First Story (EIN 911755886) - 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

1998

Legal Domicile

Phone

5417280830

Tax Period

2024-01-01 to 2024-12-31

First Story, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $4.8M in total revenue in fiscal year 2024. The organization ran a surplus of $2.4M, a strong 49% operating margin.

Mission

FIRST STORY PROVIDES QUALITY AFFORDABLE HOUSING THROUGH A 30-YEAR, ZERO-INTEREST AND ZERO-DOWN HOME LOAN TO LOWER-INCOME FAMILIES (DEFINED AS BELOW 80% OF AREA MEDIAN INCOME). IN ADDITION, FIRST STORY PROVIDES FINANCIAL SUPPORT TO LOW-INCOME INDIVIDUALS, PERSONS IN NEED AND AT-RISK YOUTH AND FUNDING FOR HOUSING/SHELTER SERVICES, HUNGER RELIEF, EMERGENCY AID, AND/OR SUPPORT TO OTHER ORGANIZATIONS ALIGNED WITH THE CORPORATIONS MISSION.

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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 $2,823,326

Program Service Revenue $1,939,401

Investment Income $233,495

Other Revenue $-152,880

TOTAL REVENUE $4,843,342

Expense Breakdown

Grants Paid $214,500

Salaries & Benefits $0

Fundraising Expenses $97,909

Program Expenses $2,214,793

Other Expenses $2,254,101

TOTAL EXPENSES $2,468,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,843,342	$4,523,613	+0.1%
Expenses	$2,468,601	$2,693,587	-0.1%
Net Income	$2,374,741	$1,830,026	+0.3%

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

250

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
GEORGE SLAPE	Trustee	4.00	Director	$0	$0	$0
LEVI MEANS	Trustee	4.00	Director	$0	$0	$0
DENNIS MURPHY	Trustee	4.00	Director	$0	$0	$0
Steve Klingman	Trustee	4.00	Director	$0	$0	$0
HAYDEN WATSON	Trustee	4.00	Director	$0	$0	$0
SCOTT KNOX	Trustee	4.00	Director	$0	$0	$0
Darrin Willard	Trustee	4.00	Director	$0	$0	$0
Megan Langer	Trustee	4.00	Director	$0	$0	$0
Mathew Robinson	President	4.00	Officer	$0	$0	$0
ALAN STEWART	Treasurer	4.00	Officer	$0	$0	$0
ALICIA MOORE	Secretary	4.00	Officer	$0	$0	$0
CLAIRE DUNCAN	EXECUTIVE DIRECTOR	40.00		$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	$4,843,342	$2,468,601	$24,294,127	$2,374,741
2023	$4,523,613	$2,693,587	$21,809,355	$1,830,026
2023	$4,523,613	$2,693,587	$21,809,355	$1,830,026
2022	$4,453,023	$2,465,872	$19,966,948	$1,987,151
2022	$4,453,023	$2,465,872	$19,966,948	$1,987,151
2021	$4,059,570	$2,000,573	$17,985,928	$2,058,997
2021	$4,059,570	$2,000,573	$17,985,928	$2,058,997
2021	$4,059,570	$2,000,573	$17,985,928	$2,058,997
2020	$3,476,729	$2,016,154	$15,907,914	$1,460,575
2018	$2,760,113	$1,497,346	$12,796,123	$1,262,767

First Story