FIRST STEP INC (EIN 710307372) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

BRETT CHANCELLOR

Phone

5016205530

Tax Period

2023-07-01 to 2024-06-30

FIRST STEP INC, founded in 1985, is a mid-sized nonprofit that reported $32.6M in total revenue in fiscal year 2017. Revenue decreased 7% compared to the prior year.

Mission

HABILITATION OF DISABLED INDIVIDUALS FROM BIRTH THROUGH END OF LIFE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $292,550

Program Service Revenue $30,594,784

Investment Income $417,865

Other Revenue $701,623

TOTAL REVENUE $32,006,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,996,974

Fundraising Expenses $2,916

Program Expenses $26,263,245

Other Expenses $7,260,763

TOTAL EXPENSES $30,257,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,006,822	$31,094,177	+0.0%
Expenses	$30,257,737	$29,816,336	+0.0%
Net Income	$1,749,085	$1,277,841	+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

Governance

Voting Members

Independent Members

Employees

862

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT CHANCELLOR	EXECUTIVE DI	40.00	Highest	$179,189	$0	$179,189
CHRIS SMITH	CFO	40.00	Highest	$142,570	$0	$142,570
JULIA CAPPS	COO	40.00	Highest	$117,962	$0	$117,962
ROBBIE COX	DIRECTOR	2.00	Officer Director	$0	$0	$0
COURTNEY EUBANKS	VICE PRESIDE	8.00	Officer Director	$0	$0	$0
DON GOOCH	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD HOLDEN	TREASURER	2.00	Director	$0	$0	$0
MIKE LONG	DIRECTOR	2.00	Director	$0	$0	$0
ANNA SUE MCCOY	DIRECTOR	2.00	Director	$0	$0	$0
DONNA MERRIWEATHER	PRESIDENT	8.00	Officer Director	$0	$0	$0
TRAVIS MORRISSEY	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE REYNOLDS	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$32,006,822	$30,257,737	$27,359,637	$1,749,085
2023	$31,094,177	$29,816,336	$26,774,761	$1,277,841
2022	$29,227,175	$27,343,043	$25,350,913	$1,884,132
2022	$29,227,176	$26,990,060	$25,350,913	$2,237,116
2021	$32,117,871	$25,994,042	$24,030,737	$6,123,829
2020	$28,026,580	$31,656,566	$20,826,922	$-3,629,986
2019	$29,535,414	$30,466,212	$20,769,983	$-930,798
2018	$32,616,997	$34,773,812	$21,906,590	$-2,156,815

FIRST STEP INC