NXTUS 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

2015

Legal Domicile

Principal Officer

MARY BETH JARVIS

Phone

3165594010

Tax Period

2023-01-01 to 2023-12-31

NXTUS INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $973K in total revenue in fiscal year 2023. The organization ran a surplus of $152K, a strong 16% operating margin.

Mission

NXTUS' MISSION IS TO BE THE CENTER-OF-GRAVITY TO ACCELERATE THE WICHITA ENTREPRENEURIAL ECOSYSTEM BY HAVING SEASONED ENTREPRENEURS INSPIRE, MENTOR, AND INVEST IN THE NEXT GENERATION OF ENTREPRENEURS.

Program Service Accomplishments

Program 1

Expenses: $576,679 Revenue: $102,349

IMPLEMENTATION OF THE NXTUS ACCELERATOR INCLUDING THE COMMUNITY HEALTH AND VIBRANCY COHORT, CUSTOMER TRACTION COHORT, FINTECH PILOT COMPETITION, AND THE ENTERPRISE ENGAGEMENT SERIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $850,947

Program Service Revenue $97,050

Investment Income $4,451

Other Revenue $20,299

TOTAL REVENUE $972,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,842

Fundraising Expenses $40,691

Program Expenses $576,679

Other Expenses $458,985

TOTAL EXPENSES $820,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$972,747	$924,507	+0.1%
Expenses	$820,827	$945,592	-0.1%
Net Income	$151,920	$-21,085	-8.2%

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

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

$139,598

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH OEDING	DIRECTOR	3.00	Director	$0	$0	$0
TRISH BRASTED	TREASURER	3.00	Officer Director	$0	$0	$0
LUIS RODRIGUEZ	SECRETARY	3.00	Officer Director	$0	$0	$0
GARY OBORNY	DIRECTOR	3.00	Director	$0	$0	$0
ABEL FREDERIC	DIRECTOR	3.00	Director	$0	$0	$0
ERIK PEDERSEN	CHAIRMAN	3.00	Officer Director	$0	$0	$0
JOHN MESSMAN	DIRECTOR	3.00	Director	$0	$0	$0
V KAYE MONK-MORGAN	DIRECTOR	3.00	Director	$0	$0	$0
TONYA WITHERSPOON	DIRECTOR	3.00	Director	$0	$0	$0
MARY BETH JARVIS	PRESIDENT/CEO	35.00	Officer	$118,292	$21,306	$139,598

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	$972,747	$820,827	$700,269	$151,920
2022	$924,507	$945,592	$591,599	$-21,085
2021	$738,136	$693,447	$650,434	$44,689
2020	$413,540	$514,744	$585,170	$-101,204
2018	$340,775	$313,304	$255,844	$27,471