NEXT STEP ARCHERY

EIN: 273271770 501(c)(3) Recreation & Sports

MOUNTLAKE TERRACE, WA

Total Revenue
$330,823
Total Expenses
$373,154
Total Assets
$101,318
Net Assets
$99,337
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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
WA
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.

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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 $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

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Governance

Voting Members
6
Independent Members
N/A
Employees
16
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
3
$10,154
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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