FIRST STEPS PRESCHOOL

EIN: 843264612 501(c)(3) Education

Huber Heights, OH

Total Revenue
$203,672
Total Expenses
$197,939
Total Assets
$71,427
Net Assets
$71,427
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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
2020
Legal Domicile
OH
Principal Officer
Keith Colbert
Phone
9379657929
Tax Period
2024-01-01 to 2024-12-31

FIRST STEPS PRESCHOOL, founded in 2020, is a small nonprofit in the Education sector that reported $204K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

provide Christian preschool services for children ages 2.5 to 5.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $38,100
Program Service Revenue $165,407
Investment Income $165
Other Revenue $0
TOTAL REVENUE $203,672

Expense Breakdown

Grants Paid $344
Salaries & Benefits $172,853
Fundraising Expenses $0
Program Expenses $197,939
Other Expenses $24,742
TOTAL EXPENSES $197,939

Year-over-Year Comparison

2024 2023 Change
Revenue $203,672 $161,499 +0.3%
Expenses $197,939 $249,581 -0.2%
Net Income $5,733 $-88,082 -1.1%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
15
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
0
$0
Total Directors
5
$0
Key Employees
1
$36,965
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Colbert Preschool Director 30
Key Emp
$36,965 $0 $36,965
Sheila Myers Board Member 1
Director
$0 $0 $0
John Trussel Board Member 1
Director
$0 $0 $0
April Tyler Board Member 1
Director
$0 $0 $0
Shannon Teague Board Member 1
Director
$0 $0 $0
Adrienne Wynkoop Board Member 1
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
2024 $203,672 $197,939 $71,427 $5,733
2022 $376,878 $241,444 $153,676 $135,434
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