NEXT EDGE ARTS INC

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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.

Program Service Accomplishments

Program 1

Expenses: $170,204 Revenue: $9,620

ADVANCING THE DEVELOPMENT OF CONTEMPORARY MUSIC AND OTHER FORMS OF ARTISTIC EXPRESSION THROUGH PERFORMANCE, AUDIENCE ENGAGEMENT AND NURTURING EMERGING ARTISTS. MANY INDIVIDUALS BENEFITED FROM OUR...

ADVANCING THE DEVELOPMENT OF CONTEMPORARY MUSIC AND OTHER FORMS OF ARTISTIC EXPRESSION THROUGH PERFORMANCE, AUDIENCE ENGAGEMENT AND NURTURING EMERGING ARTISTS. MANY INDIVIDUALS BENEFITED FROM OUR PROGRAMS. - OUR 2023 AUDIENCES WERE 770. - OUR FACEBOOK REACH WAS 195,500 THOUSAND, AN INCREASE OF 185% COMPARED TO 2022. - OUR FACEBOOK VISITS WERE 91,200 THOUSAND, AN INCREASE OF 91.2% - OUR 2023 INSTAGRAM REACH WAS 64,300, AN INCREASE OF 92.6%. - OUR 2023 INSTAGRAM VISITS WERE 8,500, AN INCREASE OF 92.3%. - OUR 2023 YOUTUBE VIEWS WERE 17,200, AN INCREASE OF 78%. - OUR 2023 YOUTUBE SUBSCRIBERS WAS 73, AN INCREASE OF 121%.

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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