NEXTCORPS INC (EIN 161195028) - 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

1987

Legal Domicile

Principal Officer

JAMES S SENALL

Phone

5852142400

Tax Period

2024-07-01 to 2025-06-30

NEXTCORPS INC, founded in 1987, is a mid-sized nonprofit in the Social Science sector that reported $13.2M in total revenue in fiscal year 2024. The organization ran a surplus of $3.2M, a strong 24% operating margin.

Mission

NEXTCORPS IS A NON-PROFIT HELPING INNOVATIVE TECHNOLOGY COMPANIES LAUNCH AND GROW.

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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 $11,315,962

Program Service Revenue $1,711,119

Investment Income $174,398

Other Revenue $0

TOTAL REVENUE $13,201,479

Expense Breakdown

Grants Paid $826,667

Salaries & Benefits $4,203,822

Fundraising Expenses $0

Program Expenses $8,934,505

Other Expenses $5,011,177

TOTAL EXPENSES $10,041,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,201,479	$13,633,546	0.0%
Expenses	$10,041,666	$11,235,051	-0.1%
Net Income	$3,159,813	$2,398,495	+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

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

$649,851

Total Directors

$1,693,459

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA B MAZZULLO	DIRECTOR	0.50	Director	$0	$55,233	$367,857
CHRISTINE B WHITMAN	DIRECTOR - THRU NOV 2024	0.50	Director	$0	$0	$0
LORI GREEN	DIRECTOR, VICE CHAIR & SEC	0.50	Officer Director	$0	$0	$0
PETER G ROBINSON	DIRECTOR & CHAIRMAN	0.50	Officer Director	$0	$132,020	$649,851
JAMES S SENALL	DIRECTOR & PRESIDENT	40.00	Officer Director	$0	$0	$0
ARUNAS CHESONIS	DIRECTOR	0.50	Director	$0	$0	$0
DANA MILLER	DIRECTOR	0.50	Director	$0	$0	$0
JAY POPLI	DIRECTOR & TREASURER	0.50	Officer Director	$0	$0	$0
RYNE RAFFAELLE	DIRECTOR	0.50	Director	$0	$0	$0
JOE WESLEY	DIRECTOR - THRU FEB 2025	0.50	Director	$0	$0	$0
ANA LISS	DIRECTOR	0.50	Director	$0	$0	$0
DAN BURNS	DIRECTOR	0.50	Director	$0	$0	$0
STEVE DEWHURST	DIRECTOR	0.50	Director	$0	$52,857	$675,751
JEFFREY QUAIN	DIRECTOR	0.50	Director	$0	$0	$0
TIMOTHY THANEY	DIRECTOR	0.50	Director	$0	$0	$0
JOHN F MAGEE	CFO	40.00	Officer	$0	$0	$0
SUJATHA RAMANUJAN	MANAGING DIRECTOR, LUMINAT	40.00	Officer	$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	$13,201,479	$10,041,666	$44,800,835	$3,159,813
2024	$13,633,546	$11,235,051	$40,617,824	$2,398,495
2023	$14,656,839	$12,013,233	$36,635,804	$2,643,606
2022	$13,022,284	$9,944,756	$34,895,664	$3,077,528
2021	$13,616,302	$9,500,970	$28,231,131	$4,115,332
2020	$10,249,202	$8,275,835	$26,831,605	$1,973,367
2019	$10,775,735	$8,320,156	$22,367,149	$2,455,579
2018	$17,942,048	$7,384,198	$30,500,522	$10,557,850

NEXTCORPS INC