STEP UP FOUNDATION

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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

2022

Legal Domicile

Principal Officer

LYNN KELLEY

Phone

7204341166

Tax Period

2023-01-01 to 2023-12-31

STEP UP FOUNDATION, founded in 2022, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 5409% from the prior year, signaling strong growth momentum. The organization ran a surplus of $244K, a strong 24% operating margin.

Mission

Step Up Foundation is an organization dedicated to opening doors for parents, youth, and their families to live their best lives through education and physical well-being.

Program Service Accomplishments

Program 1

Expenses: $756,524 Revenue: $1,031,375

Step Up Foundation offers scholarships through fundraising and volunteering opportunities to bridge the gap for expenses that might otherwise be obstacles to achieving goals. Whether the goal is...

Step Up Foundation offers scholarships through fundraising and volunteering opportunities to bridge the gap for expenses that might otherwise be obstacles to achieving goals. Whether the goal is collegiate academic advancement, attending private schooling, sports, dance, or mission trips, Step Up Foundation is here to provide a path to making these dreams a reality.

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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 $1,031,375

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,031,375

Expense Breakdown

Grants Paid $787,099

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $756,524

Other Expenses $0

TOTAL EXPENSES $787,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,031,375	$18,723	+54.1%
Expenses	$787,099	$8,859	+87.8%
Net Income	$244,276	$9,864	+23.8%

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
LYNN KELLEY	PRESIDENT	8	Officer Director	$0	$0	$0
LORA	RICE-ARCHULETA	8	Officer Director	$0	$0	$0
BRETT CORBITT	TREASURER	8	Officer Director	$0	$0	$0
TAMI SMITH	SCHEDULER	20	Director	$0	$0	$0
GRACIE MCCUNE	ASST SCHEDULER	20	Director	$0	$0	$0
DIANA OLIVAS	VOLUNTEER LIAISON	6	Director	$0	$0	$0
PHIL IBARRA	SECRETARY	4	Officer Director	$0	$0	$0
REBECCA THOMPSON	IT/Website	4	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	No data	No data	No data	No data
2023	$1,031,375	$787,099	$254,140	$244,276