NXTGEN ILLINOIS

EIN: 843560064 Public & Societal Benefit

Inverness, IL

Total Revenue
$3,918
Total Expenses
$9,441
Total Assets
$8,953
Net Assets
$-112,401
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IL
Phone
2245781501
Tax Period
2021-01-01 to 2021-12-31

NXTGEN ILLINOIS, founded in 2019, is a micro nonprofit in the Public & Societal Benefit sector that reported $4K in total revenue in fiscal year 2021. Revenue surged 3818% from the prior year, signaling strong growth momentum. Expenses of $9K exceeded revenue, resulting in a 141% operating deficit.

Mission

The fundamental mission of NXTGEN Illinois is to advance future leaders who espouse free market economic principles to finally bring about a return to properity in the land of lincoln.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $420
Program Service Revenue $3,498
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,285
Other Expenses $9,441
TOTAL EXPENSES $9,441

Year-over-Year Comparison

2021 2020 Change
Revenue $3,918 $100 +38.2%
Expenses $9,441 $77,040 -0.9%
Net Income $-5,523 $-76,940 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
3
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Collin Corbett President 0.00
Director
$0 $0 $0
Michael Koolidge Director 0.00
Director
$0 $0 $0
Lauren Fleming Director 0.00
Director
$0 $0 $0
Laura Kotelman Director 0.00
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
2021 $3,918 $9,441 $8,953 $-5,523
2020 $100 $77,040 $5,185 $-76,940
2019 $7,988 $37,926 $6,350 $-29,938
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NXTGEN ILLINOIS with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.