WHITE HORSE STEPSTONE

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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

2023

Legal Domicile

Principal Officer

DOUG ORR

Tax Period

2024-01-01 to 2024-12-31

WHITE HORSE STEPSTONE, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $955K in total revenue in fiscal year 2024. Revenue surged 560% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDING CULTURAL, ARTISTIC, HISTORIC, OR EDUCATIONAL ACTIVITIES WITH A FOCUS ON LIVE MUSIC PERFORMANCE, AS WELL AS PROVIDING A VENUE FOR OTHER CHARITABLE AND COMMUNITY ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $914,909

HOLDING MUSICAL PERFORMANCES AND EVENTS WITH A FOCUS ON EDUCATION AND AWARENESS OF THE CULTURE, HISTORY, AND DEVELOPMENT OF VARIOUS GENRES OF MUSIC AND MUSICAL PERFORMANCES. DURING 2024, WESTERN NC SUSTAINED SIGNIFICANT DESTRUCTION FOLLOWING HURRICANE HELENE. WHSS BECAME A HUB FOR DISASTER RELIEF, HOLDING EVENTS TO SUPPORT AND PARTNER WITH AREA NONPROFITS IN RELIEF AND RECOVERY EFFORTS.

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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 $775,562

Program Service Revenue $179,457

Investment Income $0

Other Revenue $0

TOTAL REVENUE $955,019

Expense Breakdown

Grants Paid $135,310

Salaries & Benefits $110,028

Fundraising Expenses $177,938

Program Expenses $914,909

Other Expenses $940,101

TOTAL EXPENSES $1,185,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$955,019	$144,630	+5.6%
Expenses	$1,185,439	$127,325	+8.3%
Net Income	$-230,420	$17,305	-14.3%

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

N/A

Employees

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	Role	Reportable Comp	Other Comp	Total
DOUG ORR	PRESIDENT	Officer Director	$0	$0	$0
GARETH HIGGINS	DIRECTOR	Director	$0	$0	$0
AMY KIM KYREMES-PARKS	DIRECTOR	Director	$0	$0	$0
RAMSEY HINKLE	VICE PRESIDENT	Officer Director	$0	$0	$0
THOMAS BROWN	TREASURER	Officer Director	$0	$0	$0
JUSTICE RODGERS	SECRETARY	Officer Director	$0	$0	$0
CECILY HINES	DIRECTOR	Director	$0	$0	$0
ANN WHITE	DIRECTOR	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	$955,019	$1,185,439	$1,252,857	$-230,420
2023	$144,630	$127,325	$779,844	$17,305