THE NEXT STEP FUND INC (EIN 043579298) - 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

2001

Legal Domicile

Principal Officer

WILLIAM KUBICEK

Phone

6178642921

Tax Period

2023-04-01 to 2024-03-31

THE NEXT STEP FUND INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $877K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE NEXT STEP FUND, INC. PROVIDES SUPPORT AND EDUCATION PROGRAMS FOR TEENAGERS AND YOUNG ADULTS WITH CHRONIC ILLNESSES OR HISTORY OF CHILDHOOD CANCER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $429,816

Program Service Revenue $93,902

Investment Income $51,164

Other Revenue $302,451

TOTAL REVENUE $877,333

Expense Breakdown

Grants Paid $5,280

Salaries & Benefits $649,587

Fundraising Expenses $157,771

Program Expenses $735,540

Other Expenses $355,464

TOTAL EXPENSES $1,010,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$877,333	$1,318,489	-0.3%
Expenses	$1,010,331	$908,203	+0.1%
Net Income	$-132,998	$410,286	-1.3%

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

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

$106,017

Total Directors

$106,017

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KINGDAR PRUSSIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
EUGENE CROWLEY	TREASURER	1.00	Officer Director	$0	$0	$0
MARY ANN GUILLETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH PASCIUCCO	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MATTHEW HEENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
REYN PARSONS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DR MARK SALVATORE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC STEPANIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM KUBICEK	EXECUTIVE DIRECTOR/PRESIDE	40.00	Officer Director	$106,017	$0	$106,017
RENA GREIFINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH PALMER CASTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL FURER	BOARD MEMBER	1.00	Director	$0	$0	$0
CRYSTAL TAYLOR	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$877,333	$1,010,331	$1,426,732	$-132,998
2023	$1,318,489	$908,203	$1,602,489	$410,286
2022	$1,170,719	$732,851	$995,578	$437,868
2021	$733,090	$702,335	$645,997	$30,755
2020	$825,551	$668,158	$548,449	$157,393
2019	$699,689	$658,530	$397,316	$41,159

THE NEXT STEP FUND INC