer	$23,065	$0	$23,065
MARY BADY	SECRETARY	1.00	Director	$0	$0	$0
MARZELL MCGEE	BOARD MEMBER	1.00	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	$466,853	$450,864	$115,027	$15,989
2023	$384,953	$428,215	$101,174	$-43,262
2022	$511,408	$475,957	$144,436	$35,451
2021	$327,019	$303,359	$71,228	$23,660
2020	$244,180	$222,728	$71,576	$21,452
2019	$240,615	$240,828	$1,059	$-213

EARLY STEPS LEARNING FOUNDATION