REED NEXT INC (EIN 814163174) - 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

2016

Legal Domicile

Principal Officer

CHANTELLE WALKER

Phone

2016509611

Tax Period

2023-07-01 to 2024-06-30

REED NEXT INC, founded in 2016, is a community nonprofit in the Human Services sector that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 4% surplus.

Mission

OUR MISSION IS TO SUPPORT AND IMPROVE THE LIVES OF INDIVIDUALS WITH AUTISM, TO LEARN, LIVE, WORK AND THRIVE IN THEIR COMMUNITIES.

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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 $1,012,474

Program Service Revenue $4,725,199

Investment Income $31,017

Other Revenue $4,183

TOTAL REVENUE $5,772,873

Expense Breakdown

Grants Paid $930,100

Salaries & Benefits $3,625,396

Fundraising Expenses $0

Program Expenses $4,410,837

Other Expenses $964,614

TOTAL EXPENSES $5,520,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,772,873	$5,059,929	+0.1%
Expenses	$5,520,110	$4,837,817	+0.1%
Net Income	$252,763	$222,112	+0.1%

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

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

$461,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANTELLE WALKER	EXECUTIVE DIR.	12.20	Officer	$0	$17,323	$250,473
MICHELE MANLEY	CFO	14.00	Officer	$0	$7,130	$211,130
KRISTINA IACOVINO	DIRECTOR	40.00		$115,242	$22,913	$138,155
DAVID WILSON	CHIEF CLINICAL OFF	40.00		$0	$5,689	$135,689
FRANCESCA SARANIERO	DIRECTOR	40.00		$116,166	$12,961	$129,127
BETH PICCIANO	TRUSTEE	0.25	Director	$0	$0	$0
SUSIE ARONS	Trustee	0.25	Director	$0	$0	$0
JILL NADISON	TRUSTEE	0.25	Director	$0	$0	$0
PAT CAPRA	Trustee	0.25	Director	$0	$0	$0
JOSEPH M FORGIONE	Trustee	0.25	Director	$0	$0	$0
JOHN KEY	Trustee	0.25	Director	$0	$0	$0
RICHARD KLINENBERG	Treasurer	0.25	Officer Director	$0	$0	$0
SCOTT MARSHALL	Chairman	0.25	Officer Director	$0	$0	$0
KEN NICHOLAS	Vice President	0.25	Officer Director	$0	$0	$0
TIM PERNETTI	Trustee	0.25	Director	$0	$0	$0
MARK SHANOCK	Secretary	0.25	Officer 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	No data	No data	No data	No data
2024	$5,772,873	$5,520,110	$2,950,282	$252,763
2023	$5,059,929	$4,837,817	$2,225,634	$222,112
2022	$4,377,678	$4,155,432	$2,907,469	$222,246
2021	$2,863,614	$3,850,546	$2,030,288	$-986,932
2020	$1,834,176	$1,736,475	$1,310,317	$97,701
2017	$506,290	$572,874	$15,441	$-66,584

REED NEXT INC