Nxt Inc
Nonprofit profile at a glance
- EIN
- 261317867
- IRS 990-EZ coverage
- 2012–2012
- Forms available
- Form 990-EZ 2012
- Location
- Spartanburg, SC, USA
- Phone
- 8648499698
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- General Science
Reported finances
- Revenue
- $83,936
- Expenses
- $514,892
- Assets
- $237,027
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
10 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and support the exchange of information and resources within the scientific, research, and medical communities to achieve advances in the field of healthcare.
What it reported doing in 2012
Nxt's first project focuses on improving the overall performance of a new hospital patient room design as measured through workplace effectiveness, safety, satisfaction, and usability for all end users. The hospital of the future program is a platform for developing new ideas and products in healthcare where innovation is tested to its fullest degree. It is the convergence of experts within different fields from universities, industry, and healthcare institutions.the program was established and funded by the department of defense in june 2007 to serve as a national test bed to demonstrate and evaluate innovative technologies to develop the next standard in hospital care. A major priority within this venture was to establish interoperability regarding electronic health records between the department of defense and civilian agencies, including civilian hospital and first responders. Working with several technology partners, the research team demonstrated that information can be passed securely between military and civilian healthcare providers.another major priority within this proposal was to design, construct, and evaluate a patient room of the future prototype. This was a collaborative service-learning reserach project between spartanburg regional healthcare system and an interdisciplinary team of faculty and students from clemson university and carleton university. The project expanded on work conducted at clemson university that involved the design and full-scale mock-up of a patient room prototype. This mock-up patient room of the future was also evaluated under simulated use conditions and modified to create an alpha version of the room that was constructed in the nxt/clemson research lab on the campus of village at pelham hospital in greer, South Carolina. Further operational research and testing was conducted on the alpha version by faculty, students, and staff at both clemson university and the research lab.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 9
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.8%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -513.4%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 98.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $509K in reported program spending
- Leadership: top reported pay $72K · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.