Next Door Ministries (EIN 871660455) - 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

2021

Legal Domicile

Phone

5599600376

Tax Period

2023-01-01 to 2023-12-31

Next Door Ministries, founded in 2021, is a small nonprofit in the Religion sector that reported $385K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $152K, a strong 39% operating margin.

Mission

The organization's purpose is to provide resources for men taking the next steps from recovery to a sustainable lifestyle. Our goal is to create a path to success for men struggling with a broken life pattern by providing a Christ-centered transitional living community and developing a blueprint for their redeemed lives that encourages positive steps for rectification in their careers, relationships, finances, and spiritual growth.

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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 $319,155

Program Service Revenue $65,452

Investment Income $0

Other Revenue $0

TOTAL REVENUE $384,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,908

Fundraising Expenses $14,505

Program Expenses $108,980

Other Expenses $168,581

TOTAL EXPENSES $232,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$384,607	$1,780,803	-0.8%
Expenses	$232,994	$142,173	+0.6%
Net Income	$151,613	$1,638,630	-0.9%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Nimon	President	0.25	Officer Director	$0	$0	$0
Richard Wathen	Treasurer	0.25	Officer Director	$0	$0	$0
Vikki Luna	Board Member	0.25	Director	$0	$0	$0
Zack Follett	Board Member	0.25	Director	$0	$0	$0
Oscar Rodriguez	Board Member	0.25	Director	$0	$0	$0
Van Noble	Board Member	0.25	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
2024	No data	No data	No data	No data
2023	$384,607	$232,994	$1,810,546	$151,613
2022	$1,780,803	$142,173	$1,658,933	$1,638,630

Next Door Ministries