Step by Step Inc (EIN 611313872) - 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

1996

Legal Domicile

Principal Officer

LaTanya Torp

Phone

8592587837

Tax Period

2024-01-01 to 2024-12-31

Step by Step Inc, founded in 1996, is a small nonprofit in the Human Services sector that reported $609K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 17% operating margin.

Mission

The organization is designed to reach out and support young unwed mothers from ages 12-24.

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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 $601,792

Program Service Revenue $0

Investment Income $7,115

Other Revenue $0

TOTAL REVENUE $608,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $342,302

Fundraising Expenses $30,642

Program Expenses $270,345

Other Expenses $165,617

TOTAL EXPENSES $507,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$608,907	$487,337	+0.2%
Expenses	$507,919	$498,972	+0.0%
Net Income	$100,988	$-11,635	-9.7%

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

333

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

$82,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LaTanya Torp	Executive Director	40.00	Key Emp	$82,000	$0	$82,000
Candace Smith	Secretary	1.00	Officer Director	$0	$0	$0
Jena McNeill	Treasurer	1.00	Officer Director	$0	$0	$0
Lindsey DeMoss	Board Member	1.00	Director	$0	$0	$0
Sarah Fink	Vice President	1.00	Officer Director	$0	$0	$0
Tiffany Wheeler	President	1.00	Officer Director	$0	$0	$0
Christi Hayne	Board Member	1.00	Director	$0	$0	$0
Lindsey Clem	Board Member	1.00	Director	$0	$0	$0
Bradley Thomas	Board Member	1.00	Director	$0	$0	$0
Tiffany Masden	Board Member	1.00	Director	$0	$0	$0
Alexandra Herald	Board Member	1.00	Director	$0	$0	$0
Tiffany Yahr JD	Board Member	1.00	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
2024	$608,907	$507,919	$667,909	$100,988
2023	$487,337	$498,972	$563,771	$-11,635
2023	$487,337	$498,972	$563,771	$-11,635
2022	$347,266	$424,446	$567,955	$-77,180
2021	$459,564	$333,064	$661,883	$126,500
2020	$452,877	$343,343	$522,171	$109,534
2019	$392,804	$230,183	$413,018	$162,621
2018	$184,070	$215,484	$186,272	$-31,414

Step by Step Inc