NEXT CHAPTER MINISTRIES (EIN 300050922) - 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

2002

Legal Domicile

Principal Officer

KEN PRITCHETT

Phone

5075295799

Tax Period

2024-01-01 to 2024-12-31

NEXT CHAPTER MINISTRIES, founded in 2002, is a small nonprofit in the Crime & Legal sector that reported $369K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $440K exceeded revenue, resulting in a 19% operating deficit.

Mission

NEXT CHAPTER'S MISSION IS TO BUILD LASTING RELATIONSHIPS WITH PEOPLE IMPACTED BY THE CYCLE OF INCARCERATION, RESTORING THEM TO GOD, FAMILY, AND COMMUNITY THROUGH HOLISTIC GOSPEL TRANSFORMATION.

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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 $205,619

Program Service Revenue $58,353

Investment Income $8,522

Other Revenue $96,382

TOTAL REVENUE $368,876

Expense Breakdown

Grants Paid $300

Salaries & Benefits $234,837

Fundraising Expenses $16,636

Program Expenses $309,568

Other Expenses $204,872

TOTAL EXPENSES $440,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,876	$408,860	-0.1%
Expenses	$440,009	$402,799	+0.1%
Net Income	$-71,133	$6,061	-12.7%

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

Employees

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OTIS HALL	CHAIR	2.50	Officer Director	$0	$0	$0
HOSEA HARGRETT	Director	1.50	Director	$0	$0	$0
HELEN LAACK	Director	1.50	Director	$0	$0	$0
KEN PRITCHETT	Treasurer	1.50	Officer 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	$368,876	$440,009	$1,094,348	$-71,133
2023	$408,860	$402,799	$1,002,948	$6,061
2022	$391,511	$350,259	$998,892	$41,252
2021	$583,905	$322,005	$822,330	$261,900
2020	$459,084	$339,151	$713,498	$119,933
2019	$363,614	$426,447	$515,502	$-62,833
2018	$287,561	$351,013	$522,203	$-63,452

NEXT CHAPTER MINISTRIES