NEXT GENERATION MINISTRIES INC (EIN 721314271) - 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

1993

Legal Domicile

Principal Officer

CYNTHIA SELLERS

Phone

5048850980

Tax Period

2024-01-01 to 2024-12-31

NEXT GENERATION MINISTRIES INC, founded in 1993, is a small nonprofit in the Youth Development sector that reported $284K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $371K exceeded revenue, resulting in a 31% operating deficit.

Mission

PROMOTING RELIGIOUS EDUCATON

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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 $181,040

Program Service Revenue $0

Investment Income $8

Other Revenue $102,493

TOTAL REVENUE $283,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,440

Fundraising Expenses $91,443

Program Expenses $198,663

Other Expenses $146,998

TOTAL EXPENSES $371,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$283,541	$339,967	-0.2%
Expenses	$371,438	$348,344	+0.1%
Net Income	$-87,897	$-8,377	+9.5%

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

120

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

$60,360

Total Directors

$60,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY BORGSTEDE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID MAHONEY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ED WHITE	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP NICAUD	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA SELLERS	CEO, DIRECTOR	40.00	Officer Director	$60,360	$0	$60,360

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	$283,541	$371,438	$114,449	$-87,897
2023	$339,967	$348,344	$205,074	$-8,377
2022	$460,310	$403,867	$203,893	$56,443
2021	$454,884	$336,348	$147,293	$118,536
2020	$318,471	$361,727	$85,507	$-43,256
2019	$440,131	$410,070	$61,861	$30,061
2018	$430,496	$459,412	$31,039	$-28,916

NEXT GENERATION MINISTRIES INC