The Next Chapter 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

2020

Legal Domicile

Principal Officer

Josephine Burton

Phone

7203977236

Tax Period

2025-01-01 to 2025-12-31

The Next Chapter Inc, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $351K in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. Expenses of $299K left a modest 15% surplus.

Mission

The Next Chapter provides assistance to those coming out of incarcertaion and helping individuals build life skills that will advance their ability to grow and succeed.

Program Service Accomplishments

Program 1

The Next Chapter has been organized to provide charitable support for those in need. Specifically, the organization provides support and assistance in order to improve valuable life skills while also providing benevolent distributions for men and women who have been released or are soon to be released from prison.

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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 (2025)

Revenue Breakdown

Contributions & Grants $225,882

Program Service Revenue $0

Investment Income $0

Other Revenue $125,412

TOTAL REVENUE $351,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $299,431

TOTAL EXPENSES $299,431

Year-over-Year Comparison

	2025	2024	Change
Revenue	$351,294	$396,464	-0.1%
Expenses	$299,431	$356,904	-0.2%
Net Income	$51,863	$39,560	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Josephine Burton	President	20.00	Officer	$0	$0	$0
Marquell Burton	Treasurer	20.00	Officer	$0	$0	$0
James Harris	vice president	20.00	Officer	$0	$0	$0
Jaquailla Burton	Secretary	0.00	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
2025	$351,294	$299,431	$40,305	$51,863
2024	$396,464	$356,904	$99,320	$39,560
2023	$211,930	$157,956	$57,539	$53,974