NEXT STEP MINISTRIES INC (EIN 261110499) - 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

JAMES HOLLMAN

Phone

6085771787

Tax Period

2023-10-01 to 2024-09-30

NEXT STEP MINISTRIES INC, founded in 2007, is a community nonprofit in the Religion sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

TO TEACH AND PREACH THE GOSPEL THROUGH SPEAKING ENGAGEMENTS AND MISSIONS, PRODUCE AND DISTRIBUTE CHRISTIAN LITERATURE, CONDUCT PUBLIC CONFERENCES AND EVANGELISTIC ACTIVITIES, PROVIDE FOREIGN AND DOMESTIC SUPPORT TO COMMUNITIES, OFFER BIBLE BASED AND EDUCATIONAL CLASSES, UTILIZE VARIOUS FORMS OF MEDIA IN ORDER TO IMPACT YOUTH AND ADULTS, OFFER EMOTIONAL AND SPIRITUAL COUNSELING, LICENSE AND ORDAIN PASTORS OF THE GOSPEL AND TO ALSO ENGAGE IN ACTIVITIES WHICH ARE NECESSARY, SUITABLE OR CONVENIENT FOR THE ACCOMPLISHMENT OF THAT PURPOSE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $80,152

Program Service Revenue $1,829,386

Investment Income $0

Other Revenue $16,421

TOTAL REVENUE $1,925,959

Expense Breakdown

Grants Paid $25,330

Salaries & Benefits $829,434

Fundraising Expenses $0

Program Expenses $1,405,912

Other Expenses $1,117,223

TOTAL EXPENSES $1,971,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,925,959	$2,200,152	-0.1%
Expenses	$1,971,987	$2,362,912	-0.2%
Net Income	$-46,028	$-162,760	-0.7%

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

N/A

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

$225,664

Total Directors

$212,553

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HOLLMAN	FINANCE/OPERATIONS DIR/PRESIDENT	45.00	Officer Director	$77,400	$10,800	$88,200
TODD GEHRMANN	SPIRITUAL DIRECTOR/SECRETARY	45.00	Officer Director	$27,240	$10,800	$38,040
BARAK TSCHIRHART	MISSIONS DIRECTOR/TREASURER	45.00	Officer Director	$62,169	$24,144	$86,313
NEIL ROWE	CREATIVE DIRECTOR	40.00	Officer	$5,311	$7,800	$13,111

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	$1,925,959	$1,971,987	$232,627	$-46,028
2023	$2,200,152	$2,362,912	$225,171	$-162,760
2022	$1,851,024	$1,847,580	$374,569	$3,444
2021	$925,303	$1,163,525	$502,690	$-238,222
2020	$1,434,825	$1,309,830	$722,049	$124,995
2019	$3,106,969	$3,034,500	$444,359	$72,469
2018	$3,254,911	$3,316,050	$387,108	$-61,139

NEXT STEP MINISTRIES INC