Next Step Ministries Inc (EIN 260622100) - 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

Lori Baker

Phone

7705921227

Tax Period

2024-01-01 to 2024-12-31

Next Step Ministries Inc, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024.

Mission

Next Step Ministries, Inc. serves families in Cherokee, Cobb and Fulton counties of Georgia by providing therapeutic day programs for individuals with special needs in a Christian environment.

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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 $167,818

Program Service Revenue $818,760

Investment Income $2,132

Other Revenue $46,679

TOTAL REVENUE $1,035,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $742,914

Fundraising Expenses $49,345

Program Expenses $826,946

Other Expenses $318,793

TOTAL EXPENSES $1,061,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,035,389	$1,036,205	0.0%
Expenses	$1,061,707	$1,020,042	+0.0%
Net Income	$-26,318	$16,163	-2.6%

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

$74,727

Total Directors

$74,727

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lori Baker	Executive Dir.	40.00	Officer Director	$74,727	$0	$74,727
Jim McElroy	Chairman	0.00	Director	$0	$0	$0
Susan Newman	Secretary	0.00	Director	$0	$0	$0
Jeff Nevison	Board Member	0.00	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
2024	$1,035,389	$1,061,707	$1,133,835	$-26,318
2023	$1,036,205	$1,020,042	$1,167,249	$16,163
2022	$856,908	$872,289	$1,177,029	$-15,381
2021	$972,244	$748,265	$1,207,505	$223,979
2020	$791,132	$714,675	$1,009,366	$76,457
2019	$955,240	$725,913	$936,753	$229,327
2018	$684,317	$634,723	$721,378	$49,594

Next Step Ministries Inc