Step One Halfway House Inc (EIN 861032253) - 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

2003

Legal Domicile

Principal Officer

Michael J Lima

Phone

6027495434

Tax Period

2024-01-01 to 2024-12-31

Step One Halfway House Inc, founded in 2003, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

The organization's mission is to provide safe, secure, and sober housing for those alcoholics and addicts who are unable to afford a traditional treatment facility. The organization will position itself to be a greater impact in the community by providing for other housing options once they have completed their original 90-day commitment. The organization continually strives to develop new and varied programs to further facilitate these exempt purposes.

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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 $16,824

Program Service Revenue $1,353,353

Investment Income $198

Other Revenue $35,783

TOTAL REVENUE $1,406,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,604

Fundraising Expenses $0

Program Expenses $1,237,089

Other Expenses $1,372,264

TOTAL EXPENSES $1,408,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,406,158	$1,300,098	+0.1%
Expenses	$1,408,868	$1,197,712	+0.2%
Net Income	$-2,710	$102,386	-1.0%

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

377

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

$36,604

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shelby Lee	Executive Dir.	40.00	Director	$36,604	$0	$36,604
Michael J Lima	President	2.00	Officer Director	$0	$0	$0
Elijah Rubin	Vice President	2.00	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
2024	$1,406,158	$1,408,868	$391,279	$-2,710
2023	$1,300,098	$1,197,712	$209,409	$102,386
2022	$1,216,404	$919,628	$106,741	$296,776
2021	$1,326,211	$805,766	$45,828	$520,445
2020	$582,812	$591,186	$303,616	$-8,374

Step One Halfway House Inc