NEXT GENERATION ACADEMY-SALISBURY (EIN 863993122) - 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

2020

Legal Domicile

Principal Officer

ROMAR MORRIS

Phone

7046385822

Tax Period

2024-09-01 to 2025-08-31

NEXT GENERATION ACADEMY-SALISBURY, founded in 2020, is a small nonprofit in the Youth Development sector that reported $399K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $360K left a modest 10% surplus.

Mission

TO PROVIDE ACADEMIC & ATHLETIC ACTIVITIES TO ROWAN COUNTY STUDENTS. TO PROMOTE STRONG LEADERSHIP AND A LIFESTYLE OF FAITH AN WELLNESS

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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 (2024)

Revenue Breakdown

Contributions & Grants $399,439

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $399,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,969

Fundraising Expenses $0

Program Expenses $352,703

Other Expenses $178,582

TOTAL EXPENSES $359,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,439	$335,315	+0.2%
Expenses	$359,551	$276,470	+0.3%
Net Income	$39,888	$58,845	-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

Volunteers

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

$53,942

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROMAR MORRIS	EXCUTIVE DIRECTOR	40.00	Key Emp	$53,942	$0	$53,942
SHANNON MCCOY	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER DERRICK	DIRECTOR	2.00	Director	$0	$0	$0
GEMALE BLACK	DIRECTOR	2.00	Director	$0	$0	$0
GWEN CARTER BARR	DIRECTOR	2.00	Director	$0	$0	$0
NICK MEANS	DIRECTOR	2.00	Director	$0	$0	$0
SHARI GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
SYMONE KNOW	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY BATES	DIRECTOR	2.00	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
2025	$399,439	$359,551	$136,116	$39,888
2024	$335,315	$276,470	$116,834	$58,845

NEXT GENERATION ACADEMY-SALISBURY