NEXT GEN USA LEADERSHIP FOUNDATION… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

RICHARD PORTOGALLO

Phone

4842523779

Tax Period

2017-09-01 to 2018-08-31

NEXT GEN USA LEADERSHIP FOUNDATION INC ATTN ERIC PRUSAN, founded in 2017, is a small nonprofit that reported $421K in total revenue in fiscal year 2017. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $552K exceeded revenue, resulting in a 31% operating deficit.

Mission

IT IS THE MISSION OF THE ORGANIZATION TO PROVIDE RESOURCES AND SCHOLARSHIPS FOR STUDENTS AND PARTICIPANTS THAT FACE FINANCIAL HARDSHIP.

Program Service Accomplishments

Program 1

Expenses: $519,313 Revenue: $377,697

TO PROVIDE RESOURCES AND SCHOLARSHIPS FOR STUDENTS AND PARTICIPANTS THAT FACE FINANCIAL HARDSHIP.

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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 (2017)

Revenue Breakdown

Contributions & Grants $28,145

Program Service Revenue $377,697

Investment Income $0

Other Revenue $14,963

TOTAL REVENUE $420,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,300

Fundraising Expenses $27,294

Program Expenses $519,313

Other Expenses $323,756

TOTAL EXPENSES $552,056

Year-over-Year Comparison

	2017	2016	Change
Revenue	$420,805	$316,516	+0.3%
Expenses	$552,056	$340,137	+0.6%
Net Income	$-131,251	$-23,621	+4.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD PORTOGALLO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL NEWMAN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT DEMMETT	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC PRUSAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFREY BOOKMAN	GENERAL DIRECTOR	1.00	Officer Director	$0	$0	$0
NORIEN HUTCHINSON	GENERAL DIRECTOR	1.00	Officer Director	$0	$0	$0
ANTONY WILLIAMS	GENERAL DIRECTOR	1.00	Officer Director	$0	$0	$0
DOUGLAS HOMER	CHIEF ADVANCEMENT OFFICER	1.00	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
2018	$420,805	$552,056	$41,794	$-131,251
2017	$316,516	$340,137	$94,008	$-23,621

NEXT GEN USA LEADERSHIP FOUNDATION INC ATTN ERIC PRUSAN