NEXTGEN NETWORK INC (EIN 364344785) - 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

1999

Legal Domicile

Principal Officer

GRESFORD GRAY

Phone

2024992701

Tax Period

2024-01-01 to 2024-12-31

NEXTGEN NETWORK INC, founded in 1999, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

WE PROVIDE CAREER AND PROFESSIONAL DEVELOPMENT, COMMUNITY SERVICEOPPORTUNITIES, AND POINTS OF ORIGIN CONNECTIVITY FOR AFRICAN AMERICAN AND OTHER MINORITY PROFESSIONALS.

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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 $930,921

Program Service Revenue $302,929

Investment Income $1,455

Other Revenue $0

TOTAL REVENUE $1,235,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,331,201

Other Expenses $1,359,246

TOTAL EXPENSES $1,359,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,235,305	$1,377,899	-0.1%
Expenses	$1,359,246	$1,456,434	-0.1%
Net Income	$-123,941	$-78,535	+0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE GREENE	PRES	002.00	Officer Director	$0	$0	$0
MARIO LEWIS	DIRECTOR	002.00	Director	$0	$0	$0
ORAL MUIR	DIRECTOR	002.00	Director	$0	$0	$0
GRESFORD GRAY	TREASURER	002.00	Officer Director	$0	$0	$0
SHARON TAYLOR	DIRECTOR	002.00	Director	$0	$0	$0
ERIC WATSON	DIRECTOR	002.00	Director	$0	$0	$0
RON PARKER	DIRECTOR	002.00	Director	$0	$0	$0
JOY BOOKER	DIRECTOR	002.00	Director	$0	$0	$0
CAMILLA MCGHEE	DIRECTOR	002.00	Director	$0	$0	$0
LATOYA LANG	DIRECTOR	002.00	Director	$0	$0	$0
KYLE PRICE	DIRECTOR	002.00	Director	$0	$0	$0
DALE OLADAPO	DIRECTOR	002.00	Director	$0	$0	$0
TASHEAYA ELLISON	DIRECTOR	002.00	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	$1,235,305	$1,359,246	$501,899	$-123,941
2023	$1,377,899	$1,456,434	$633,516	$-78,535
2022	$1,366,184	$1,287,745	$691,578	$78,439
2021	$827,009	$686,254	$603,587	$140,755
2020	$894,962	$535,462	$456,848	$359,500
2019	$735,442	$844,740	$94,163	$-109,298
2018	$559,630	$533,294	$211,637	$26,336

NEXTGEN NETWORK INC