First Step Champions Inc

EIN: 650613887 501(c)(3) Recreation & Sports

Miami, FL

Total Revenue
$140,498
Total Expenses
$142,216
Total Assets
$12,724
Net Assets
$8,971
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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
FL
Principal Officer
James Warring
Phone
3052354496
Tax Period
2025-01-01 to 2025-12-31

First Step Champions Inc, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $140K in total revenue in fiscal year 2025.

Mission

Inner city chidren continue channel their energy and timeinto learning martial arts, the art of dicipline and community values.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $140,498
Investment Income $0
Other Revenue $0
TOTAL REVENUE $140,498

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,658
Fundraising Expenses $0
Other Expenses $41,558
TOTAL EXPENSES $142,216

Year-over-Year Comparison

2025 2024 Change
Revenue $140,498 $131,079 +0.1%
Expenses $142,216 $133,726 +0.1%
Net Income $-1,718 $-2,647 -0.4%
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
4
Independent Members
4
Employees
4
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
2
$0
Total Directors
2
$0
Key Employees
2
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Warring Director 040.00
Officer Director Key Emp
$0 $0 $0
Jean Warring Director 040.00
Officer Director Key Emp Highest
$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 $140,498 $142,216 $12,724 $-1,718
2024 $131,079 $133,726 $14,443 $-2,647
2023 $175,319 $179,394 $17,090 $-4,075
2022 $190,744 $174,773 $21,165 $15,971
2021 $183,374 $185,470 $5,007 $-2,096
2020 $180,418 $189,142 $3,691 $-8,724
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