FIRST STEP SHELTER INC (EIN 813976095) - 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

3863613800

Tax Period

2023-10-01 to 2024-09-30

FIRST STEP SHELTER INC, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $1.6M left a modest 5% surplus.

Mission

To develop, manage and operate the First Step Shelter Program, a homeless assistance service program and shelter in Volusia County, Florida.

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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 $1,452,900

Program Service Revenue $0

Investment Income $73,175

Other Revenue $117,092

TOTAL REVENUE $1,643,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $866,395

Fundraising Expenses $114,221

Program Expenses $1,311,114

Other Expenses $692,314

TOTAL EXPENSES $1,558,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,643,167	$1,829,460	-0.1%
Expenses	$1,558,709	$1,475,528	+0.1%
Net Income	$84,458	$353,932	-0.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA FAHLBERG	EXECUTIVE DIRECTOR	40.00		$129,742	$0	$129,742
ROSEANN TORMATORE	Director	0.00	Director	$0	$0	$0
JOAN CAMPANARO	Director	0.00	Director	$0	$0	$0
MICHAEL PANAGGIO	Director	0.00	Director	$0	$0	$0
DON BURNETTE	Director	0.00	Director	$0	$0	$0
SUSAN PERSIS	Director	0.00	Director	$0	$0	$0
VALLI PERRINE	Director	0.00	Director	$0	$0	$0
DERRICK HENRY	President	0.00	Officer	$0	$0	$0
DWIGHT SELBY	Director	0.00	Officer	$0	$0	$0
BILL MILANO	Treasurer	0.00	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	$1,643,167	$1,558,709	$1,985,675	$84,458
2023	$1,829,460	$1,475,528	$1,934,612	$353,932
2022	$2,386,374	$2,412,921	$1,818,940	$-26,547
2021	$1,527,716	$1,704,680	$1,767,376	$-176,964
2020	$1,993,019	$1,210,439	$1,881,582	$782,580
2019	$122,634	$209,382	$910,582	$-86,748
2018	$472,579	$67,421	$1,000,529	$405,158

FIRST STEP SHELTER INC