FIRST STEP FAMILY SUPPORT CENTER (EIN 910897485) - 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

1971

Legal Domicile

Principal Officer

TYRONE BEATTY

Phone

3604578355

Tax Period

2024-01-01 to 2024-12-31

FIRST STEP FAMILY SUPPORT CENTER, founded in 1971, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 34% operating margin.

Mission

PROMOTING THE HEALTHY DEVELOPMENT OF CHILDREN AND FAMILIES ON THE NORTH OLYMPIC PENINSULA.

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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 $3,359,289

Program Service Revenue $51,198

Investment Income $107,222

Other Revenue $220,841

TOTAL REVENUE $3,738,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,822,765

Fundraising Expenses $0

Program Expenses $2,203,962

Other Expenses $660,999

TOTAL EXPENSES $2,483,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,738,550	$2,517,622	+0.5%
Expenses	$2,483,764	$2,403,243	+0.0%
Net Income	$1,254,786	$114,379	+10.0%

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

Volunteers

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

$157,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYRONE BEATTY	PRESIDENT	0.54	Officer Director	$0	$0	$0
KATHY MURPHY-CAREY	VICE PRESIDENT	1.57	Officer Director	$0	$0	$0
JOHN WEGMANN	SECRETARY	0.65	Officer Director	$0	$0	$0
DON HOY	TREASURER	0.57	Officer Director	$0	$0	$0
SARAH FLETCHER	BOARD MEMBER	0.57	Director	$0	$0	$0
TRACEY HOSSELKUS	BOARD MEMBER	0.57	Director	$0	$0	$0
TINA SMITH	BOARD MEMBER	0.57	Director	$0	$0	$0
LAURIE SZEPCZYNSKI	BOARD MEMBER	0.83	Director	$0	$0	$0
BETSY WHARTON	BOARD MEMBER	0.62	Director	$0	$0	$0
ELISIA ANDERSON	EXECUTIVE DIRECTOR	40.00	Officer	$141,544	$15,666	$157,210

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	$3,738,550	$2,483,764	$4,593,213	$1,254,786
2023	$2,517,622	$2,403,243	$3,330,806	$114,379
2022	$2,323,517	$2,002,510	$3,154,369	$321,007
2021	$1,812,242	$1,542,659	$2,732,982	$269,583
2020	$1,754,495	$1,365,544	$2,466,269	$388,951
2019	$1,395,928	$1,305,013	$2,085,930	$90,915
2018	$1,275,583	$1,298,745	$2,020,161	$-23,162

FIRST STEP FAMILY SUPPORT CENTER