Lincoln, NE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare Nebraska Defense Research Corporation with other nonprofits in Nebraska and across the country.