TASTE OF OMAHA INC (EIN 274529188) - 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

2011

Legal Domicile

Principal Officer

MICHAEL D MANCUSO

Phone

4023468003

Tax Period

2023-01-01 to 2023-12-31

TASTE OF OMAHA INC, founded in 2011, is a small nonprofit in the Education sector that reported $195K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $275K exceeded revenue, resulting in a 41% operating deficit.

Mission

ENCOURAGE COMMUNITY EVENTS WITH DIVERSE COMMUNITY ORGANIZATIONS TO STIMULATE THE GROWTH OF THE CULINARY ARTS, ENTERTAINMENT AND TOURISM IN THE GREATER OMAHA AREA.

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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 $53,494

Program Service Revenue $141,327

Investment Income $0

Other Revenue $0

TOTAL REVENUE $194,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,854

Other Expenses $275,439

TOTAL EXPENSES $275,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,821	$258,524	-0.2%
Expenses	$275,439	$295,322	-0.1%
Net Income	$-80,618	$-36,798	+1.2%

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

N/A

Volunteers

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL D MANCUSO	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOSEPH H MANCUSO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT P MANCUSO	TREASURER	1.00	Officer Director	$0	$0	$0
SEBASTIAN A ANZALDO JR	SECRETARY	0.50	Officer Director	$0	$0	$0
JAMES L MURPHY	DIRECTOR	0.20	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$194,821	$275,439	$2,883	$-80,618
2022	$258,524	$295,322	$31,944	$-36,798
2021	$250,961	$275,000	$68,742	$-24,039
2019	$330,647	$331,989	$145,755	$-1,342
2018	$311,953	$303,111	$151,795	$8,842

TASTE OF OMAHA INC