Step Springs

Nonprofit profile at a glance

EIN
933361498
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Denver, CO, USA
Phone
7207045969
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Rehabilitation

Reported finances

Revenue
$3,712,587
Expenses
$225,619
Assets
$6,864,813
Liabilities
$21,818

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Highest reported compensation

  • Meghan Shay (Executive Dir.): $134,361 total reported compensation
  • Stephanie Landree (Dir of Admin): $108,769 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Step Springs is a subsidiary organization of Step Denver and when it opens in 2025 will be the first replication of the Step program. Step is a residential recovery community that gives men with nowhere else to turn the opportunity to rebuild their lives through Sobriety, Work, Accountability, and Community. The ultimate goal of the organization is to have its residents transition to safe, sober, independent living situations where they may become productive, contributing members of their communities.

What it reported doing in 2024

As part of its Strategic Plan focused on the goal of serving more men, the Board and Staff of Step Denver have responded to calls from the Colorado Springs community to help address the issues of addiction and homelessness.Upon construction completion of a 50-bed residential facility in Colorado Springs, Step Springs will open its doors and begin serving men Fall 2025.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 23
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 86
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4.5%; rating input score 5
  • Program expense ratio: 37.8%; rating input score 38
  • Fundraising efficiency: $34.15 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 93.9%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 30.43; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 107.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 185.7% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 9.9% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 68.3% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 4.5% of revenue deployed · 37.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $85K in reported program spending
  • Leadership: top reported pay $134K · 9 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 5/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 38/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.