I AM NEXT INC

EIN: 832736099 501(c)(3) Philanthropy & Grantmaking

NASHVILLE, TN

Total Revenue
$951,582
Total Expenses
$1,536,668
Total Assets
$9,014,928
Net Assets
$8,420,928
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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
2019
Legal Domicile
TN
Principal Officer
ERIC DAVIS
Phone
6157263603
Tax Period
2024-01-01 to 2024-12-31

I AM NEXT INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $952K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 61% operating deficit.

Mission

TO SUPPORT AT-RISK AND UNDERSERVED POPULATIONS IN ORDER TO STRENGTHEN FAMILIES AND COMMUNITIES

Program Service Accomplishments

Program 1
Expenses: $1,009,076

I AM NEXT IS DEDICATED TO LEVELING THE PLAYING FIELD FOR YOUNG ADULTS TRANSITIONING FROM FOSTER CARE INTO SUCCESSFUL ADULTHOOD. OUR MISSION: TO EMPOWER YOUNG ADULTS AGING OUT OF THE FOSTER CARE...

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I AM NEXT IS DEDICATED TO LEVELING THE PLAYING FIELD FOR YOUNG ADULTS TRANSITIONING FROM FOSTER CARE INTO SUCCESSFUL ADULTHOOD. OUR MISSION: TO EMPOWER YOUNG ADULTS AGING OUT OF THE FOSTER CARE SYSTEM WITH THE RESOURCES THEY NEED TO ACHIEVE SUSTAINABLE INDEPENDENCE. OUR BELIEF IS THAT WITH THE RIGHT RESOURCES, THE FREEDOM TO LEARN, THE ROOM TO MAKE MISTAKES, AND THE TIME TO GROW, YOUTH AGING OUT OF FOSTER CARE CAN ACHIEVE SUSTAINABLE INDEPENDENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $606,382
Program Service Revenue $0
Investment Income $177,597
Other Revenue $167,603
TOTAL REVENUE $951,582

Expense Breakdown

Grants Paid $0
Salaries & Benefits $496,017
Fundraising Expenses $117,056
Program Expenses $1,009,076
Other Expenses $1,040,651
TOTAL EXPENSES $1,536,668

Year-over-Year Comparison

2024 2023 Change
Revenue $951,582 $709,815 +0.3%
Expenses $1,536,668 $1,090,459 +0.4%
Net Income $-585,086 $-380,644 +0.5%
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
11
Independent Members
8
Employees
12
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
6
$17,683
Total Directors
10
$17,683
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK JUST PRESIDENT 3.00
Officer Director
$0 $0 $0
PAGE WALLEY CHAIRMAN 1.00
Officer Director
$17,683 $0 $17,683
ERIC STRICKLAND PAST PRESIDE 1.00
Officer Director
$0 $0 $0
TRISHA GALBREATH TREASURER 1.00
Officer Director
$0 $0 $0
GWEN ADKISSON SECRETARY 1.00
Officer Director
$0 $0 $0
BILL CAMPBELL MEMBER 1.00
Director
$0 $0 $0
MISSY MARSHALL MEMBER 1.00
Director
$0 $0 $0
SHARON GENTRY MEMBER 1.00
Director
$0 $0 $0
BRIAN DROBNICK MEMBER 1.00
Director
$0 $0 $0
CHARLOTTE FREE MEMBER 1.00
Director
$0 $0 $0
ERIC DAVIS EXECUTIVE DI N/A
Officer
$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
2024 $951,582 $1,536,668 $9,014,928 $-585,086
2023 $709,815 $1,090,459 $9,607,909 $-380,644
2022 $639,240 $882,522 $9,727,752 $-243,282
2021 $5,624,006 $501,278 $10,012,887 $5,122,728
2020 $313,780 $83,783 $299,501 $229,997
2020 $4,635,212 $83,785 $4,620,933 $4,551,427
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