Northern Nebraska Area Health Education Center (EIN 223867376) - 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

2002

Legal Domicile

Principal Officer

Gretchen Forsell

Phone

4026447253

Tax Period

2023-09-01 to 2024-08-31

Northern Nebraska Area Health Education Center, founded in 2002, is a small nonprofit in the Health Care sector that reported $123K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

Promote, recruit and retain health care professionals through partnerships among healthcare, educational, and community providers in northern Nebraska.

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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 $118,346

Program Service Revenue $0

Investment Income $173

Other Revenue $4,033

TOTAL REVENUE $122,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,719

Fundraising Expenses $9,329

Program Expenses $88,677

Other Expenses $37,684

TOTAL EXPENSES $123,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,552	$141,849	-0.1%
Expenses	$123,403	$114,751	+0.1%
Net Income	$-851	$27,098	-1.0%

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

Total Directors

$74,110

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Bearnes	Chair	0.00	Officer Director	$0	$0	$0
Jean Henes	Secretary	0.00	Officer Director	$0	$0	$0
Kathy Nordby	Treasurer	0.00	Officer Director	$0	$0	$0
Michele Gill	Member	0.00	Director	$0	$0	$0
Gretchen Forsell	Executive Director	40.00	Director	$74,110	$0	$74,110

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	$122,552	$123,403	$95,065	$-851
2023	$141,849	$114,751	$93,268	$27,098
2022	$207,729	$190,253	$67,588	$17,476
2021	$375,240	$355,514	$87,865	$19,726
2020	$385,722	$374,426	$84,036	$11,296
2019	$254,964	$323,997	$67,017	$-69,033
2018	$417,144	$368,928	$99,576	$48,216

Northern Nebraska Area Health Education Center