NEXT STEP ELC (EIN 881335728) - 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

2022

Legal Domicile

Principal Officer

JOSEPH FROGGE

Phone

5098691353

Tax Period

2023-07-01 to 2024-06-30

NEXT STEP ELC, founded in 2022, is a small nonprofit in the Education sector that reported $265K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

AT NEXT STEP ELC WE PROVIDE A LOVING, CHRIST-CENTERED ENVIRONMENT WHERE WE FOCUS ON THE SOCIAL, COGNITIVE, CREATIVE AND PHYSICAL DEVELOPMENT OF EACH CHILD. OUR DESIRE IS TO NURTURE INDEPENDENT THINKERS WITH A CURIOSITY OF LEARNING IN PREPARATION FOR SUCCESS IN KINDERGARTEN AND BEYOND.

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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 $0

Program Service Revenue $264,898

Investment Income $0

Other Revenue $0

TOTAL REVENUE $264,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,616

Fundraising Expenses $345

Program Expenses $258,335

Other Expenses $62,222

TOTAL EXPENSES $271,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,898	$357,502	-0.3%
Expenses	$271,838	$275,083	0.0%
Net Income	$-6,940	$82,419	-1.1%

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

$48,738

Total Directors

$48,738

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA FROGGE	TREASURER	40.00	Officer Director	$48,738	$0	$48,738
JOSEPH FROGGE	PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHELLE LILJENBERG	SECRETARY	4.00	Officer Director	$0	$0	$0
MISTY MOORE	BOARD MEMBER	2.00	Director	$0	$0	$0
TERESA SAUTHER	BOARD MEMBER	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	No data	No data	No data	No data
2024	$264,898	$271,838	$80,920	$-6,940
2023	$357,502	$275,083	$86,212	$82,419

NEXT STEP ELC