STEPS TO SUCCESS INC

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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

2014

Legal Domicile

Principal Officer

RACHEL GOODMAN

Phone

6177135310

Tax Period

2024-07-01 to 2025-06-30

STEPS TO SUCCESS INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $1.2M left a modest 5% surplus.

Mission

TO PROMOTE EQUITY FOR STUDENTS FROM LOW-INCOME FAMILIES IN BROOKLINE BY EXPANDING THEIR HORIZONS, BUILDING UPON THEIR SKILLS, AND SUPPORTING THEIR EDUCATIONAL JOURNEY IN ORDER TO MAXIMIZE THEIR LIFE CHOICES.

Program Service Accomplishments

Program 1

Expenses: $893,659 Revenue: $239,740

ENHANCE EDUCATIONAL OUTCOMES FOR STUDENTS FROM LOW-INCOME FAMILIES

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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 $921,981

Program Service Revenue $239,740

Investment Income $60,044

Other Revenue $0

TOTAL REVENUE $1,221,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $911,495

Fundraising Expenses $138,187

Program Expenses $893,659

Other Expenses $247,988

TOTAL EXPENSES $1,159,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,221,765	$1,512,106	-0.2%
Expenses	$1,159,483	$1,116,751	+0.0%
Net Income	$62,282	$395,355	-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

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

$142,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL GOODMAN	CHAIR	5.00	Officer Director	$0	$0	$0
JULIE BURKLEY	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JUDY KATZ	TREASURER	5.00	Officer Director	$0	$0	$0
LESLY SURIEL GUERRERO	CLERK	5.00	Officer Director	$0	$0	$0
NIA JACOBS	EXECUTIVE DI	40.00	Officer	$141,237	$888	$142,125
CANDY ALTMAN	DIRECTOR	2.00	Director	$0	$0	$0
JASON HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
JUDY LEVENSON	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN NWAFOR	DIRECTOR	2.00	Director	$0	$0	$0
LYV NORRIS	DIRECTOR	2.00	Director	$0	$0	$0
AMMARAH REHMAN	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN SWANGER	DIRECTOR	2.00	Director	$0	$0	$0
EMY TAKINAMI	DIRECTOR	2.00	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
2025	$1,221,765	$1,159,483	$1,790,079	$62,282
2024	No data	No data	No data	No data
2023	$1,291,669	$1,352,871	$1,524,584	$-61,202
2022	$1,569,991	$894,608	$1,308,061	$675,383
2021	$1,003,565	$816,883	$647,174	$186,682
2020	$776,909	$759,919	$516,068	$16,990
2019	$613,707	$770,436	$364,246	$-156,729
2018	$642,950	$810,123	$521,222	$-167,173