NEXT TIER CONCEPTS INC HEALTH AND WELFARE TRUST

EIN: 816892072

VIENNA, VA

Total Revenue
$555,279
Total Expenses
$643,232
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
MARK CABREY
Phone
7032880010
Tax Period
2020-07-01 to 2020-12-31

NEXT TIER CONCEPTS INC HEALTH AND WELFARE TRUST, founded in 2016, is a small nonprofit that reported $555K in total revenue in fiscal year 2020. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $643K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE FUNDED HEALTH AND WELFARE BENEFITS TO PARTICIPANTS OF THE HEALTH AND WELFARE PLAN.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $555,279
Investment Income $0
Other Revenue $0
TOTAL REVENUE $555,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $615,723
Other Expenses $27,509
TOTAL EXPENSES $643,232

Year-over-Year Comparison

2020 2019 Change
Revenue $555,279 $8,349,918 -0.9%
Expenses $643,232 $8,286,219 -0.9%
Net Income $-87,953 $63,699 -2.4%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE BOLOS TRUSTEE 0.00
Director
$0 $0 $0
MARK CABREY TRUSTEE (AS OF 01/2020) 0.00
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
2020 $555,279 $643,232 No data $-87,953
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