THE NEXT STEP FUND INC

EIN: 043579298 501(c)(3) Human Services

CAMBRIDGE, MA

Total Revenue
$877,333
Total Expenses
$1,010,331
Total Assets
$1,426,732
Net Assets
$1,255,731
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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
MA
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

DEVELOPING NEW ENGLAND PROGRAMS FOR TEEN AND YOUNG ADULT SURVIVORS OF SERIOUS CHRONIC ILLNESS.

Program Service Accomplishments

Program 1
Expenses: $735,540 Revenue: $523,718

DEVELOPING PROGRAMS FOR TEEN AND YOUNG ADULT SURVIVORS OF SERIOUS CHRONIC ILLNESS.

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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%)

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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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Governance

Voting Members
13
Independent Members
13
Employees
14
Volunteers
85

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
3
$106,017
Total Directors
13
$106,017
Key Employees
0
$0
Highest Compensated
0
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
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