Phoenix Employment Services of Wilmingto Inc DBA StepUp Wilmington

EIN: 542074778 501(c)(3) Employment

Wilmington, NC

Total Revenue
$1,189,095
Total Expenses
$1,374,756
Total Assets
$888,336
Net Assets
$620,161
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NC
Principal Officer
Will Rikard
Phone
9103438469
Tax Period
2023-07-01 to 2024-06-30

Phoenix Employment Services of Wilmingto Inc DBA StepUp Wilmington, founded in 2002, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

Phoenix Employment Services, Inc. (dba StepUp Wilmington) seeks to empower individuals to reach their potential and lead stable lives through satisfying work. StepUp Wilmington's vision is to create a community of prosperity and hope.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,087,994
Program Service Revenue $80,564
Investment Income $20,537
Other Revenue $0
TOTAL REVENUE $1,189,095

Expense Breakdown

Grants Paid $44,750
Salaries & Benefits $983,574
Fundraising Expenses $285,590
Program Expenses $1,000,905
Other Expenses $346,432
TOTAL EXPENSES $1,374,756

Year-over-Year Comparison

2023 2022 Change
Revenue $1,189,095 $1,762,888 -0.3%
Expenses $1,374,756 $1,660,241 -0.2%
Net Income $-185,661 $102,647 -2.8%
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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Governance

Voting Members
9
Independent Members
9
Employees
21
Volunteers
9

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
4
$105,867
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Riley Stephenson President 0.00
Officer Director
$0 $0 $0
Henry Cherry Treasurer 0.00
Officer Director
$0 $0 $0
Katharine Barrack Secretary 0.00
Officer Director
$0 $0 $0
Meghan Cowan Past President 0.00
Director
$0 $0 $0
Cory Newton Director 0.00
Director
$0 $0 $0
Sandy Spiers Director 0.00
Director
$0 $0 $0
Chester Wong Director 0.00
Director
$0 $0 $0
Desmond Herbert Director 0.00
Director
$0 $0 $0
Zachary Cockerham Director 0.00
Director
$0 $0 $0
Will Rikard Executive Director 1.00
Officer
$105,867 $0 $105,867
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 $1,189,095 $1,374,756 $888,336 $-185,661
2023 $1,762,888 $1,660,241 $1,358,511 $102,647
2022 $1,242,849 $1,225,367 $1,322,817 $17,482
2021 $1,128,506 $990,265 $745,722 $138,241
2020 $910,960 $883,811 $731,175 $27,149
2019 $907,823 $798,179 $577,754 $109,644
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