STEP FORWARD GLOBAL MINISTRIES INC (EIN 814496446) - 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

Principal Officer

MICHEL KHALIL

Phone

6783140095

Tax Period

2024-01-01 to 2024-12-31

STEP FORWARD GLOBAL MINISTRIES INC, founded in 2016, is a small nonprofit in the Education sector that reported $367K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $102K, a strong 28% operating margin.

Mission

STEP FORWARD GLOBAL MINISTRIES EXISTS TO PRODIVE RELIGIOUS TRAINING, EDUCATION AND CONFERENCES IN THE AREAS OF BIBLICAL LEADERSHIP, DISCIPLESHIP TRAINING, CHURCH MATURITY, STEWARDSHIP & GENORSITY, AS WELL AS OTHER SPECIAILITY RELIGIOUS TRAINING FOR CHURCH LEADERS AROUND THE WORLD. THE ORGANIZATION WILL ALSO ASSIST WITH THE HUMANITARIAN CAUSES INCLUDING RESPONDING TO REFUGEE CRISES, NATURAL DISATERS (EARTHQUAKES, TSUNAMI, ETC.) AND ASSISTING THE POOR AND NEEDY BY PROVIDING FOOD, CLOTHING AND OTHER LIFE NECESSITIES.

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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 $351,027

Program Service Revenue $0

Investment Income $11,900

Other Revenue $4,537

TOTAL REVENUE $367,464

Expense Breakdown

Grants Paid $58,481

Salaries & Benefits $0

Fundraising Expenses $8,103

Program Expenses $246,918

Other Expenses $207,417

TOTAL EXPENSES $265,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,464	$846,634	-0.6%
Expenses	$265,898	$386,318	-0.3%
Net Income	$101,566	$460,316	-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

N/A

Volunteers

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

$39,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHEL KHALIL	PRESIDENT	50.00	Officer	$2,000	$0	$2,000
ROULA KHALIL	CFO & SECRETARY	40.00	Officer	$37,500	$0	$37,500

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	$367,464	$265,898	$1,909,975	$101,566
2023	$846,634	$386,318	$1,806,857	$460,316
2022	$575,689	$273,499	$1,348,797	$302,190
2021	$638,823	$242,047	$1,043,468	$396,776
2020	$467,486	$209,698	$646,558	$257,788
2019	$485,899	$305,484	$389,631	$180,415
2018	$379,986	$258,741	$220,450	$121,245

STEP FORWARD GLOBAL MINISTRIES INC