Denver, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Step Denver, founded in 1983, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $6.2M exceeded revenue, resulting in a 73% operating deficit.
Step Denver is a mens residential recovery community that gives men with nowhere else to turn the opportunity to rebuild their lives through Sobriety, Work, Accountability, and Community. The ultimate goal of the organization is to have its residents transition to safe, sober, independent living situations where they may become productive, contributing members of their communities.
The Board and Staff of Step Denver have continued with the implementation of its Strategic Plan focused on the goal of serving more men. Step has begun the process of seeking to expand into Colorado...
The Board and Staff of Step Denver have continued with the implementation of its Strategic Plan focused on the goal of serving more men. Step has begun the process of seeking to expand into Colorado Springs to replicated its program in a facility in that community.A Step Denver subsidiary, Step Springs was established this year and property was purchased. Construction on the Step Springs residential facility will commence next year.The Step Board and CEO have also begun to explore and prepare for national expansion to help other cities with urgent needs implement Steps model. The Step Board remains committed to its goal to bring the Step methodology to other cities as a solution to the issues of addiction and homelessness. Throughout this period of expansion, Step Denver remains focused on ensuring clients/residents receive a high level of engagement and programming to support their progress and sustained outcomes. Program enhancements continue to be made and long-term outcomes remain strong. 330 individuals were served in Step Denver's program this year.
The Driven to Donate vehicle donation program continues to provide a substantial percentage of the revenue needed to provide Steps clients with safe, sober housing. Donated vehicle sale proceeds...
The Driven to Donate vehicle donation program continues to provide a substantial percentage of the revenue needed to provide Steps clients with safe, sober housing. Donated vehicle sale proceeds provide steady capital needed on a monthly basis to support facility operational expenses, while monetary donation cycles are more seasonal. Driven to Donate revenue provides coverage of residential facility needs, allowing monetary donations to be deployed in direct service to clients, supporting programmatic expenses.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,562,058 | $3,082,367 | +0.2% |
| Expenses | $6,156,833 | $2,628,277 | +1.3% |
| Net Income | $-2,594,775 | $454,090 | -6.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Paul Scudo | CEO | 40.00 |
Officer
|
$142,504 | $3,000 | $145,504 |
| Meghan Shay | Executive Dir. | 40.00 |
Officer
|
$105,675 | $4,305 | $109,980 |
| Stephanie Landree | Dir of Admin | 40.00 |
Officer
|
$100,201 | $8,107 | $108,308 |
| Ryan Sahd | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Mark Soane | Chairman | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Matthew Tepoorten | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Luke Niforatos | Vice Chair | 2.00 |
Director
|
$0 | $0 | $0 |
| Ted Ramsey | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Aleah Horstman | Strategy Chair | 2.00 |
Director
|
$0 | $0 | $0 |
| Patrick McNamara | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $3,562,058 | $6,156,833 | $7,264,935 | $-2,594,775 |
| 2023 | $3,082,367 | $2,628,277 | $9,684,440 | $454,090 |
| 2022 | $3,013,767 | $2,304,710 | $9,014,696 | $709,057 |
| 2021 | $2,975,391 | $1,908,488 | $7,859,546 | $1,066,903 |
| 2020 | $2,726,751 | $1,789,154 | $7,439,839 | $937,597 |
| 2019 | $1,890,615 | $1,623,502 | $6,496,818 | $267,113 |
| 2019 | $1,890,615 | $1,623,502 | $6,496,818 | $267,113 |
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