FOUNDATION FOR EDUCATIONAL FUNDING… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

ELIZABETH S KOOP

Phone

4024796617

Tax Period

2023-10-01 to 2024-09-30

FOUNDATION FOR EDUCATIONAL FUNDING II, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $10.7M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $192.6M represent 217 months of operating reserves.

Mission

IMPROVE ACCESS TO HIGHER EDUCATION IN NEBRASKA

Program Service Accomplishments

Program 1

Expenses: $1,718,809

SCHOLARSHIP AWARDS TO STUDENTS ATTENDING QUALIFIED POST-SECONDARY INSTITUTIONS OF HIGHER EDUCATION IN THE STATE OF NEBRASKA. (AWARDED BY FORMULA ON AN OBJECTIVE NONDISCRIMINATORY BASIS.)

Program 2

Expenses: $957,659

GRANT AWARDS TO HIGH SCHOOLS, EITHER PUBLIC OR PRIVATE TAX-EXEMPT ORGANIZATIONS, TO ENHANCE EFFORTS TO INCREASE THEIR COLLEGE-GOING RATES. (AWARDS DETERMINED USING OBJECTIVE NONDISCRIMINATORY...

GRANT AWARDS TO HIGH SCHOOLS, EITHER PUBLIC OR PRIVATE TAX-EXEMPT ORGANIZATIONS, TO ENHANCE EFFORTS TO INCREASE THEIR COLLEGE-GOING RATES. (AWARDS DETERMINED USING OBJECTIVE NONDISCRIMINATORY CRITERIA.)

Program 3

Expenses: $3,588,989

FREE COLLEGE PLANNING SERVICES INCLUDING COLLEGE RESEARCH, EXPLORATION OF CAREER OPTIONS, SCHOLARSHIP SEARCH, FAFSA COMPLETION AND FILING, AND FINANCIAL AID OPTIONS. (AVAILABLE TO ALL STUDENTS AND...

FREE COLLEGE PLANNING SERVICES INCLUDING COLLEGE RESEARCH, EXPLORATION OF CAREER OPTIONS, SCHOLARSHIP SEARCH, FAFSA COMPLETION AND FILING, AND FINANCIAL AID OPTIONS. (AVAILABLE TO ALL STUDENTS AND FAMILIES IN NEBRASKA REGARDLESS OF COLLEGE DESTINATION.) THREE OFFICES IN NEBRASKA OPEN TO THE PUBLIC: KEARNEY, LINCOLN, AND OMAHA.

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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 $121,363

Program Service Revenue $5,287

Investment Income $10,524,646

Other Revenue $0

TOTAL REVENUE $10,651,296

Expense Breakdown

Grants Paid $1,047,623

Salaries & Benefits $3,715,545

Fundraising Expenses $0

Program Expenses $9,064,300

Other Expenses $6,045,520

TOTAL EXPENSES $10,808,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,651,296	$7,627,194	+0.4%
Expenses	$10,808,688	$7,340,976	+0.5%
Net Income	$-157,392	$286,218	-1.5%

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

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

$1,166,034

Total Directors

$540,572

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG AMES	DIRECTOR	1.00	Director	$21,750	$0	$21,750
MICHAEL GREEN	DIRECTOR	1.00	Director	$13,500	$0	$13,500
WENDY BOYER	DIRECTOR	1.00	Director	$11,500	$0	$11,500
DEBBIE COOPER	DIRECTOR	1.00	Director	$13,000	$0	$13,000
KELLY LEEPER	DIRECTOR	1.00	Director	$13,750	$0	$13,750
THOMAS SMITH	DIRECTOR	1.00	Director	$9,750	$0	$20,500
ELIZABETH S KOOP	PRESIDENT/CEO/DIRECTOR	40.00	Officer Director	$368,289	$62,033	$430,322
JENNIFER STRAND	DIRECTOR	1.00	Director	$9,750	$0	$9,750
MIGUEL CARRANZA	DIRECTOR	1.00	Director	$6,500	$0	$6,500
DAPHANE HALL	SENIOR VICE PRESIDENT	40.00	Officer	$173,992	$22,869	$196,861
MICHAEL J TIMMINS	CFO/SENIOR VICE PRESIDENT	40.00	Officer	$186,015	$50,640	$236,655
ERIC DRUMHELLER	VICE PRESIDENT	40.00	Officer	$120,942	$37,046	$157,988
REGAN ANSON	ASSISTANT VP OF COMMUNICATION	40.00	Officer	$115,375	$28,833	$144,208

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	$10,651,296	$10,808,688	$195,006,071	$-157,392
2023	$7,627,194	$7,340,976	$178,085,319	$286,218
2022	$10,445,531	$7,408,412	$170,700,093	$3,037,119
2021	$11,118,124	$7,004,939	$200,621,219	$4,113,185
2020	$9,132,107	$6,322,624	$161,530,703	$2,809,483
2019	$7,229,512	$6,401,234	$152,200,462	$828,278
2018	$12,184,779	$6,590,474	$154,025,540	$5,594,305

FOUNDATION FOR EDUCATIONAL FUNDING II