Nebraska Defense Research Corporation

EIN: 251903092 501(c)(3) Education

Lincoln, NE

Total Revenue
$6,101,465
Total Expenses
$8,043,750
Total Assets
$8,879,512
Net Assets
$5,939,470
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NE
Phone
4025546274
Tax Period
2024-04-01 to 2025-03-31

Nebraska Defense Research Corporation, founded in 2002, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $8.0M exceeded revenue, resulting in a 32% operating deficit.

Mission

Nebraska Defense Research Corporation (NDRC) provides a bridge of trust between government, industry, and academia to support and promote technology discovery, facilitate knowledge transfer, and accelerates the transfer of command, control, and communications capabilities to customer operations.

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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 $6,085,113
Program Service Revenue $0
Investment Income $16,352
Other Revenue $0
TOTAL REVENUE $6,101,465

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,693,400
Fundraising Expenses $0
Program Expenses $7,238,261
Other Expenses $5,350,350
TOTAL EXPENSES $8,043,750

Year-over-Year Comparison

2024 2023 Change
Revenue $6,101,465 $9,246,424 -0.3%
Expenses $8,043,750 $30,513,443 -0.7%
Net Income $-1,942,285 $-21,267,019 -0.9%
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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Governance

Voting Members
4
Independent Members
3
Employees
26
Volunteers
3

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
11
$3,471,426
Total Directors
5
$884,914
Key Employees
1
$246,407
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Mies Chairman 1.0
Officer Director
$0 $0 $0
Ted Carter Chairman (THRU 09/2024) 1.0
Officer Director
$0 $0 $355,557
Lance Perez Director 1.0
Director
$0 $50,196 $529,357
Scott Jerabek Director 1.0
Director
$0 $0 $0
W Gary Gates Director 1.0
Director
$0 $0 $0
Anna Ravnholdt Facility Security Officer 8.0
Officer
$2,400 $43,933 $230,613
Anne Barnes Treasurer (BEG 12/2024) 1.0
Officer
$0 $58,497 $462,421
Brenda Owen Treasurer (THRU 12/2024) 1.0
Officer
$0 $16,948 $207,473
Christopher Kabourek Treasurer (THRU 09/2024) 1.0
Officer
$0 $43,909 $958,273
Jerry Gandy Executive Director 40.0
Officer
$337,652 $17,752 $355,404
Kevin Harford Assistant Treasurer (BEG 12/2024) 1.0
Officer
$0 $21,401 $159,794
Laura Gonnerman Secretary 1.0
Officer
$0 $40,670 $178,981
Phil Bakken Assistant Secretary & Treasurer (THRU 06/2024) 1.0
Officer
$0 $14,866 $133,038
Stacia Palser Secretary (THRU 12/2024) 1.0
Officer
$0 $58,627 $429,872
James Taylor Deputy Executive Director 40.0
Key Emp
$233,903 $12,504 $246,407
Barbara Hirz Director of Strategy, Innovation and Workforce Development 40.0
Highest
$209,461 $12,140 $221,601
James Fuemmeler Director of Operations 40.0
Highest
$196,746 $8,956 $205,702
Lewis Arnold Director of Business Operations 40.0
Highest
$144,709 $5,065 $149,774
Scott Stevens Director of Programs 40.0
Highest
$195,557 $10,612 $206,169
Thomas S Narofsky Deputy Director, Infrastructure and Program Support Directorate 40.0
Highest
$158,165 $6,778 $164,943
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 $6,101,465 $8,043,750 $8,879,512 $-1,942,285
2024 $9,246,424 $30,513,443 $11,348,483 $-21,267,019
2023 $37,304,035 $17,018,554 $33,565,984 $20,285,481
2022 $14,649,208 $6,334,066 $12,097,402 $8,315,142
2021 $1,697,788 $2,102,868 $429,630 $-405,080
2020 $1,880,460 $2,488,056 $1,439,331 $-607,596
2019 $3,097,797 $2,916,255 $1,004,264 $181,542
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