STRATEGIES TO ELEVATE PEOPLE RICHM… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

TIMOTHY COLE

Phone

8046487552

Tax Period

2024-01-01 to 2024-12-31

STRATEGIES TO ELEVATE PEOPLE RICHMOND, founded in 1988, is a small nonprofit that reported $487K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $431K left a modest 12% surplus.

Mission

GROUNDED IN THE PERFECT WORD OF GOD AND GUIDED BY THE HOLY SPIRIT, STRATEGIES TO ELEVATE PEOPLE, RICHMOND ("STEP") FOSTERS RELATIONSHIPS AMONG RICHMOND NEIGHBORS TO MINISTER TO OUR MUTUAL NEED FOR PURPOSE, OPPORTUNITY, AND FELLOWSHIP THROUGH PROGRAMS THAT SOW HOPE, SUPPORT EDUCATIONAL ACHIEVEMENT AND PREPARE INDIVIDUALS FOR EMPLOYMENT.

Program Service Accomplishments

Program 1

Expenses: $350,191

THE ORGANIZATION PROVIDES INSTRUCTIONAL, RECREATIONAL, AND SPIRITUAL GUIDANCE TO INNER-CITY RESIDENTS. YOUTH PROGRAMS INCLUDE SUMMER CAMPS, A READING PROGRAM, SCHOOL OUTREACH PROGRAMS AND OTHER...

THE ORGANIZATION PROVIDES INSTRUCTIONAL, RECREATIONAL, AND SPIRITUAL GUIDANCE TO INNER-CITY RESIDENTS. YOUTH PROGRAMS INCLUDE SUMMER CAMPS, A READING PROGRAM, SCHOOL OUTREACH PROGRAMS AND OTHER MINISTRY RELATIONS. ADULTS ARE SERVED WITH WORK READINESS TRAINING AND MENTORING.

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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 $467,852

Program Service Revenue $0

Investment Income $14,251

Other Revenue $5,303

TOTAL REVENUE $487,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,363

Fundraising Expenses $10,567

Program Expenses $350,191

Other Expenses $128,182

TOTAL EXPENSES $430,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,406	$441,397	+0.1%
Expenses	$430,545	$389,430	+0.1%
Net Income	$56,861	$51,967	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN ANDREWS	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS BRUCH	DIRECTOR	N/A	Director	$0	$0	$0
JENNING COTTEN	DIRECTOR	N/A	Director	$0	$0	$0
ELAINE COX	DIRECTOR	N/A	Director	$0	$0	$0
LEE HATCHER	BOARD CHAIRM	N/A	Officer Director	$0	$0	$0
JOE HERBST	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS HOLMES	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MORTON	DIRECTOR	N/A	Director	$0	$0	$0
JEANNE OOSTDYK	DIRECTOR	N/A	Director	$0	$0	$0
KIM PARENT	DIRECTOR	N/A	Director	$0	$0	$0
LEX STRICKLAND	SECRETARY	N/A	Officer Director	$0	$0	$0
WILLIAM VAN THUNEN	DIRECTOR	N/A	Director	$0	$0	$0
GEOFF WHITE	DIRECTOR	N/A	Director	$0	$0	$0
FRED WHITTEN	TREASURER	N/A	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
2025	No data	No data	No data	No data
2024	$487,406	$430,545	$578,488	$56,861
2023	$441,397	$389,430	$524,499	$51,967
2022	$347,983	$316,772	$471,182	$31,211
2021	$360,506	$273,250	$436,026	$87,256
2020	$333,982	$245,249	$350,139	$88,733
2019	$272,011	$254,258	$259,962	$17,753
2018	$336,713	$299,826	$239,828	$36,887

STRATEGIES TO ELEVATE PEOPLE RICHMOND