NXTHVN INC (EIN 830601747) - 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

BENNET H GRUTMAN

Phone

2038713287

Tax Period

2023-07-01 to 2024-06-30

NXTHVN INC, founded in 2018, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 81% operating deficit.

Mission

DEVELOPMENT OF A SUSTAINABLE ART COMMUNITY IN NEW HAVEN, CONNECTICUT.

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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 $2,224,723

Program Service Revenue $88,559

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,313,282

Expense Breakdown

Grants Paid $362,215

Salaries & Benefits $822,684

Fundraising Expenses $283,053

Program Expenses $3,203,938

Other Expenses $3,004,250

TOTAL EXPENSES $4,189,149

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,313,282	$5,786,629	-0.6%
Expenses	$4,189,149	$3,964,726	+0.1%
Net Income	$-1,875,867	$1,821,903	-2.0%

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

$128,362

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TITUS KAPHAR	PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON PRICE	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
PAMELA FRANKS	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA SHOR	DIRECTOR	1.00	Director	$0	$0	$0
BENNET H GRUTMAN	TREASURER	1.00	Officer Director	$0	$0	$0
ELLEN SUSMAN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE WOOD	PREVIOUS EXECUTIVE DIRECTOR	40.00	Officer	$122,500	$5,862	$128,362
KALIA BROOKS	DIRECTOR OF PROGRAMS AND E	40.00	Highest	$127,815	$13,707	$141,522
QUINTIN KNOX	DIRECTOR OF FACILITIES	40.00	Highest	$107,680	$8,816	$116,496

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	No data	No data	No data	No data
2024	$2,313,282	$4,189,149	$20,874,509	$-1,875,867
2023	$5,786,629	$3,964,726	$21,731,832	$1,821,903
2022	$2,898,729	$2,408,198	$18,606,468	$490,531
2021	$3,765,702	$1,452,357	$5,140,622	$2,313,345
2021	$3,738,100	$1,731,614	$17,933,474	$2,006,486
2018	$218,307	$61,972	$346,812	$156,335

NXTHVN INC