NEXT CHAPTER FOUNDATION (EIN 831067193) - 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

1998

Legal Domicile

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

PROVIDE A SAFE AND SUPPORTIVE PLACE TO LIVE FOR PREGNANT WOMEN, SINGLE MOTHERS, AND THEIR CHILDREN WHO ARE EXPERIENCING HOMELESSNESS IN PIERCE COUNTY, WHILE HELPING THEM ADDRESS THEIR INDIVIDUAL BARRIERS TO HOUSING. PROVIDE EDUCATION, OPPORTUNITIES, AND TOOLS FOR WOMEN TO FIND PERMANENT HOUSING AND ACHIEVE SELF-SUFFICIENCY.

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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 $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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

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

NEXT CHAPTER FOUNDATION