TRUE STEP MINISTRIES INC (EIN 841374437) - 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

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.

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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

TRUE STEP MINISTRIES INC