NEXT DOOR FOUNDATION 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

1971

Legal Domicile

Principal Officer

HEATHER MEHRING GRAMS

Phone

4145622929

Tax Period

2024-07-01 to 2025-06-30

NEXT DOOR FOUNDATION INC, founded in 1971, is a mid-sized nonprofit in the Recreation & Sports sector that reported $23.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

NEXT DOOR SUPPORTS THE INTELLECTUAL, PHYSICAL AND EMOTIONAL DEVELOPMENT OF CHILDREN BY PARTNERING WITH THEIR FAMILIES FOR SUCCESS IN SCHOOL AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $11,134,127 Revenue: $820,585

HEAD START: HEAD START IS AN EARLY CHILDHOOD EDUCATION PROGRAM FOR CHILDREN AGES 3-5. HEAD START IS BASED ON THE IDEA THAT CHILDREN FROM LOW INCOME FAMILIES DEVELOP BEST WHEN EDUCATION PROGRAMS ARE COMBINED WITH SERVICES TO SUPPORT HEALTH, NUTRITION AND OTHER SOCIAL SERVICE NEEDS. EACH FAMILY WORKS WITH A PARENT EDUCATOR IN THEIR HOMES OR THROUGH CENTER BASED PROGRAMMING AT NEXT DOOR OR PARTNER SITES. PARENT INVOLVEMENT IS CRITICAL IN THE HEAD START MODEL. PARENTS ARE ENGAGED IN THE DECISION MAKING PROCESS FOR THE PROGRAM THROUGH COMMITTEE INVOLVEMENT, ARE EDUCATED ON CHILD DEVELOPMENT STAGES AND CONNECTED WITH COMMUNITY RESOURCES. PARENTS ARE ALSO PROVIDED WITH EDUCATIONAL TRAINING OPPORTUNITIES TO HELP THEM ACHIEVE THEIR PERSONAL AND CAREER GOALS. HEAD START SERVED 544 CHILDREN DURING FISCAL YEAR 2025.

Program 2

Expenses: $7,595,715 Revenue: $330,180

EARLY HEAD START:EARLY HEAD START IS AN ALL-INCLUSIVE PROGRAM WORKING WITH PREGNANT WOMEN AND FAMILIES WITH CHILDREN AGES BIRTH TO THREE. EARLY HEAD START IS BASED ON THE IDEA THAT CHILDREN FROM LOW INCOME FAMILIES DEVELOP BEST WHEN EDUCATION PROGRAMS ARE COMBINED WITH SERVICES TO SUPPORT HEALTH, NUTRITION AND OTHER SOCIAL SERVICE NEEDS. EACH FAMILY WORKS WITH A PARENT EDUCATOR IN THEIR HOMES OR THROUGH CENTER BASED PROGRAMMING AT NEXT DOOR OR PARTNER SITES. CHILDREN PARTICIPATE IN ON-GOING EDUCATION, GROUP ACTIVITIES, HEALTH AND DEVELOPMENTAL SCREENINGS, AND NUTRITIONAL EDUCATION. THE PROGRAM ALSO PROVIDES FAMILIES WITH ACCESS TO MENTAL HEALTH SERVICES, EXTENDED FAMILY SUPPORT, AND RESOURCES TO HELP STRENGTHEN CHILDREN'S SOCIAL-EMOTIONAL DEVELOPMENT. EARLY HEAD START SERVED 503 CHILDREN, AND 20 EXPECTANT MOMS, DURING FISCAL YEAR 2025.

Program 3

Expenses: $1,094,058 Revenue: $1,049,568

CHARTER SCHOOL:THE NEXT DOOR CHARTER SCHOOL PROVIDES FOUR-YEAR-OLD KINDERGARTEN THROUGH A PARTNERSHIP WITH MILWAUKEE PUBLIC SCHOOLS. CERTIFIED KINDERGARTEN TEACHERS AND TEACHING ASSISTANTS PROVIDE A NURTURING AND EDUCATIONAL KINDERGARTEN EXPERIENCE FOR CHILDREN AT THE CENTER. FOUR YEAR OLDS ATTEND A FULL DAY OF A BLENDED HEAD START AND CHARTER MODEL AND FIVE YEAR OLDS PARTICIPATE IN A FULL DAY OF KINDERGARTEN. NEXT DOOR CHARTER SCHOOL SERVED 125 CHILDREN DURING FISCAL YEAR 2025.

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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 $20,629,269

Program Service Revenue $2,499,648

Investment Income $123,167

Other Revenue $35,955

TOTAL REVENUE $23,288,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,904,310

Fundraising Expenses $541,324

Program Expenses $20,380,807

Other Expenses $8,305,208

TOTAL EXPENSES $23,209,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,288,039	$25,341,712	-0.1%
Expenses	$23,209,518	$25,479,450	-0.1%
Net Income	$78,521	$-137,738	-1.6%

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

286

Volunteers

631

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

$218,957

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY JANSEN	EX OFFICIO BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MOLLY MULROY	CHAIR	1.00	Officer Director	$0	$0	$0
WENDY SCHUELLER	VICE CHAIR & PROGRAM COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
TANIKA MURPHY	SECRETARY (THRU 09/24)	1.00	Officer Director	$0	$0	$0
DAN SISEL	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL BEE	DIRECTOR (THRU 06/25)	1.00	Director	$0	$0	$0
JEB BENTLEY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN CHITWOOD	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA COOK	DIRECTOR	1.00	Director	$0	$0	$0
MARK FILMANOWICZ	DIRECTOR	1.00	Director	$0	$0	$0
EBONY GREEN	DIRECTOR (THRU 04/25)	1.00	Director	$0	$0	$0
NANCY GREENISON	DIRECTOR	1.00	Director	$0	$0	$0
LENDRAIA HUGHLETT	DIRECTOR	1.00	Director	$0	$0	$0
JASON KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
KYONGBOON KWON	DIRECTOR	1.00	Director	$0	$0	$0
DESSIE LEVY	DIRECTOR	1.00	Director	$0	$0	$0
EDGAR MAYORGA	DIRECTOR (THRU 04/25)	1.00	Director	$0	$0	$0
JUDGE DEREK MOSLEY	DIRECTOR	1.00	Director	$0	$0	$0
MEG BRZYSKI NELSON	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DR BRILLIANT NIMMER	DIRECTOR	1.00	Director	$0	$0	$0
ELAYE OKUNSERI	DIRECTOR	1.00	Director	$0	$0	$0
AMY RISLOV	DIRECTOR	1.00	Director	$0	$0	$0
EBONY SALMAN	DIRECTOR (THRU 09/24)	1.00	Director	$0	$0	$0
SEAN SCULLEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE TODRYK	DIRECTOR (THRU 09/24)	1.00	Director	$0	$0	$0
JENNIFER VERBRIGGHE	DIRECTOR (THRU 09/24)	1.00	Director	$0	$0	$0
HEATHER MEHRING GRAMS	PRESIDENT	40.00	Officer	$197,716	$21,241	$218,957
JEFF GRANT	VP OF FINANCE & ADMINISTRATION	40.00	Highest	$159,660	$33,838	$193,498
SHEILA MAYHORN	VP OF HUMAN RESOURCES	40.00	Highest	$156,012	$18,478	$174,490
CRISTINA CROGAN	VP OF DEVELOPMENT (THRU 11/24)	40.00	Highest	$134,486	$18,102	$152,588
JESSE WEATHERSBY	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$113,631	$16,873	$130,504

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	$23,288,039	$23,209,518	$18,328,009	$78,521
2024	$25,341,712	$25,479,450	$17,824,653	$-137,738
2023	$27,047,216	$25,635,048	$17,985,947	$1,412,168
2022	$25,084,788	$25,165,931	$19,007,168	$-81,143
2021	$23,941,415	$23,667,129	$19,682,367	$274,286
2020	$23,822,362	$23,557,633	$20,377,180	$264,729
2019	$25,074,175	$22,581,200	$19,602,042	$2,492,975
2018	$23,231,663	$22,948,497	$17,007,632	$283,166