NEXTBOOK INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

MORTON LANDOWNE

Phone

2129203698

Tax Period

2023-01-01 to 2023-12-31

NEXTBOOK INC, founded in 2003, is a community nonprofit in the Religion sector that reported $8.4M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $7.9M left a modest 6% surplus.

Program Service Accomplishments

Program 1

Expenses: $6,319,362 Revenue: $473,850

WEB MAGAZINE (TABLET) TRAFFIC INCREASED DRASTICALLY IN Q4 2024. PAGEVIEWS INCREASED FROM A HISTORICAL AVERAGE OF 1.5M PER MONTH TO 2.64M. INSTAGRAM FOLLOWERS INCREASED TO 60,000. TWITTER FOLLOWERS...

WEB MAGAZINE (TABLET) TRAFFIC INCREASED DRASTICALLY IN Q4 2024. PAGEVIEWS INCREASED FROM A HISTORICAL AVERAGE OF 1.5M PER MONTH TO 2.64M. INSTAGRAM FOLLOWERS INCREASED TO 60,000. TWITTER FOLLOWERS ROSE TO 80,000 TABLETS PODCAST, UNORTHODOX, REMAINED NUMBER ONE IN ITS CATEGORY ON ITUNES, AND LAUNCHED A NEW SHOW IN 2023 CALLED WHAT REALLY MATTERS WITH WALTER RUSSELL MEAD.

Program 2

Expenses: $2,095 Revenue: $0

WEB MAGAZINE (JEWCY)- A WHOLLY OWNED SUBSIDIARY OF NEXTBOOK INC. JEWCY MEDIA OPERATES IN THE SAME REALM AS TABLET MAGAZINE, BUT TARGETS A YOUNGER AUDIENCE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,924,176

Program Service Revenue $473,850

Investment Income $36,373

Other Revenue $3,894

TOTAL REVENUE $8,438,293

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $3,412,344

Fundraising Expenses $394,729

Program Expenses $6,321,457

Other Expenses $4,515,271

TOTAL EXPENSES $7,937,615

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,438,293	$6,348,658	+0.3%
Expenses	$7,937,615	$6,680,362	+0.2%
Net Income	$500,678	$-331,704	-2.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$456,896

Total Directors

Key Employees

$552,994

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY KASSEL	PRESIDENT	5.00	Officer Director	$0	$0	$0
MEM D BERNSTEIN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARK CHARENDOFF	BOARD MEMBER	5.00	Director	$0	$0	$0
JUSTIN SHECHTEL	BOARD MEMBER	5.00	Director	$0	$0	$0
YEHUDA NOVICK	BOARD MEMBER	5.00	Director	$0	$0	$0
DANIEL BONNER	BOARD MEMBER	5.00	Director	$0	$0	$0
CARYL RATNER	BOARD MEMBER	5.00	Director	$0	$0	$0
MORTON LANDOWNE	EXECUTIVE DIRECTOR	40.00	Officer	$248,800	$30,082	$278,882
ROBERT BURNAT	CFO	8.00	Officer	$45,000	$0	$45,000
SAMANTHA HACKER	CHIEF ADMINISTRATION OFFICER	40.00	Officer	$130,406	$2,608	$133,014
ALANA NEWHOUSE	EDITOR-IN-CHIEF	40.00	Key Emp Highest	$517,000	$35,994	$552,994
WAYNE HOFFMAN	EXECUTIVE EDITOR	40.00	Highest	$219,800	$24,756	$244,556
LIEL LEIBOVITZ	SENIOR WRITER	40.00	Highest	$178,850	$32,975	$211,825
GABRIEL SANDERS	DIRECTOR OF BUSINESS DEVELOPMENT	40.00	Highest	$159,850	$32,597	$192,447
STEPHANIE BUTNICK	SENIOR EDITOR	40.00	Highest	$194,466	$3,892	$198,358

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	No data	No data	No data	No data
2023	$8,438,293	$7,937,615	$1,462,999	$500,678
2022	$6,348,658	$6,680,362	$1,071,122	$-331,704
2021	$6,280,480	$5,816,160	$1,137,496	$464,320
2020	$4,834,401	$4,938,062	$674,952	$-103,661