NEXT STEP MINISTRIES INC

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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

NEXT STEP MINISTRIES PROVIDES OPPORTUNITIES FOR STUDENTS TO EXPLORE THEIR FAITH, EXPERIENCE GOD, AND EXTEND SERVICE TO OTHERS, IN THE NAME OF JESUS CHRIST.

Program Service Accomplishments

Program 1

Expenses: $1,405,912 Revenue: $1,829,386

NEXT STEP MINISTRIES IS A CHRIST-CENTERED, 501(C)(3) NONPROFIT WITH THE HEARTBEAT TO DO MISSIONS DIFFERENTLY. WE ARE PASSIONATE ABOUT THE EXPERIENCE STUDENTS CAN HAVE ON A MISSION TRIP- SERVING...

NEXT STEP MINISTRIES IS A CHRIST-CENTERED, 501(C)(3) NONPROFIT WITH THE HEARTBEAT TO DO MISSIONS DIFFERENTLY. WE ARE PASSIONATE ABOUT THE EXPERIENCE STUDENTS CAN HAVE ON A MISSION TRIP- SERVING OTHERS WHILE ENCOUNTERING A LIVING GOD WHO OFFERS FREEDOM AND GRACE.WE ARE PASSIONATE ABOUT COMMUNITIES THRIVING- DEVELOPING FROM WITHIN AND RESTORING DIGNITY. TO THIS END, WE LEAD THOUSANDS OF STUDENTS ON ONE-WEEK MISSION TRIPS THAT CONNECT THEM WITH SUSTAINABLE COMMUNITY-LED INITIATIVES WE SUPPORT ON A YEAR-ROUND BASIS.FILMS - NEXT STEP MINISTRIES PROVIDES ORIGINAL VIDEO SERIES AND STUDY GUIDES. EVERY YEAR AN ORIGINAL FILM SERIES IS PRODUCED THAT COINCIDES WITH THE EVENING MESSAGES. THE FILM SERIES IS MEANT TO REACH OTHERS IN YET ANOTHER WAY WITH POWERFUL STORIES OF CHRIST IN ACTION. WHILE EVERYFILM SERIES IS DIFFERENT, IT IS OUR HOPE THAT STUDENTS RELATE TO THE PEOPLE IN THE FILM SERIES AND BEGIN TO UNDERSTAND THAT THEY ARE NOT ALONE.

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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
2025	No data	No data	No data	No data
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