FIRST NV

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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

2005

Legal Domicile

Principal Officer

STACEY DUFFY CHERRIER

Phone

7028883673

Tax Period

2024-07-01 to 2025-06-30

FIRST NV, founded in 2005, is a small nonprofit in the Youth Development sector that reported $856K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

DEVELOPMENT OF PROGRAMS AND COMMUNITY FUNDS TO ENSURE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATIC OPPORTUNITIES FOR NEVADA STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $994,868 Revenue: $37,898

PRODUCTION AND DEVELOPMENT OF STATEWIDE EDUCATIONAL PROGRAMS, COMMUNITY FUNDS, AND TOURNAMENTS TO PROMOTE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS OPPORTUNITIES FOR NEVADA STUDENTS.

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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 $787,276

Program Service Revenue $37,898

Investment Income $30,914

Other Revenue $0

TOTAL REVENUE $856,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,000

Fundraising Expenses $21,998

Program Expenses $994,868

Other Expenses $1,049,433

TOTAL EXPENSES $1,157,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$856,088	$1,662,473	-0.5%
Expenses	$1,157,433	$1,626,372	-0.3%
Net Income	$-301,345	$36,101	-9.3%

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

N/A

Volunteers

1239

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

$106,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA QUICK	ED/REGIONAL	40.00	Officer	$106,000	$0	$106,000
JEAN HOPPERT	PRESIDENT	11.50	Officer Director	$0	$0	$0
PAUL DIXON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STACEY DUFFY CHERRIER	TREASURER	3.40	Officer Director	$0	$0	$0
DEE FREWERT	SECRETARY	0.50	Officer Director	$0	$0	$0
KIM WOMACK	DIRECTOR	0.50	Director	$0	$0	$0
CALUM PEARSON	DIRECTOR	0.50	Director	$0	$0	$0
GARRETT HARENC	DIRECTOR	0.50	Director	$0	$0	$0
BEN NGUYEN	DIRECTOR	0.50	Director	$0	$0	$0
MATT KNOP	DIRECTOR	0.50	Director	$0	$0	$0
ALISE PORTO	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA RODRIGUEZ	DIRECTOR	0.50	Director	$0	$0	$0
TRICIA DUTCHER	DIRECTOR	0.50	Director	$0	$0	$0
STEVE PHILPOTT	DIRECTOR	0.50	Director	$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
2025	$856,088	$1,157,433	$1,996,144	$-301,345
2024	$1,662,473	$1,626,372	$2,360,761	$36,101
2023	$3,858,694	$2,103,963	$2,264,374	$1,754,731
2022	$1,851,070	$1,982,418	$603,002	$-131,348
2021	$615,714	$430,870	$643,907	$184,844
2020	$982,432	$680,221	$449,461	$302,211
2019	$792,513	$717,365	$147,958	$75,148
2018	$395,608	$362,681	$72,554	$32,927