SECOND STEP HOUSING (EIN 911691325) - 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

1995

Legal Domicile

Principal Officer

TIM FOLEY

Phone

3609935301

Tax Period

2024-07-01 to 2025-06-30

SECOND STEP HOUSING, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE PERMANENT AND TRANSITIONAL AFFORDABLE RENTAL HOUSING LINKED TO COMMUNITY SERVICES FOR HOMELESS PEOPLE AND FAMILIES IN CLARK COUNTY.

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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 $327,630

Program Service Revenue $1,379,209

Investment Income $55,497

Other Revenue $158,909

TOTAL REVENUE $1,921,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,273

Fundraising Expenses $14,891

Program Expenses $1,601,939

Other Expenses $1,648,007

TOTAL EXPENSES $1,971,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,921,245	$1,722,067	+0.1%
Expenses	$1,971,280	$1,668,913	+0.2%
Net Income	$-50,035	$53,154	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL NEWTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW HARPER	TREASURER	1.00	Officer Director	$0	$0	$0
GARIE MATEO	BOARD MEMBER	1.00	Director	$0	$0	$0
NICKY FERGUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA CHEESEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE ASHCRAFT	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM FOLEY	EXECUTIVE DI	40.00	Highest	$129,896	$15,614	$145,510

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
2025	$1,921,245	$1,971,280	$10,680,602	$-50,035
2024	$1,722,067	$1,668,913	$12,902,292	$53,154
2023	$2,205,911	$1,718,073	$12,909,949	$487,838
2022	$2,208,103	$1,342,152	$12,452,328	$865,951
2021	$809,247	$1,030,653	$8,360,532	$-221,406
2020	$1,052,531	$854,068	$8,455,374	$198,463
2019	$568,249	$590,120	$8,203,265	$-21,871
2018	$760,474	$666,101	$8,294,919	$94,373

SECOND STEP HOUSING