FIRST STEP OF WICHITA FALLS INC (EIN 751633139) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

ANGELA GARCIA

Phone

9407237799

Tax Period

2023-09-01 to 2024-08-31

FIRST STEP OF WICHITA FALLS INC, founded in 1977, is a small nonprofit in the Mental Health sector that reported $926K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE FREE CRISIS INTERVENTION SERVICES FOR INDIVIDUALS WHO HAVE RECENTLY EXPERIENCED DOMESTIC AND/OR SEXUAL VIOLENCE, LEADING TO EMOTIONAL, MENTAL, AND PHYSICAL PROBLEMS.

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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 $923,368

Program Service Revenue $0

Investment Income $667

Other Revenue $1,555

TOTAL REVENUE $925,590

Expense Breakdown

Grants Paid $89,171

Salaries & Benefits $610,775

Fundraising Expenses $71,341

Program Expenses $732,408

Other Expenses $379,203

TOTAL EXPENSES $1,079,149

Year-over-Year Comparison

	2023	2022	Change
Revenue	$925,590	$1,514,944	-0.4%
Expenses	$1,079,149	$1,546,416	-0.3%
Net Income	$-153,559	$-31,472	+3.9%

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

Volunteers

208

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
CHARLIE MARTIN	EXECUTIVE DIRECTOR	40.00		$63,081	$5,209	$68,290
ANGELA GARCIA	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
DANNY MARTINEZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
NICHOLE JEFFERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALICIA DURAN	SECRETARY	1.00	Officer Director	$0	$0	$0
SEAN GILBERT	TREASURER	1.00	Officer Director	$0	$0	$0
MARJIE CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIDGET REILLY	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA COPAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN BODINE-SMITH	BOARD MEMBER	1.00	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
2024	$925,590	$1,079,149	$563,909	$-153,559
2023	$1,514,944	$1,546,416	$798,091	$-31,472
2022	$1,093,741	$1,132,201	$697,406	$-38,460
2021	$1,166,917	$1,065,564	$695,475	$101,353
2020	$974,279	$892,485	$637,923	$81,794
2019	$751,969	$677,835	$493,542	$74,134
2018	$602,939	$584,376	$403,391	$18,563

FIRST STEP OF WICHITA FALLS INC