NEXT HARM REDUCTION INC (EIN 831333112) - 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

2017

Legal Domicile

Principal Officer

JOANN GOMEZ

Phone

3412223584

Tax Period

2024-07-01 to 2025-06-30

NEXT HARM REDUCTION INC, founded in 2017, is a community nonprofit in the Mental Health sector that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MISSION OF NEXT IS TO REDUCE OPIOID OVERDOSE DEATH, PREVENT INJECTION- RELATED DISEASE TRANSMISSION, AND IMPROVE THE LIVES OF PEOPLE WHO USE DRUGS THROUGH AN ACCESSIBLE ONLINE AND MAIL-BASED HARM REDUCTION PLATFORM. OUR GOAL IS TO BRING HARM REDUCTION ONLINE. WE WANT TO ENSURE PEOPLE WHO USE DRUGS RECEIVE THE SUPPLIES, RESOURSES, EDUCATION AND SUPPORT THAT THEY WOULD IF THEY WALKED INTO AN IN-PERSON HARM REDUCTION PROGRAM. WE BELIEVE EVERYONE WHO USES DRUGS SHOULD HAVE THE RESOURCES AND ABILITY TO KEEP THEMSELVES SAFE AND AS HEALTHY AS POSSIBLE. THIS INCLUDES PHYSICAL AND EMOTIONAL HEALTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,206,868

Program Service Revenue $0

Investment Income $0

Other Revenue $15,912

TOTAL REVENUE $2,222,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,359,803

Fundraising Expenses $67,990

Program Expenses $2,411,672

Other Expenses $1,289,177

TOTAL EXPENSES $2,648,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,222,780	$3,134,823	-0.3%
Expenses	$2,648,980	$2,817,184	-0.1%
Net Income	$-426,200	$317,639	-2.3%

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

$2,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANN GOMEZ	INTERIM EXEC	40.00	Officer	$2,596	$0	$2,596
TALEED EL-SABAWI	MEMBER	1.00	Director	$0	$0	$0
TRACIE GARDNER	BOARD PRESID	1.00	Officer Director	$0	$0	$0
TRACEY HELTON MITCHEL	MEMBER	1.00	Director	$0	$0	$0
ANDREW REYNOLDS	SECRETARY	1.00	Officer 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	$2,222,780	$2,648,980	$1,675,428	$-426,200
2024	$3,375,867	$2,810,300	$1,692,009	$565,567
2024	$3,134,823	$2,817,184	$2,091,467	$317,639
2023	$2,017,354	$1,792,158	$1,264,461	$225,196
2022	$1,612,794	$1,263,538	$786,379	$349,256
2021	$661,568	$757,805	$381,341	$-96,237
2020	$556,644	$266,956	$414,601	$289,688

NEXT HARM REDUCTION INC