NEXT GENERATION ACADEMY INC

EIN: 830908825 501(c)(3)

SPRINGFIELD, OH

Total Revenue
$219,564
Total Expenses
$227,096
Total Assets
N/A
Net Assets
N/A
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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
OH
Principal Officer
RONALD M LOGAN
Phone
9373283308
Tax Period
2022-01-01 to 2022-12-31

NEXT GENERATION ACADEMY INC, founded in 2018, is a small nonprofit that reported $220K in total revenue in fiscal year 2022. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

TO BE A COMMUNITY DEVELOPMENT CENTER SERVING THE LOCAL COMMUNITY ENGAGING IN A RANGE OF ACTIVITIES TO PROMOTE COMMUNITY HEALTH, EDUCATION AND DEVELOPMENT, ESTABLISH & MAINTAIN A CHILD DAYCARE/CENTER

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $86,016
Investment Income $0
Other Revenue $133,548
TOTAL REVENUE $219,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,274
Fundraising Expenses $0
Program Expenses $166,788
Other Expenses $94,822
TOTAL EXPENSES $227,096

Year-over-Year Comparison

2022 2021 Change
Revenue $219,564 $151,187 +0.5%
Expenses $227,096 $146,074 +0.6%
Net Income $-7,532 $5,113 -2.5%
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
5
Independent Members
5
Employees
10
Volunteers
3

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
2
$21,850
Total Directors
0
$0
Key Employees
3
$80,624
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD M LOGAN PRESIDENT 20.00
Officer
$0 $0 $0
MONICA L LOGAN V. PRESIDENT/ADMINISTRATOR 40.00
Key Emp
$34,100 $0 $34,100
PAIGE FREEHAUT TEACHER 40.00
Key Emp
$21,754 $0 $21,754
NILES SAVERY TEACHER 40.00
Key Emp
$24,770 $0 $24,770
SHARON EVANS SECRETARY/TREASURER 40.00
Officer
$21,850 $0 $21,850
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
2022 $219,564 $227,096 No data $-7,532
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