Next Step Foundation Inc (EIN 451831576) - 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

Legal Domicile

Phone

8129175006

Tax Period

2024-01-01 to 2024-12-31

Next Step Foundation Inc is a community nonprofit in the Mental Health sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 37% operating margin.

Mission

Rehabilitation home for women and men recovering from addiction

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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 $1,749,367

Program Service Revenue $2,997,640

Investment Income $0

Other Revenue $6,748

TOTAL REVENUE $4,753,755

Expense Breakdown

Grants Paid $30,596

Salaries & Benefits $2,056,149

Fundraising Expenses $0

Program Expenses $3,010,976

Other Expenses $924,231

TOTAL EXPENSES $3,010,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,753,755	$2,971,595	+0.6%
Expenses	$3,010,976	$2,712,063	+0.1%
Net Income	$1,742,779	$259,532	+5.7%

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

N/A

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

$70,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA SIMONS	Executive Dir.	40.00	Officer	$70,600	$0	$70,600
COLLEEN CHESTNUT	Director	2.00	Director	$0	$0	$0
TIM FEARS	Director	2.00	Director	$0	$0	$0
ROBERT THRIFT	Director	2.00	Director	$0	$0	$0
PAULA DUGGINS	Director	0.00	Director	$0	$0	$0
LINC HOBBS	Treasurer	2.00	Officer	$0	$0	$0
JENNIFER TODD	Chairman	2.00	Officer	$0	$0	$0
DIANN RINGO	Secretary	2.00	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	$4,753,755	$3,010,976	$4,894,041	$1,742,779
2023	$2,971,595	$2,712,063	$2,811,917	$259,532
2022	$1,804,054	$1,786,666	$1,876,344	$17,388
2021	$1,269,000	$1,159,874	$1,517,854	$109,126
2020	$1,102,850	$899,416	$1,109,821	$203,434
2019	$726,905	$698,796	$842,136	$28,109

Next Step Foundation Inc