S T E P S IN THE RIGHT DIRECTION I… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

Expenses: $137,731 Revenue: $18,412

LONG-TERM CARE - MANAGED CARE SERVICES - ASSISTANCEOTHER - SUBCONTRACT WORK ON FEE FOR SERVICE BASIS WITH LOCAL CASE MANAGEMENT AGENCIES TO PROVICE ENVIROMENTAL MODIFICATION, HOUSING IMPROVEMENTS...

LONG-TERM CARE - MANAGED CARE SERVICES - ASSISTANCEOTHER - SUBCONTRACT WORK ON FEE FOR SERVICE BASIS WITH LOCAL CASE MANAGEMENT AGENCIES TO PROVICE ENVIROMENTAL MODIFICATION, HOUSING IMPROVEMENTS, ENHANCED CHORE, AND CONSUMABLE MEDICAL SUPPLIES FOR THEIR CLIENTS.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Highest Compensated

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

S T E P S IN THE RIGHT DIRECTION INC