Next Step Incorporated (EIN 742179490) - 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

Principal Officer

Amanda Elmore

Tax Period

2023-01-01 to 2023-12-31

Next Step Incorporated is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $1.1M left a modest 7% surplus.

Mission

To enhance lives in vulnerable communities through technology and skills development

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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 $0

Program Service Revenue $1,192,218

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,192,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $346,648

Fundraising Expenses $0

Program Expenses $1,103,884

Other Expenses $719,427

TOTAL EXPENSES $1,104,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,192,218	$1,486,462	-0.2%
Expenses	$1,104,485	$956,220	+0.2%
Net Income	$87,733	$530,242	-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

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

$42,000

Total Directors

$149,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bennie Elmore	Executive Dire	20	Officer	$0	$0	$24,000
Miranda Elmore	Treasurer BM	20	Officer	$0	$0	$18,000
Andrea Elmore	Director	40	Director	$48,000	$0	$48,000
Amanda Elmore	Director	40	Director	$51,600	$0	$51,600
Lakisha Bates	Director	40	Director	$50,000	$0	$50,000

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	$1,192,218	$1,104,485	$714,622	$87,733
2022	$1,486,462	$956,220	$1,484,728	$530,242
2021	$1,748,949	$1,768,724	$1,748,949	$-19,775
2020	$630,525	$548,564	$630,525	$81,961
2019	$504,504	$175,469	$504,504	$329,035

Next Step Incorporated