TRUE STEP MINISTRIES INC

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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

1996

Legal Domicile

Principal Officer

CHERI A PETERS PRESIDENT

Tax Period

2023-01-01 to 2023-12-31

TRUE STEP MINISTRIES INC, founded in 1996, is a micro nonprofit that reported $19K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $31K exceeded revenue, resulting in a 66% operating deficit.

Mission

TO PROVIDE EDUCATIONAL SERVICES TO ENCOURAGE AT-RISK ADULTS & YOUTH TO SEEK RECOVERY AND IMPROVE LIFE SKILLS ADN POSITIVELY IMPACT SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $15,423

STAR RANCH: SAVING THOSE AT-RISK THIS IS AN EQUINE THERAPY PROGAM. AT STAR RANCH WE WORK WITH AT-RISK YOUTH AND ADULTS TO GENTLY OFFER HEALING THROUGH WORKING WITH HORSES. PARTICIPANTS EXPLORE ISSUES SUCH AS TRUST, RESPONSIBILITY, CONFIDENCE, AND EXPECTATIONS AS THEY LEARN TO CARE FOR AND BOND WITH THESE ANIMALS. PARTICIPANTS INCLUDE CHILDREN, TEENS, AND ADULTS DEALING WITH DOMESTIC ABUSE, RECOVERY, PHYSICAL, AND EMOTIONAL DISABILITIES. MILITARY VETERANS WITH PTSD FIND HEALING THROUGH CONNECTIONS AND FRIENDSHIPS WITH THE EQUINE ASSISTED PROGRAM. 25 PARTICIPANTS HELPED IN 2021.

Program 2

Expenses: $5,098

STAR STUDIOS PRODUCTIONS TRUE STEP MINISTRIES HAS SEVERAL MEDIA OUTLETS AND PROJECTS. DURING THESE PROJECTS THEY ARE ENCOURAGED TO HEAL FROM THEIR PAIN AND GROW IN THEIR ABILITY TO ARTICULATE THEIR HEALING. THEY ARE THEN ENCOURAGED TO TAKE THAT KNOWLEDGE AND GO OUT INTO THE COMMUNITY TO HELP OTHERS. THE MEDIA OUTLETS INCLUDE TELEVISION, RADIO, POD-CASTING, AND LIVE STREAMING. TRUE STEP CURRENTLY HAS A WORLDWIDE MEDIA PRESENCE ON FIVE NETWORKS: (1) 3 ANGLES BROADCASTING NETWORK, (2) DARE2DREAM, (3) HOPE TV, (4) 3ABN RADIO, AND (5) FAITH FIRST IN NEW ZEALAND.TRUE STEP MINISTRIES ALSO DEVELOPS TRAINING VIDEOS FOR THOSE WORKING WITH AT RISK FOLKS, CHURCH LEADERSHIP, AND THE COMMUNITIES THEY SERVE.

Program 3

Expenses: $3,244 Revenue: $5,930

CELEBRATING LIFEIN RECOVERY/MISSION TO THE CITIES-- THIS MULTI-FACETED OUTREACH OF TRUE STEP MINISTRIES EDUCATES PEOPLE OF ALL AGES ON THE CORE ISSUES OF TRAUMA, DYSFUNCTION, AND ADDICTION. AN...

CELEBRATING LIFEIN RECOVERY/MISSION TO THE CITIES-- THIS MULTI-FACETED OUTREACH OF TRUE STEP MINISTRIES EDUCATES PEOPLE OF ALL AGES ON THE CORE ISSUES OF TRAUMA, DYSFUNCTION, AND ADDICTION. AN EMPHASIS IS PLACED ON WAYS TO REACH OUT INTO THE COMMUNITY, HELP THOSE YOU LOVE, AND HOW TO HEAL BY PROVIDING THE FOLLOWING SERVICES: (1) SPEAKING ENGAGEMENTS AT PRISONS, JAILS, JUVENILE CENTERS, SCHOOLS, CHURCHES, COMMUNITY CENTERS, REHAB CENTERS, CAMP MEETINGS, WOMANS/MENTS RETREATS, ETC., AND (2) PERSONAL LIFE COACHING.TSM ALSO DEVELOPS TRAINING VIDEOS FOR THOSE WORKING WITH AT RISK FOLKS, CHURCH LEADERSHIP, AND THE COMMUNITIES THEY SERVE ALSO ENCOURAGES GROUPS/INDIVIDUALS TO CREATE CENTERS OF INFLUENCE TO HELP WITH SPECIFIC NEEDS.

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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 $13,316

Program Service Revenue $5,390

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $983

Fundraising Expenses $0

Program Expenses $23,765

Other Expenses $30,023

TOTAL EXPENSES $31,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,706	$115,041	-0.8%
Expenses	$31,006	$127,507	-0.8%
Net Income	$-12,300	$-12,466	0.0%

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

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
BRADFORD C PETERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERI A PETERS	PRESIDENT	40.00	Officer 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
2023	$18,706	$31,006	No data	$-12,300
2022	$115,041	$127,507	$67,931	$-12,466
2021	$145,105	$132,631	$62,274	$12,474
2020	$138,066	$133,518	$24,649	$4,548
2019	$75,413	$65,385	$5,624	$10,028
2018	$87,265	$77,131	$6,633	$10,134