NEXT LIFE FOUNDATION (EIN 465588534) - 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

2015

Phone

7123307031

Tax Period

2024-01-01 to 2024-12-31

NEXT LIFE FOUNDATION, founded in 2015, is a small nonprofit in the Employment sector that reported $201K in total revenue in fiscal year 2024. The organization ran a surplus of $54K, a strong 27% operating margin.

Mission

NEXT LIFE FOUNDATION'S PURPOSE IS TO PROMOTE AND SUSTAIN CHRISTIAN VOCATIONAL TRAINING IN MBUGUNI, TANZANIA. THERE ARE 30 TAILORING STUDENTS AND 8 CARPENTRY STUDENTS THAT REQUIRE FABRIC, NEEDLES, THREAD, WOOD, GLUE AND TRANSPORTATION OF THESE SUPPLIES TO THE VILLAGE, ETC. WAGES ARE PAID TO THREE TEACHERS, THREE ADMINISTRATORS AND A COOK. AN ATTORNEY IS KEPT ON RETAINER IN COUNTRY. COMMUNITY OUTREACH IS PROVIDED EACH MONTH AS NEEDED FOR ILLNESSES AND OTHER SEVERE NEEDS AS THE TANZANIAN STAFF APPROVES. DEVELOPMENT OF A NEW CAMPUS BEGAN IN EARLY 2021. A TWO-CLASSROOM BUILDING AND A RESTROOM WERE COMPLETED IN 2021. A PERIMETER SECURITY WALL IS UNDER CONSTRUCTION. THE AMERICAN BOARD APPROVES FINANCIAL REPORTS OF HOW FUNDS WERE SPENT BY THE TANZANIAN BOARD AND PROVIDES FUNDS BASED ON ITEMIZED MONTHLY EXPENSES.

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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 $192,560

Program Service Revenue $0

Investment Income $0

Other Revenue $8,052

TOTAL REVENUE $200,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,784

Other Expenses $146,784

TOTAL EXPENSES $146,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,612	N/A	N/A
Expenses	$146,784	N/A	N/A
Net Income	$53,828	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL WINKOWITSCH	Director	1.00	Director	$0	$0	$0
BARB BROCKSHUS	Director	1.00	Director	$0	$0	$0
PATTI GRIFFITHS	President	30.00	Officer	$0	$0	$0
DAVID BUTTERWORTH	Secretary	2.00	Officer	$0	$0	$0
LORA LYN CRESWELL	Treasurer	1.00	Officer	$0	$0	$0
SHARON LECLAIR	Vice President	1.00	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	$200,612	$146,784	$64,721	$53,828

NEXT LIFE FOUNDATION