THE NEXT STEP FOUNDATION (EIN 873076934) - 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

Principal Officer

CHRISTOPHER HARRISON

Phone

5127710520

Tax Period

2023-01-01 to 2023-12-31

THE NEXT STEP FOUNDATION, founded in 2021, is a small nonprofit in the Employment sector that reported $871K in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum.

Mission

ENHANCING ECONOMIC INCLUSION IN AFRICA THROUGH THE CREATION OF DIGITAL JOBS FOR PEOPLE FROM DISADVANTAGED COMMUNITIES, PREDOMINANTLY WOMEN, THE CHRONICALLY UNEMPLOYED AND PERSONS WITH DISABILITIES.

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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 $871,063

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $871,063

Expense Breakdown

Grants Paid $467,862

Salaries & Benefits $344,917

Fundraising Expenses $78,882

Program Expenses $716,497

Other Expenses $35,116

TOTAL EXPENSES $847,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$871,063	$489,780	+0.8%
Expenses	$847,895	$495,554	+0.7%
Net Income	$23,168	$-5,774	-5.0%

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

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

$210,913

Total Directors

$210,913

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER HARRISON	EXECUTIVE CH	40.00	Officer Director	$200,000	$10,913	$210,913
CHARLES SCOTT HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH L HARRISON	SECRETARY/DI	1.00	Officer Director	$0	$0	$0
PERES WERE	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$871,063	$847,895	$30,226	$23,168
2022	$489,780	$495,554	$2,426	$-5,774

THE NEXT STEP FOUNDATION