THE NEXT STEP CENTER INC

EIN: 232898766 501(c)(3) Human Services

SOMERSET, PA

Total Revenue
$302,072
Total Expenses
$516,585
Total Assets
$1,388,510
Net Assets
$1,364,125
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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
1999
Legal Domicile
PA
Principal Officer
KAREN FERRY
Phone
8144448588
Tax Period
2024-01-01 to 2024-12-31

THE NEXT STEP CENTER INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $302K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $517K exceeded revenue, resulting in a 71% operating deficit.

Mission

TO PROVIDE A TEMPORARY HOME FOR SOMERSET COUNTY FAMILIES AND INDIVIDUALS, ENABLING THEM TO WORK TOWARD A RESOLUTION OF ISSUES THAT MIGHT HAVE LED TO HOMELESSNESS. WE DO THIS BY REFERRALS TO OTHER COUNTY AGENCIES FOR POTENTIAL ASSISTANCE AND IN-HOUSE COUNSELING. OUR POLICY IS TO OFFER A HELPING HAND, NOT A HAND-OUT. EMERGENCY HOUSING FOR NEIGHBORS, FRIENDS, AND FAMILIES IN CRISIS DUE TO FIRE, FLOOD, EVICTION, JOB LOSS OR UNSAFE LIVING CONDITIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $187,781
Program Service Revenue $101,355
Investment Income $12,704
Other Revenue $232
TOTAL REVENUE $302,072

Expense Breakdown

Grants Paid $0
Salaries & Benefits $245,283
Fundraising Expenses $125
Program Expenses $497,357
Other Expenses $271,302
TOTAL EXPENSES $516,585

Year-over-Year Comparison

2024 2023 Change
Revenue $302,072 $908,588 -0.7%
Expenses $516,585 $732,960 -0.3%
Net Income $-214,513 $175,628 -2.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
14
Volunteers
50

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
4
$0
Total Directors
10
$57,440
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA WENGERD EXECUTIVE DI 40.00
Director
$57,440 $0 $57,440
PAUL BOMBOY TREASURER N/A
Officer Director
$0 $0 $0
KAREN FERRY CHAIRMAN N/A
Officer Director
$0 $0 $0
RENEE GINDLESPERGER SECRETARY N/A
Officer Director
$0 $0 $0
MICHAEL KUHN DIRECTOR N/A
Director
$0 $0 $0
ARNIE MCFARLAND VICE CHAIR N/A
Officer Director
$0 $0 $0
JOSHUA MILLER DIRECTOR N/A
Director
$0 $0 $0
ANDREA PALGUTA DIRECTOR N/A
Director
$0 $0 $0
BRENDA SHAFFER DIRECTOR N/A
Director
$0 $0 $0
NANCY WEBB DIRECTOR N/A
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 $302,072 $516,585 $1,388,510 $-214,513
2023 $908,588 $732,960 $1,603,937 $175,628
2022 $829,930 $542,031 $1,401,948 $287,899
2021 $995,665 $474,855 $1,143,707 $520,810
2020 $449,281 $312,950 $609,073 $136,331
2019 $299,129 $240,158 $461,845 $58,971
2018 $192,134 $234,112 $400,388 $-41,978
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