Northern Nebraska Area Health Education Center

EIN: 223867376 501(c)(3) Health Care

Norfolk, NE

Total Revenue
$134,218
Total Expenses
$113,833
Total Assets
$104,391
Net Assets
$88,199
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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
NE
Principal Officer
Gretchen Forsell
Phone
4026447253
Tax Period
2024-09-01 to 2025-08-31

Northern Nebraska Area Health Education Center, founded in 2002, is a small nonprofit in the Health Care sector that reported $134K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $20K, a strong 15% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $78,765 Revenue: $616

The organization promotes, recruits, and retains health care professionals in northern Nebraska through health career and health education, community training and continuing education. This is done...

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The organization promotes, recruits, and retains health care professionals in northern Nebraska through health career and health education, community training and continuing education. This is done through partnerships among health care, 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $133,384
Program Service Revenue $0
Investment Income $218
Other Revenue $616
TOTAL REVENUE $134,218

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,472
Fundraising Expenses $9,051
Program Expenses $78,765
Other Expenses $31,361
TOTAL EXPENSES $113,833

Year-over-Year Comparison

2024 2023 Change
Revenue $134,218 $122,552 +0.1%
Expenses $113,833 $123,403 -0.1%
Net Income $20,385 $-851 -25.0%
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

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Governance

Voting Members
4
Independent Members
4
Employees
1
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
2
$0
Total Directors
5
$71,241
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kim Bearnes Chair 0.00
Officer Director
$0 $0 $0
Angela Johnson Secretary 0.00
Officer Director
$0 $0 $0
Jeff Hoffman Member 0.00
Director
$0 $0 $0
Todd Young Member 0.00
Director
$0 $0 $0
Gretchen Forsell Executive Director 40.00
Director
$71,241 $0 $71,241
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 $134,218 $113,833 $104,391 $20,385
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
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