NEXT EDGE ARTS INC (EIN 843535421) - 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

2019

Principal Officer

PETER ASKIM

Phone

8083935291

Tax Period

2023-01-01 to 2023-12-31

NEXT EDGE ARTS INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $277K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 24% operating margin.

Mission

ADVANCING THE DEVELOPMENT OF CONTEMPORARY CONCERT MUSIC AND OTHER FORMS OF ARTISTIC EXPRESSION THROUGH PERFORMANCE, AUDIENCE ENGAGEMENT AND NURTURING EMERGING ARTISTS.

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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 $266,903

Program Service Revenue $9,620

Investment Income $20

Other Revenue $789

TOTAL REVENUE $277,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,204

Other Expenses $211,473

TOTAL EXPENSES $211,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,332	$161,602	+0.7%
Expenses	$211,473	$161,499	+0.3%
Net Income	$65,859	$103	+638.4%

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

N/A

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

$10,250

Total Directors

$10,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ASKIM	ARTISTIC DIR	8.00	Officer Director	$10,250	$0	$10,250
ANN GRIGG	TREASURER	2.00	Officer Director	$0	$0	$0
LYDIA KONTOS	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
GUY STORY	PRESIDENT	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$277,332	$211,473	$216,772	$65,859

NEXT EDGE ARTS INC