NEXT CHAPTER FOUNDATION

EIN: 831067193 501(c)(3) Housing & Shelter

TACOMA, WA

Total Revenue
$521,670
Total Expenses
$459,733
Total Assets
$2,622,268
Net Assets
$160,152
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
WA
Principal Officer
LAURA ETSCHEID
Phone
2533106290
Tax Period
2023-01-01 to 2023-12-31

NEXT CHAPTER FOUNDATION, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $522K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $460K left a modest 12% surplus.

Mission

NONE

Program Service Accomplishments

Program 1
Expenses: $266,905 Revenue: $521,670

WE ARE PLEASED TO REPORT THAT WE SERVED A RECORD 285 WOMEN AND THEIR CHILDREN IN 2023 WHO ARE EXPERIENCING HOMELESSNESS. THE CASES ARE MORE COMPLEX THAN EVER BEFORE THAT WE ARE SEEING WITH FENTANYL...

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WE ARE PLEASED TO REPORT THAT WE SERVED A RECORD 285 WOMEN AND THEIR CHILDREN IN 2023 WHO ARE EXPERIENCING HOMELESSNESS. THE CASES ARE MORE COMPLEX THAN EVER BEFORE THAT WE ARE SEEING WITH FENTANYL CAUSING HAVOC WITH FAMILIES WHILE RENTING COSTS HAVE EXPLODED. SOME WOMEN THAT COME TO US ARE FLEEING UNSAFE LIVING SITUATIONS BECAUSE OF THEIR PARTNERS; 85% ARE STRUGGLING WITH SOME KIND OF ADDICTION THEMSELVES AND MOST HAVE PENDING CASES WITH THE DEPARTMENT OF CHILDREN, YOUTH AND FAMILIES. COMPOUNDING THESE FACTORS ARE ESCALATING COSTS FOR BASIC NEEDS SUCH AS FOOD.

Program 2

WE ARE THRILLED TO REPORT THAT MONIQUE (MO) PATTERSON PARTICIPATED IN A 16-WEEK PROGRAM AT THE UNIVERSITY OF WASHINGTON TACOMA TO BECOME A TRAINER AND PROVIDER OF AN INTENSIVE PARENTING CLASS. SHE...

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WE ARE THRILLED TO REPORT THAT MONIQUE (MO) PATTERSON PARTICIPATED IN A 16-WEEK PROGRAM AT THE UNIVERSITY OF WASHINGTON TACOMA TO BECOME A TRAINER AND PROVIDER OF AN INTENSIVE PARENTING CLASS. SHE WILL BE ABLE TO OFFER THE PROGRAM TO NEXT CHAPTER MOTHERS (AFTER SHE COMPLETES AN ADDITIONAL TEN WEEKS OF INTENSIVE TRAINING). ALL MOTHERS WITH CHILDREN IN EITHER FOSTER CARE OR KINSHIP CARE ARE REQUIRED TO PARTICIPATE IN THIS PROGRAM. HOWEVER, THERE ARE NOT MANY PROVIDERS (AND NONE AT HOMELESS SHELTERS) OFFERING THIS RIGOROUS TRAINING. MO REPORTS THE TRAINING IS TARGETED TO MOTHERS OF CHILDREN 0 TO 3 YEARS OF AGE IN ORDER TO TEACH MOTHERS TO OBSERVE CUES IN VERY YOUNG CHILDREN THAT WILL HELP THE MOTHERS BETTER UNDERSTAND THEIR CHILDREN'S BEHAVIOR. THE TRAINING IS INTENDED TO TEACH AND SHOW MOTHERS HOW NOT TO GET OVERWHELMED; AND PROVIDES THEM WITH THE INSIGHTS TO PRAISE THEIR CHILDREN WHEN THEY DO WELL, AND COMFORT THEIR YOUNG ONES WHEN THEY NEED EMPATHY. NEXT CHAPTER'S PREFERENCE IS TO REUNITE MOTHERS WITH THEIR CHILDREN WHENEVER SAFE TO DO SO. ONCE MO (AND LATER, TIFFANY) IS TRAINED, THEY WILL RECEIVE A STIPEND OF $5,000 TO $8,000 WHICH WILL HELP SUPPORT NEXT CHAPTER'S WORK ALLOWING US A NEW REVENUE STREAM.

Program 3

WE ARE PROUD OF OUR PARTNERSHIP WITH THE INSTITUTE FOR BLACK JUSTICE (IBJ). TOGETHER, WE ARE HOSTING A LEGAL CLINIC SOMETIME THIS SPRING OR EARLY SUMMER FOR UP TO 200 WOMEN (THAT'S OUR CAP). THE...

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WE ARE PROUD OF OUR PARTNERSHIP WITH THE INSTITUTE FOR BLACK JUSTICE (IBJ). TOGETHER, WE ARE HOSTING A LEGAL CLINIC SOMETIME THIS SPRING OR EARLY SUMMER FOR UP TO 200 WOMEN (THAT'S OUR CAP). THE POINT OF THIS CLINIC IS TO OBTAIN FREE LEGAL SERVICES FOR OUR WOMEN WITH TICKETS, PENDING CHARGES, ISSUES OF PARENTING WITH THEIR CHILDREN AND TO HELP CLEAR UP THEIR CRIMINAL RECORDS WHICH ARE OFTEN BARRIERS TO SECURING EMPLOYMENT AND SAFE HOUSING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $518,420
Program Service Revenue $3,250
Investment Income $0
Other Revenue $0
TOTAL REVENUE $521,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $183,823
Fundraising Expenses $27,400
Program Expenses $266,905
Other Expenses $275,910
TOTAL EXPENSES $459,733

Year-over-Year Comparison

2023 2022 Change
Revenue $521,670 $349,718 +0.5%
Expenses $459,733 $315,749 +0.5%
Net Income $61,937 $33,969 +0.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
Employees
2
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN HEDRICK BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA ETSCHEID PRESIDENT 10.00
Officer Director
$0 $0 $0
MARK MELSNESS TREASURER 5.00
Officer Director
$0 $0 $0
AMY YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER ROBINSON SECRETARY 5.00
Officer Director
$0 $0 $0
JIM HENDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
NICK FEDRICI BOARD MEMBER 1.00
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
2023 $521,670 $459,733 $2,622,268 $61,937
2022 $349,718 $315,749 $98,215 $33,969
2021 $405,427 $339,559 $78,746 $65,868
2021 $390,927 $339,559 $78,746 $51,368
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