AI Transparency Report
Next Step Recovery Incorporated demonstrates a consistent operational presence with annual revenues generally ranging between $550,000 and $770,000 over the past decade. A notable concern is the organization's financial stability, as it has frequently operated with expenses exceeding revenue, leading to negative net assets in several recent periods. For instance, in 2023, expenses of $746,459 outstripped revenue of $680,078, and in 2022, expenses of $722,437 exceeded revenue of $659,619. This trend of deficit spending, coupled with liabilities significantly outweighing assets (e.g., $413,290 in liabilities vs. $22,470 in assets in 2023), suggests a precarious financial position. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, indicating adherence to reporting requirements. However, the lack of reported officer compensation across all available filings, while potentially indicating a volunteer-led executive team, could also raise questions about the full disclosure of all forms of compensation or benefits if such are provided in non-cash forms.