NEXTGEN CHAMBER OF COMMERCE FOUNDATION (EIN 824835903) - 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

ADAMA IWU

Phone

7023355835

Tax Period

2025-01-01 to 2025-12-31

NEXTGEN CHAMBER OF COMMERCE FOUNDATION, founded in 2018, is a small nonprofit that reported $303K in total revenue in fiscal year 2025. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $361K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE NEXTGEN CHAMBER OF COMMERCE FOUNDATION WORKS TO SHAPE THE ECONOMY OF THE FUTURE BY PROMOTING POLICY, INCLUSION, AND BUSINESS PRACTICE FOR A NEW GENERATION OF BUSINESS LEADERSHIP.

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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 $302,710

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $302,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,347

Fundraising Expenses $709

Program Expenses $279,040

Other Expenses $231,678

TOTAL EXPENSES $361,025

Year-over-Year Comparison

	2025	2024	Change
Revenue	$302,710	$224,869	+0.3%
Expenses	$361,025	$261,532	+0.4%
Net Income	$-58,315	$-36,663	+0.6%

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

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

$115,064

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GILBERT PONTES	EXECUTIVE DIRECTOR	5	Officer	$115,064	$0	$115,064
RHETT BUTTLE	FOUNDER AND TREASURER	5	Officer Director	$0	$0	$0
ADAMA IWU	CO-CHAIR	5	Officer Director	$0	$0	$0
ROY K LEE	CO-CHAIR	5	Officer Director	$0	$0	$0
ARAM NADJARIAN	BOARD MEMBER	5	Director	$0	$0	$0
CASEY OAKES	BOARD MEMBER	5	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	$302,710	$361,025	$98,068	$-58,315
2024	No data	No data	No data	No data
2023	$185,906	$265,850	$183,045	$-79,944
2022	$163,427	$529,723	$275,790	$-366,296
2021	$690,513	$719,824	$642,086	$-29,311
2020	$674,255	$27,880	$671,397	$646,375

NEXTGEN CHAMBER OF COMMERCE FOUNDATION