IN HIS STEPS MINISTRIES INC (EIN 640864053) - 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

1995

Legal Domicile

Principal Officer

REV JASPER BACON

Phone

6018595708

Tax Period

2024-01-01 to 2024-12-31

IN HIS STEPS MINISTRIES INC, founded in 1995, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $288K, a strong 29% operating margin.

Mission

IN HIS STEPS IS A CHRISTIAN NON-PROFIT ORGANIZATION WHOSE MISSION IS TO USE INNOVATIRVE AND SPECIALIZED MINISTRIES TO IMPACT THE LIVES OF PEOEPLE FOR THE GLORY OF GOD, SPECIFICALLY TO AT RISK CHILDREN, JUVENILLE OFFENDERS, AND THEIR FAMILIES.

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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 $960,148

Program Service Revenue $0

Investment Income $48,698

Other Revenue $0

TOTAL REVENUE $1,008,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,486

Fundraising Expenses $7,673

Program Expenses $576,104

Other Expenses $237,312

TOTAL EXPENSES $720,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,008,846	$870,303	+0.2%
Expenses	$720,798	$615,899	+0.2%
Net Income	$288,048	$254,404	+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

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

$114,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV JASPER BACON	EXECUTIVE DI	40.00	Officer	$114,904	$0	$114,904
MICHAEL ENGELBRECHT	BOARD MEMBER	N/A	Director	$0	$0	$0
MARC HEARST	BOARD MEMBER	N/A	Director	$0	$0	$0
GEORGE HENDERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
ROD HENDERSON	TREASURER	N/A	Officer Director	$0	$0	$0
DAVID HUDSON	BOARD MEMBER	N/A	Director	$0	$0	$0
CURT JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
GREG JOHNSTON	BOARD MEMBER	N/A	Director	$0	$0	$0
SAMMY L BROWN JR	BOARD MEMBER	N/A	Director	$0	$0	$0
MARTI LITTLE	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE MCGUFFEY	BOARD MEMBER	N/A	Director	$0	$0	$0
MONTEZ PARKS	BOARD MEMBER	N/A	Director	$0	$0	$0
CARRI PILLARS	BOARD MEMBER	N/A	Director	$0	$0	$0
REV MICHAEL TANNER	SECRETARY	N/A	Officer Director	$0	$0	$0
JEFF TAYLOR	CHAIRMAN	N/A	Officer Director	$0	$0	$0
REV ROB YONAN	BOARD MEMBER	N/A	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	$1,008,846	$720,798	$2,986,541	$288,048
2023	$870,303	$615,899	$2,729,600	$254,404
2022	$875,635	$589,397	$2,440,264	$286,238
2021	$774,747	$523,644	$2,153,900	$251,103
2020	$837,832	$506,225	$2,166,703	$331,607
2019	$495,690	$515,174	$1,855,549	$-19,484
2018	$518,539	$476,786	$1,589,475	$41,753

IN HIS STEPS MINISTRIES INC