Next Step Storm Inc
Next Step Storm Inc consistently operates with minimal overhead and no officer compensation, deploying nearly all revenue to expenses.
EIN: 10601182 · Leo, IN · NTEE: S50 · Updated: 2026-03-28
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Identity resolved verified
Next Step Storm Inc is mapped to EIN 10601182.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $300K |
| Total Expenses | $185K |
| Program Spending | 90% |
| Net Assets | $90K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Next Step Storm Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Next Step Storm Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Next Step Storm Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $190K and expenses of $185K.
Revenue and Expenses
Next Step Storm Inc reported $190K in revenue and $185K in expenses, a surplus of $5K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Next Step Storm Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $167K (90%) |
Across stored filings, Next Step Storm Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Sigma Kappa Sorority | Indiana and Community Improvement context |
Trust Check
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Leo, IN nonprofitsCommunity Improvement in Indiana
Public Benefit in Indiana
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Next Best Actions
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Request a concise report for Next Step Storm Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Next Step Storm Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Next Step Storm Inc
Next Step Storm Inc (EIN: 10601182) is a nonprofit organization based in Leo, IN, classified under NTEE code S50. The organization reported total revenue of $300K and total assets of $124K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Next Step Storm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Next Step Storm Inc is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $190K |
| Total Expenses | $185K |
| Surplus / Deficit | +$5K |
| Total Assets | $98K |
| Total Liabilities | $9K |
| Net Assets | $90K |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 6.4 months |
Financial Health Grade: A
In 2023, Next Step Storm Inc reported a surplus of $5K with revenue exceeding expenses, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Next Step Storm Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.6% | +35.6% | +7.6% |
| 2022 | -21.7% | -21.0% | +19.2% |
| 2021 | +96.7% | +49.0% | +8.5% |
| 2020 | -23.2% | -12.0% | -16.7% |
| 2019 | -26.5% | -20.4% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Next Step Storm Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Next Step Storm Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.8%.
Executive Compensation Analysis
Next Step Storm Inc has reported 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly unusual for an organization of its size and suggests a volunteer-led or extremely lean leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Next Step Storm Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Next Step Storm Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Expenses consistently track revenues, suggesting funds are directly deployed into operations (e.g., 2023 revenue $189,575 vs. expenses $185,011).
- Low and often zero liabilities, demonstrating strong financial stability.
- Steady growth in assets from $12,182 in 2014 to $98,321 in 2023, indicating prudent financial management.
- Robust filing history with 12 filings, showing consistent compliance with IRS regulations.
Frequently Asked Questions about Next Step Storm Inc
Is Next Step Storm Inc a legitimate charity?
Next Step Storm Inc (EIN: 10601182) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $300K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Next Step Storm Inc spend its money?
Next Step Storm Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Next Step Storm Inc tax-deductible?
Next Step Storm Inc is registered as a tax-exempt nonprofit (EIN: 10601182). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Next Step Storm Inc's spending goes to programs?
Next Step Storm Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Next Step Storm Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Next Step Storm Inc is above average for NTEE category S50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Next Step Storm Inc located?
Next Step Storm Inc is headquartered in Leo, Indiana and files with the IRS under EIN 10601182. It is classified under NTEE code S50.
How many years of IRS 990 filings does Next Step Storm Inc have?
Next Step Storm Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $300K in total revenue.
Is Next Step Storm Inc a good charity?
Based on the available IRS 990 data, Next Step Storm Inc appears to be a financially responsible organization. It consistently spends nearly all its revenue on its mission, maintains low liabilities, and notably reports no officer compensation, suggesting a strong commitment to program delivery over administrative costs.
How does Next Step Storm Inc manage its finances?
The organization manages its finances by operating very leanly, with expenses closely matching revenues. For example, in 2023, revenues were $189,575 and expenses were $185,011. It has also steadily grown its assets from $12,182 in 2014 to $98,321 in 2023, while keeping liabilities consistently low.
What is the trend in Next Step Storm Inc's revenue and expenses?
Next Step Storm Inc's revenue and expenses have shown fluctuations but a general upward trend over the past decade. Revenue increased from $97,017 in 2014 to $189,575 in 2023, with expenses closely mirroring these figures, indicating consistent operational activity.
Filing History
IRS 990 filing history for Next Step Storm Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Next Step Storm Inc's revenue has grown by 150.7%, moving from $76K to $190K. Total assets increased by 349.9% over the same period, from $22K to $98K. Total functional expenses rose by 213.2%, from $59K to $185K. In its most recent filing year (2023), Next Step Storm Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $9K in liabilities against $98K in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $90K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $190K | $185K | $98K | $9K | — | — |
| 2022 | $145K | $136K | $91K | $7K | — | View 990 |
| 2021 | $185K | $173K | $77K | $940 | — | View 990 |
| 2020 | $94K | $116K | $71K | $8K | — | View 990 |
| 2019 | $123K | $132K | $85K | $0 | — | View 990 |
| 2018 | $167K | $165K | $94K | $0 | — | View 990 |
| 2017 | $177K | $141K | $94K | $0 | — | View 990 |
| 2016 | $91K | $70K | $72K | $686 | — | View 990 |
| 2014 | $97K | $99K | $12K | $0 | — | View 990 |
| 2013 | $114K | $108K | $14K | $0 | — | View 990 |
| 2012 | $96K | $110K | $8K | $0 | — | View 990 |
| 2011 | $76K | $59K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $190K, expenses of $185K, and assets of $98K (revenue +30.6% year-over-year).
- 2022: Revenue of $145K, expenses of $136K, and assets of $91K (revenue -21.7% year-over-year).
- 2021: Revenue of $185K, expenses of $173K, and assets of $77K (revenue +96.7% year-over-year).
- 2020: Revenue of $94K, expenses of $116K, and assets of $71K (revenue -23.2% year-over-year).
- 2019: Revenue of $123K, expenses of $132K, and assets of $85K (revenue -26.5% year-over-year).
- 2018: Revenue of $167K, expenses of $165K, and assets of $94K (revenue -5.9% year-over-year).
- 2017: Revenue of $177K, expenses of $141K, and assets of $94K (revenue +94.2% year-over-year).
- 2016: Revenue of $91K, expenses of $70K, and assets of $72K (revenue -5.8% year-over-year).
- 2014: Revenue of $97K, expenses of $99K, and assets of $12K (revenue -15.1% year-over-year).
- 2013: Revenue of $114K, expenses of $108K, and assets of $14K (revenue +18.7% year-over-year).
- 2012: Revenue of $96K, expenses of $110K, and assets of $8K (revenue +27.2% year-over-year).
- 2011: Revenue of $76K, expenses of $59K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Next Step Storm Inc:
Data Sources and Methodology
This transparency report for Next Step Storm Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.