S T E P S IN THE RIGHT DIRECTION INC

EIN: 651067093 501(c)(3) Human Services

MIAMI LAKES, FL

Total Revenue
$35,922
Total Expenses
$149,193
Total Assets
$827,231
Net Assets
$822,673
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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
2000
Legal Domicile
FL
Principal Officer
MICHAEL SALEM
Tax Period
2023-01-01 to 2023-12-31

S T E P S IN THE RIGHT DIRECTION INC, founded in 2000, is a micro nonprofit in the Human Services sector that reported $36K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $149K exceeded revenue, resulting in a 315% operating deficit.

Mission

TO PROVIDE CHARITABLE AND EDUCATIONAL SERVICES AND ASSISTANCE TO CERTAIN DISADVANTAGED POPULATION GROUPS AND LEAD THEM TO ACHIEVE SELF SUFFICIENCY

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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 $0
Program Service Revenue $18,412
Investment Income $32
Other Revenue $17,478
TOTAL REVENUE $35,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $137,731
Other Expenses $149,193
TOTAL EXPENSES $149,193

Year-over-Year Comparison

2023 2022 Change
Revenue $35,922 $103,505 -0.7%
Expenses $149,193 $132,241 +0.1%
Net Income $-113,271 $-28,736 +2.9%
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
N/A
Volunteers
2

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SALEM PRESIDENT AND CEO 16.00
Officer
$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
2023 $35,922 $149,193 $827,231 $-113,271
2022 $103,505 $132,241 $940,012 $-28,736
2021 $241,856 $95,808 $1,241,227 $146,048
2020 $82,468 $116,809 $1,065,778 $-34,341
2019 $157,682 $77,305 $972,918 $80,377
2018 $143,766 $121,398 $775,039 $22,368
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