NEXTSTEP FITNESS RALEIGH INC

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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

SANDY BRIDGER

Phone

9196799405

Tax Period

2025-01-01 to 2025-12-31

NEXTSTEP FITNESS RALEIGH INC, founded in 2018, is a small nonprofit in the Health Care sector that reported $547K in total revenue in fiscal year 2025. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 18% operating margin.

Mission

NEXTSTEP RALEIGH IS AN AFFORDABLE, STATEOFART, COMMUNITYBASED PARALYSIS RECOVERY AND FITNESS CENTER, OFFERING AN IMPROVED CHANCEFOR RECOVERY, INDEPENDENCE AND HEALTH THROUGH STANDARDIZED ACTIVITYBASED THERAPY PROGRAMS AND RESEARCHBASED INTERVENTIONS.

Program Service Accomplishments

Program 1

Expenses: $318,075 Revenue: $262,141

GUIDED ACTIVITY-BASED THERAPY, INCLUDING NEUROMUSCULAR AND FUNCTIONAL ELECTRICAL STIMULATION, IS PROVIDED BY ONE OR MORE SPECIALIZED TRAINERS TO EACH CLIENT IN INDIVIDUALIZED SESSIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $219,382

Program Service Revenue $262,141

Investment Income $0

Other Revenue $65,302

TOTAL REVENUE $546,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,036

Fundraising Expenses $9,305

Program Expenses $318,075

Other Expenses $138,747

TOTAL EXPENSES $449,783

Year-over-Year Comparison

	2025	2024	Change
Revenue	$546,825	$307,699	+0.8%
Expenses	$449,783	$385,762	+0.2%
Net Income	$97,042	$-78,063	-2.2%

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

$96,987

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN THOR	BOARD MEMBER	10.00	Director	$0	$0	$0
JAN BROWDER	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM HOPPER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGIE HENNESSEE	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD SCHAFER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL BARON	BOARD MEMBER	1.00	Director	$0	$0	$0
SASHA RABCHEVSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM PASSE	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDY BRIDGER	EXECUTIVE DI	40.00	Officer	$96,987	$0	$96,987

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	$546,825	$449,783	$146,931	$97,042
2024	No data	No data	No data	No data
2023	$330,174	$295,781	$165,918	$34,393
2022	$242,783	$157,975	$144,192	$84,808
2022	$242,783	$248,015	$144,192	$-5,232
2021	$263,298	$231,233	$165,787	$32,065
2020	$242,958	$188,722	$159,381	$54,236