NEXTECHORG 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

2011

Legal Domicile

Phone

3176342423

Tax Period

2024-01-01 to 2024-12-31

NEXTECHORG INC, founded in 2011, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024.

Mission

TO ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES, INCLUDING BUT NOT LIMITED TO, (I) TO PROVIDE EDUCATIONAL OPPORTUNITIES FOCUSED ON COMPUTER SCIENCE AND TECHNOLOGY TO K-12 STUDENTS THROUGHOUT THE STATE OF INDIANA, (II) EDUCATING AND PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO EDUCATORS IN THE STATE OF INDIANA IN THE CORE COMPETENCIES OF COMPUTER SCIENCE AND TECHNOLOGY, (III) INCREASING AWARENESS IN THE COMMUNITY REGARDING COMPUTER SCIENCE AND TECHNOLOGY EDUCATION AND CAREER OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,263,091 Revenue: $131,832

EDUCATOR SUCCESS - EQUIPPING K-12 TEACHERS WITH THE CONTENT KNOWLEDGE, INSTRUCTIONAL STRATEGIES AND INDUSTRY EXPERIENCES TO CONFIDENTLY DELIVER CS CURRICULUM TO ALL INDIANA STUDENTS.

Program 2

Expenses: $610,177

CATAPULT EXPERIENCES - IMMERSING AREA HIGH SCHOOL JUNIORS AND SENIORS IN THE TECH COMMUNITY THROUGH ACCELERATED-LEARNING PROGRAMS.

Program 3

Expenses: $158,176

STUDENT EXPERIENCES ARE A SET OF OPPORTUNITIES FOR INDIANA K-12 STUDENTS TO EXPLORE AND DISCOVER THE DISCIPLINE OF COMPUTER SCIENCE AND THE POTENTIAL OF A POST-SECONDARY PATH AND CAREER IN TECHNOLOGY.

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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 $2,113,678

Program Service Revenue $131,832

Investment Income $307,736

Other Revenue $-12,372

TOTAL REVENUE $2,540,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,211,249

Fundraising Expenses $94,994

Program Expenses $2,031,444

Other Expenses $1,277,940

TOTAL EXPENSES $2,489,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,540,874	$2,635,956	0.0%
Expenses	$2,489,189	$1,977,038	+0.3%
Net Income	$51,685	$658,918	-0.9%

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

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

$241,007

Total Directors

$209,294

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY VUKOVITS	TREASURER	1.0	Officer Director	$0	$0	$0
JEN OLEKSIW	SECRETARY	1.0	Officer Director	$0	$0	$0
SCOTT DORSEY	CHAIRMAN	1.0	Officer Director	$0	$0	$0
Alan Lindsey	BOARD MEMBER	1.0	Director	$0	$0	$0
Jeff Bennett	BOARD MEMBER	1.0	Director	$0	$43,266	$209,294
MARY KAY HUSE	BOARD MEMBER	1.0	Director	$0	$0	$0
Stephanie Bothun	BOARD MEMBER	1.0	Director	$0	$0	$0
KAREN JUNG	PRESIDENT	40.0	Officer	$201,149	$39,858	$241,007
STEPHANIE ZIRCHER	DIRECTOR, OPERATIONS	40.0	Highest	$142,276	$41,018	$183,294

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	$2,540,874	$2,489,189	$4,588,862	$51,685
2023	$2,635,956	$1,977,038	$4,373,017	$658,918
2022	$1,296,882	$1,452,391	$3,408,987	$-155,509
2021	$1,114,782	$1,246,984	$4,116,093	$-132,202