STEP BY STEP INC

EIN: 550746556 501(c)(3) Human Services

CHARLESTON, WV

Total Revenue
$3,074,998
Total Expenses
$2,848,930
Total Assets
$1,398,268
Net Assets
$1,025,308
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
WV
Principal Officer
MICHAEL L FARMER
Phone
3044144452
Tax Period
2024-07-01 to 2025-06-30

STEP BY STEP INC, founded in 1996, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $2.8M left a modest 7% surplus.

Mission

DEDICATED TO PEOPLE WORKING TOGETHER TO ACHIEVE THEIR DREAMS IN KINDRED COMMUNITIES IN SOUTHERN WV THROUGH DIALOGUE, EDUCATION AND THE ARTS, WELLNESS, LOCAL LEADERSHIP AND RESOURCES AND SERVICE. NATIONAL VISTA AND 21ST CENTURY ARE THE MOST SIGNIFICANT PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,031,495
Program Service Revenue $43,492
Investment Income $11
Other Revenue $0
TOTAL REVENUE $3,074,998

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,854,369
Fundraising Expenses $0
Program Expenses $2,739,451
Other Expenses $994,561
TOTAL EXPENSES $2,848,930

Year-over-Year Comparison

2024 2023 Change
Revenue $3,074,998 $3,433,592 -0.1%
Expenses $2,848,930 $3,136,654 -0.1%
Net Income $226,068 $296,938 -0.2%
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
8
Independent Members
8
Employees
177
Volunteers
8

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
$103,846
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL L FARMER EXECUTIVE DIRECTOR 40.00
Officer
$103,846 $0 $103,846
RON SOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS PRICE TREASURER 1.00
Officer Director
$0 $0 $0
ALICE FAUCETT SECRETARY 1.00
Officer Director
$0 $0 $0
ADAM STOLLINGS BOARD MEMBER 1.00
Director
$0 $0 $0
JENN CROTEAU BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE PUSHKIN BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG WALTERS BOARD MEMBER 1.00
Director
$0 $0 $0
ASHLEY JAMES BOARD CHAIR 1.00
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 $3,074,998 $2,848,930 $1,398,268 $226,068
2024 $3,433,592 $3,136,654 $1,276,801 $296,938
2023 $3,162,309 $3,266,178 $873,668 $-103,869
2022 $2,705,384 $2,651,165 $811,148 $54,219
2021 $1,819,135 $1,965,717 $722,244 $-146,582
2020 $1,797,838 $1,688,022 $917,657 $109,816
2019 $1,709,271 $1,547,899 $539,459 $161,372
2019 $1,739,511 $1,548,080 $564,200 $191,431
2018 $1,197,189 $1,129,848 $342,333 $67,341
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