STEP FOUNDATION (EIN 481148882) - 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

1993

Legal Domicile

Principal Officer

TIM ROTTINGHAUS

Phone

7852940312

Tax Period

2024-01-01 to 2024-12-31

STEP FOUNDATION, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $725K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $342K, a strong 47% operating margin.

Mission

ENRICH LIFE IN NEMAHA COUNTY, KANSAS BY ENCOURAGING PHILANTHROPY TO DEVELOP A PERMANENT ENDOWMENT THAT WILL RESPOND TO CHANGING NEEDS AND SERVE AS A RESOURCE FOR ECONOMIC, EDUCATION, HEALTH, CULTURAL AND RECREATIONAL OPPORTUNITIES.

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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 $580,171

Program Service Revenue $0

Investment Income $144,609

Other Revenue $-38

TOTAL REVENUE $724,742

Expense Breakdown

Grants Paid $299,227

Salaries & Benefits $57,700

Fundraising Expenses $0

Program Expenses $382,671

Other Expenses $25,744

TOTAL EXPENSES $382,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$724,742	$445,878	+0.6%
Expenses	$382,671	$130,441	+1.9%
Net Income	$342,071	$315,437	+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

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

Total Directors

$53,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN HEIMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
MAGGIE GRIER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
LEON HAVERKAMP	SECRETARY	N/A	Officer Director	$0	$0	$0
TIM ROTTINGHAUS	TREASURER	N/A	Officer Director	$0	$0	$0
BONNIE MEEKS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN LEHMAN	DIRECTOR	N/A	Director	$0	$0	$0
STACIE KORTE	DIRECTOR	N/A	Director	$0	$0	$0
ANISSA BLOOM	DIRECTOR	N/A	Director	$0	$0	$0
DUSTIN WALTERS	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN FELDKAMP	DIRECTOR	N/A	Director	$0	$0	$0
RENEE MEYER	DIRECTOR	N/A	Director	$0	$0	$0
TAMI MARS	DIRECTOR	N/A	Director	$0	$0	$0
TORY JOST	EXECUTIVE DI	20.00	Director	$53,600	$0	$53,600

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	$724,742	$382,671	$2,792,977	$342,071
2023	$445,878	$130,441	$2,427,035	$315,437
2022	$404,050	$109,650	$1,942,071	$294,400
2021	$362,644	$118,054	$1,810,435	$244,590
2020	$91,901	$75,736	$1,579,641	$16,165
2019	$171,503	$127,179	$1,473,406	$44,324
2018	$147,231	$143,435	$1,245,985	$3,796

STEP FOUNDATION