NEXT STEP OF WEST MICHIGAN (EIN 205638361) - 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

2007

Legal Domicile

Principal Officer

GORDON OOSTING

Phone

6162434477

Tax Period

2024-07-01 to 2025-06-30

NEXT STEP OF WEST MICHIGAN, founded in 2007, is a community nonprofit in the Crime & Legal sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 5% surplus.

Mission

A FAITH BASED ORGANIZATION EMPLOYING PEOPLE COMING OUT OF PRISON OR REHAB AND PROVIDING THEM WITH A COMMUNITY OF SUPPORT THAT WILL HELP THEM INTEGRATE INTO THE WORKFORCE, REGAIN HOPE AND EMPOWER THEMSELVES TO CREATE A BETTER FUTURE.

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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 $883,519

Program Service Revenue $101,570

Investment Income $0

Other Revenue $1,784,488

TOTAL REVENUE $2,769,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,662,931

Fundraising Expenses $0

Program Expenses $2,032,344

Other Expenses $976,477

TOTAL EXPENSES $2,639,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,769,577	$1,893,877	+0.5%
Expenses	$2,639,408	$1,557,093	+0.7%
Net Income	$130,169	$336,784	-0.6%

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

$441,460

Total Directors

$172,482

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESHUA LAUKA	SECRETARY	2.00	Officer Director	$0	$0	$0
GORDON OOSTING	TREASURER	2.00	Officer Director	$0	$14,934	$134,348
CHRISTOPHER PALUSKY	PRESIDENT	2.00	Officer Director	$0	$2,117	$38,134
ROBERT WORTHINGTON	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS VANKAMPEN	PRESIDENT	2.00	Officer	$0	$3,048	$16,806
DAVID BULT	EXECUTIVE DIRECTOR	50.00	Officer	$111,277	$30,221	$141,498
ADRIENNE GOODSTAL	PRESIDENT	2.00	Officer	$0	$17,310	$110,674

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	$2,769,577	$2,639,408	$1,784,532	$130,169
2024	$1,893,877	$1,557,093	$2,213,091	$336,784
2023	$1,749,512	$1,576,974	$1,154,005	$172,538
2022	$1,948,657	$1,459,981	$3,552,348	$488,676
2021	$1,042,566	$1,165,839	$3,095,128	$-123,273
2019	$1,195,145	$1,004,507	$2,647,588	$190,638
2018	$919,539	$811,133	$2,429,955	$108,406

NEXT STEP OF WEST MICHIGAN