Next City Inc

EIN: 223886361 501(c)(3)

Philadelphia, PA

Total Revenue
$1,794,873
Total Expenses
$1,493,013
Total Assets
$1,279,535
Net Assets
$1,035,089
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
Principal Officer
Lucas Grindley
Phone
2672360762
Tax Period
2024-01-01 to 2024-12-31

Next City Inc, founded in 2002, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $302K, a strong 17% operating margin.

Mission

TO INSPIRE SOCIAL, ECONOMIC AND ENVIRONMENTAL CHANGE IN CITIES THROUGH JOURNALISM AND EVENTS AROUND THE WORLD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,617,667
Program Service Revenue $165,427
Investment Income $7,889
Other Revenue $3,890
TOTAL REVENUE $1,794,873

Expense Breakdown

Grants Paid $0
Salaries & Benefits $991,424
Fundraising Expenses $246,928
Program Expenses $909,134
Other Expenses $501,589
TOTAL EXPENSES $1,493,013

Year-over-Year Comparison

2024 2023 Change
Revenue $1,794,873 $1,417,686 +0.3%
Expenses $1,493,013 $1,187,536 +0.3%
Net Income $301,860 $230,150 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
12
Volunteers
12

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
5
$129,016
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCAS GRINDLEY EXECUTIVE DIRECTOR 40.0
Officer
$129,016 $0 $129,016
ERIC SHAW CHAIR 2.0
Officer Director
$0 $0 $0
Jamie Alderslade vice chair 2.0
Officer Director
$0 $0 $0
Mauricio Andrs Garcia Secretary 2.0
Officer Director
$0 $0 $0
Allison S Joe Treasurer 2.0
Officer Director
$0 $0 $0
Syed Ali BOARD MEMBER 2.0
Director
$0 $0 $0
Lilian Coral BOARD MEMBER 2.0
Director
$0 $0 $0
Kate Didech BOARD MEMBER 2.0
Director
$0 $0 $0
Lynnette McRae BOARD MEMBER 2.0
Director
$0 $0 $0
Casius Pealer BOARD MEMBER 2.0
Director
$0 $0 $0
Khanh Russo BOARD MEMBER 2.0
Director
$0 $0 $0
Tamar Shapiro BOARD MEMBER 2.0
Director
$0 $0 $0
Courtney R Snowden BOARD MEMBER 2.0
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
2024 $1,794,873 $1,493,013 $1,279,535 $301,860
2023 $1,417,686 $1,187,536 $785,431 $230,150
2022 $1,444,228 $1,201,845 $580,582 $242,383
2021 $1,057,776 $1,120,478 $306,037 $-62,702
2020 $1,058,886 $986,606 $362,008 $72,280
2019 $859,618 $1,096,989 $287,665 $-237,371
2018 $741,609 $1,098,720 $500,940 $-357,111
Explore More Nonprofits
→Top 100 Nonprofits in Pennsylvania →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Next City Inc with other nonprofits in Pennsylvania and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.