NEXT GENERATION MINISTRIES (EIN 472438831) - 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

2014

Legal Domicile

Principal Officer

LESLEY RUSSELL

Phone

9496800468

Tax Period

2022-01-01 to 2022-12-31

NEXT GENERATION MINISTRIES, founded in 2014, is a small nonprofit in the Education sector that reported $619K in total revenue in fiscal year 2022.

Mission

Independent Learning Academy is a school ministry to the homeschooling community. We are a part of Next Generation Ministries which is a non-profit organization that was created to raise up and equip the next generation to fulfill all of their God-given purposes. We function as a Private Satellite Program (PSP) that allows both charter, non-charter, and other PSP programs to take classes at our two day a week homeschooling campus. Enrollment into our own PSP is a separate application and has a separate application fee than the one on this website. Registering on this website and paying the $120 fee is for our classes only. It does not enroll you in our PSP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,147

Program Service Revenue $601,321

Investment Income $8

Other Revenue $0

TOTAL REVENUE $619,476

Expense Breakdown

Grants Paid $118,312

Salaries & Benefits $64,341

Fundraising Expenses $38,720

Program Expenses $537,688

Other Expenses $442,154

TOTAL EXPENSES $624,807

Year-over-Year Comparison

	2022	2021	Change
Revenue	$619,476	$620,898	0.0%
Expenses	$624,807	$652,653	0.0%
Net Income	$-5,331	$-31,755	-0.8%

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
LESLEY RUSSELL	President	25.00	Officer	$0	$0	$0
JOE RUSSELL	Secretary	20.00	Officer	$0	$0	$0
CARL HEFT	Director	7.00	Officer	$0	$0	$0
CAT KEENA	Director	7.00	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
2022	$619,476	$624,807	$118,550	$-5,331
2021	$620,898	$652,653	$123,881	$-31,755
2020	$429,731	$396,609	$162,034	$33,122
2019	$347,642	$282,544	$128,912	$65,098
2018	$231,549	$209,060	$59,613	$22,489

NEXT GENERATION MINISTRIES