NEXTSTEP FITNESS RALEIGH INC (EIN 824195962) - 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

2018

Legal Domicile

Principal Officer

Karen Thor

Phone

9196799405

Tax Period

2023-01-01 to 2023-12-31

NEXTSTEP FITNESS RALEIGH INC, founded in 2018, is a small nonprofit in the Health Care sector that reported $330K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $296K left a modest 10% surplus.

Mission

NextStep Raleigh is an affordable, state-of-art, community-based paralysis recovery and fitness center, offering an improved chance for recovery, independence and health through standardized activity-based therapy programs and research-based interventions.

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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 $53,958

Program Service Revenue $196,489

Investment Income $0

Other Revenue $79,727

TOTAL REVENUE $330,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,064

Fundraising Expenses $0

Program Expenses $0

Other Expenses $105,717

TOTAL EXPENSES $295,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,174	$242,783	+0.4%
Expenses	$295,781	$248,015	+0.2%
Net Income	$34,393	$-5,232	-7.6%

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
Tim Hopper	Board Member	1.00	Director	$0	$0	$0
Karen Thor	Chairman of the Board	10.00	Officer Director Key Emp	$0	$0	$0
Sasha Rabchevsky	Secretary, Board Member	1.00	Director	$0	$0	$0
Margie Hennessee	Board Member	1.00	Director	$0	$0	$0
Alan Sussman	Board Member	1.00	Director	$0	$0	$0
Sam Hicks	Executor Director	40.00	Officer Director Key Emp	$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
2024	No data	No data	No data	No data
2023	$330,174	$295,781	$165,918	$34,393
2022	$242,783	$248,015	$144,192	$-5,232
2022	$242,783	$157,975	$144,192	$84,808
2021	$263,298	$231,233	$165,787	$32,065
2020	$242,958	$188,722	$159,381	$54,236

NEXTSTEP FITNESS RALEIGH INC