First Step Farm of WNC Inc

EIN: 561161072 501(c)(3) Mental Health

CANDLER, NC

Total Revenue
$1,877,735
Total Expenses
$1,763,783
Total Assets
$3,628,579
Net Assets
$2,065,951
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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
1976
Legal Domicile
NC
Phone
8286670587
Tax Period
2023-07-01 to 2024-06-30

First Step Farm of WNC Inc, founded in 1976, is a community nonprofit in the Mental Health sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 6% surplus.

Mission

REHABILITATION OF RESIDENTS WITH SUBSTANCE AND ALOCHOL ABUSE PROBLEMS

Program Service Accomplishments

Program 1
Expenses: $1,496,477 Revenue: $1,442,006

THE FARM PROVIDES REHABILITATION THERAPY FOR RESIDENTS WITH ALCOHOL AND SUBSTANCE ABUSE PROBLEMS. RESIDENTS LIVE AND WORK ON THE FARM AND RECEIVE COUNSELING AND THERAPY. RESIDENT CAPACITY IS 37.

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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 $412,316
Program Service Revenue $1,256,917
Investment Income $19,912
Other Revenue $188,590
TOTAL REVENUE $1,877,735

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,017,308
Fundraising Expenses $0
Program Expenses $1,496,477
Other Expenses $746,475
TOTAL EXPENSES $1,763,783

Year-over-Year Comparison

2023 2022 Change
Revenue $1,877,735 $1,498,691 +0.3%
Expenses $1,763,783 $1,752,591 +0.0%
Net Income $113,952 $-253,900 -1.4%
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

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Governance

Voting Members
8
Independent Members
8
Employees
85
Volunteers
N/A

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
$73,090
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BUZZY CANNADY VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
J SCOTT HUGHES CHAIRMAN 1.0
Officer Director
$0 $0 $0
LAURA C OWENBY SECRETARY/TREASURER 1.0
Officer Director
$0 $0 $0
Jerry Vehaun BOARD MEMBER 1.0
Director
$0 $0 $0
McKenzie Koon BOARD MEMBER 1.0
Director
$0 $0 $0
Nathan Ramsey BOARD MEMBER 1.0
Director
$0 $0 $0
Sandra Kilgore BOARD MEMBER 1.0
Director
$0 $0 $0
Steve Metcalf BOARD MEMBER 1.0
Director
$0 $0 $0
J MICHAEL PLEMMONS EXECUTIVE DIRECTOR 20.0
Officer
$57,850 $15,240 $73,090
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 $1,877,735 $1,763,783 $3,628,579 $113,952
2023 $1,498,691 $1,752,591 $3,574,826 $-253,900
2022 $2,074,572 $1,699,901 $3,738,223 $374,671
2021 $1,882,634 $1,607,007 $3,703,992 $275,627
2020 $1,760,350 $1,535,145 $3,378,676 $225,205
2019 $2,051,364 $1,542,712 $2,937,138 $508,652
2018 $1,466,014 $1,481,345 $2,449,843 $-15,331
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