NEBRASKA ENTERPRISE FUND

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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

1997

Legal Domicile

Principal Officer

JAMES A REIFF

Phone

4026855500

Tax Period

2024-07-01 to 2025-06-30

NEBRASKA ENTERPRISE FUND, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.6M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Net assets of $17.9M represent 59 months of operating reserves.

Mission

THE NEBRASKA ENTERPRISE FUND ENVISIONS A VIBRANT SMALL BUSINESS ECO-SYSTEM WHERE EVERY SMALL AND MICRO BUSINESS HAS THE OPPORTUNITY TO START, GROW AND PROSPER. THE NEBRASKA ENTERPRISE FUND SUPPORTS UNDERSERVED COMMUNITIES BY PROVIDING MICRO AND SMALL BUSINESSES WITH ACCESS TO TRAINING, TECHNICAL ASSISTANCE, AND CAPITAL.

Program Service Accomplishments

Program 1

Expenses: $3,291,739 Revenue: $1,320,045

PROMOTE GROWTH OF SMALL BUSINESS AND MICRO ENTERPRISE PROGRAMS IN NEBRASKA AND SOUTHWEST IOWA, AND PROGRAMMING FOR VETERANS THROUGH THE VETERANS BUSINESS OUTREACH CENTER FOR ALL OF NEBRASKA AND IOWA, THROUGH TRAINING; TECHNICAL ASSISTANCE; PEER SUPPORT; RESEARCH AND PRODUCT DEVELOPMENT; CAPACITY BUILDING AND EVALUATION; AND SMALL BUSINESS LOANS OR CD GUARANTEES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,936,732

Program Service Revenue $1,405,175

Investment Income $285,819

Other Revenue $0

TOTAL REVENUE $3,627,726

Expense Breakdown

Grants Paid $185,500

Salaries & Benefits $1,577,908

Fundraising Expenses $20,707

Program Expenses $3,291,739

Other Expenses $1,824,766

TOTAL EXPENSES $3,588,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,627,726	$11,655,778	-0.7%
Expenses	$3,588,174	$4,836,569	-0.3%
Net Income	$39,552	$6,819,209	-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

$141,855

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH HODGES	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BOBBI PETTIT	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVE WISE	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL STOREY	MEMBER	1.00	Director	$0	$0	$0
EDDIE SITZMAN	MEMBER	1.00	Director	$0	$0	$0
MIA SILVA-LAUSTRUP	MEMBER	1.00	Director	$0	$0	$0
TALIA MCGILL	MEMBER	1.00	Director	$0	$0	$0
EMILY BLODGETT	MEMBER	1.00	Director	$0	$0	$0
JAMES REIFF	EXECUTIVE DIRECTOR	40.00	Officer	$141,855	$0	$141,855

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	$3,627,726	$3,588,174	$34,186,396	$39,552
2024	$11,655,778	$4,836,569	$27,532,011	$6,819,209
2023	$4,516,971	$3,826,530	$19,519,037	$690,441
2022	$5,303,898	$2,807,150	$18,320,846	$2,496,748
2021	$6,191,049	$4,496,918	$28,286,506	$1,694,131
2020	$2,411,401	$2,257,155	$13,366,664	$154,246
2019	$1,914,819	$1,870,144	$13,651,328	$44,675
2018	$1,864,515	$1,464,630	$12,972,626	$399,885