NEXT STEP ARCHERY

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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

2010

Legal Domicile

Principal Officer

JAMES MCMURCHIE

Phone

4259772770

Tax Period

2024-01-01 to 2024-12-31

NEXT STEP ARCHERY, founded in 2010, is a small nonprofit in the Recreation & Sports sector that reported $331K in total revenue in fiscal year 2024. Expenses of $373K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO TEACH, PROMOTE AND ENCOURAGE THE SPORT OF ARCHERY WITH ADULTS AND YOUTH BY PROVIDING EDUCATION, SUPPORT AND AVENUES OF COMPETITION.

Program Service Accomplishments

Program 1

TO TEACH, PROMOTE AND ENCOURAGE THE SPORT OF ARCHERY WITH ADULTS AND YOUTH BY PROVIDING EDUCATION, SUPPORT AND AVENUES OF COMPETITION.

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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 $1,737

Program Service Revenue $326,030

Investment Income $1,944

Other Revenue $1,112

TOTAL REVENUE $330,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,436

Fundraising Expenses $0

Program Expenses $336,246

Other Expenses $146,718

TOTAL EXPENSES $373,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,823	$316,030	+0.0%
Expenses	$373,154	$332,796	+0.1%
Net Income	$-42,331	$-16,766	+1.5%

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

N/A

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

$10,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MCMURCHIE	VICE PRESIDE	10.00	Officer	$10,154	$0	$10,154
ROB COOK	DIRECTOR	1.00	Director	$0	$0	$0
TIMM HINES	DIRECTOR	1.00	Director	$0	$0	$0
BRAD OWEN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CHAO	TREASURER	1.00	Officer	$0	$0	$0
ROBERT HICKEY	PRESIDENT	1.00	Officer	$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	$330,823	$373,154	$101,318	$-42,331
2023	$316,030	$332,796	$143,223	$-16,766
2022	$426,001	$327,383	$161,824	$98,618
2021	$316,578	$248,566	$101,846	$68,012
2020	$225,830	$264,703	$32,994	$-38,873
2019	$360,552	$360,452	$32,462	$100
2018	$370,476	$390,744	$33,242	$-20,268