FIRST STEP - FLORENCE SOLUTIONS FOR HOUSING SECURITY (EIN 825073578) - 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

3015024934

Tax Period

2022-01-01 to 2022-12-31

FIRST STEP - FLORENCE SOLUTIONS FOR HOUSING SECURITY, founded in 2016, is a micro nonprofit in the Housing & Shelter sector that reported $52K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $63K exceeded revenue, resulting in a 21% operating deficit.

Mission

Provide Transitional Housing for low income families in the Florence Oregon area. Family is defined as one or more adult parents with one or more children.

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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 (2022)

Revenue Breakdown

Contributions & Grants $52,325

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $52,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,390

Fundraising Expenses $0

Program Expenses $63,318

Other Expenses $41,928

TOTAL EXPENSES $63,318

Year-over-Year Comparison

	2022	2021	Change
Revenue	$52,325	$63,294	-0.2%
Expenses	$63,318	$45,714	+0.4%
Net Income	$-10,993	$17,580	-1.6%

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
Rev Greg Wood	President	40.00	Officer	$0	$0	$0
Ms Priscilla Washington	Vice President	10.00	Officer	$0	$0	$0
Ms Norma Wood	Secretary	20.00	Officer	$0	$0	$0
Mr Thomas Velvin	Treasurer	20.00	Officer	$0	$0	$0
Mr Kenneth Gaylord	Executive Director	10.00	Key Emp	$0	$0	$0
Mr Paul Pearson	Director	10.00	Director	$0	$0	$0
Ms Ivy Medow	Director	5.00	Director	$0	$0	$0
Mr Graham Ross	Director	5.00	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
2022	$52,325	$63,318	$334,228	$-10,993
2021	$55,148	$58,883	$341,280	$-3,735
2020	$80,257	$21,289	$312,142	$58,968

FIRST STEP - FLORENCE SOLUTIONS FOR HOUSING SECURITY