MARSHALL FIRST STEP ACADEMY (EIN 813876839) - 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

2016

Legal Domicile

Phone

2178263030

Tax Period

2024-01-01 to 2024-12-31

MARSHALL FIRST STEP ACADEMY, founded in 2016, is a small nonprofit in the Education sector that reported $521K in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $620K exceeded revenue, resulting in a 19% operating deficit.

Mission

At Marshall First Step Academy it is our mission to provide the highest quality care and early education in a caring warm and safe environment that values all children as individuals. All children in our care are provided with a developmentally appropriate education that prepares them for success in school and beyond.

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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 (2024)

Revenue Breakdown

Contributions & Grants $133,548

Program Service Revenue $387,150

Investment Income $0

Other Revenue $0

TOTAL REVENUE $520,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $522,030

Fundraising Expenses $0

Program Expenses $619,512

Other Expenses $97,482

TOTAL EXPENSES $619,512

Year-over-Year Comparison

	2024	2023	Change
Revenue	$520,698	$282,176	+0.8%
Expenses	$619,512	$285,436	+1.2%
Net Income	$-98,814	$-3,260	+29.3%

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

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

$22,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cassandra Howard	Executive Director	40.00	Director	$22,802	$0	$22,802
Connie Watwood	Secretary	1.00	Officer	$0	$0	$0
Roger Watwood	Treasurer	1.00	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
2024	$520,698	$619,512	$47,776	$-98,814
2023	$282,176	$285,436	$6,590	$-3,260

MARSHALL FIRST STEP ACADEMY