NEBRASKA ASSOCIATION OF FORMER STATE LEGISLATORS (EIN 363346920) - 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

1984

Legal Domicile

Principal Officer

Vickie McDonald

Phone

4024209002

Tax Period

2025-01-01 to 2025-12-31

NEBRASKA ASSOCIATION OF FORMER STATE LEGISLATORS, founded in 1984, is a micro nonprofit in the Public & Societal Benefit sector that reported $1K in total revenue in fiscal year 2025. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $21K exceeded revenue, resulting in a 1631% operating deficit.

Mission

The Nebraska Association of Former State Legislators has as its primary objective promotion of the preservation and enhancement of Nebraska's State Capitol building.

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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 (2025)

Revenue Breakdown

Contributions & Grants $200

Program Service Revenue $0

Investment Income $1,012

Other Revenue $0

TOTAL REVENUE $1,212

Expense Breakdown

Grants Paid $19,976

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,976

Other Expenses $1,000

TOTAL EXPENSES $20,976

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,212	$58,432	-1.0%
Expenses	$20,976	$1,067,691	-1.0%
Net Income	$-19,764	$-1,009,259	-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

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

$1,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vickie McDonald	Executive Director	1	Key Emp	$1,000	$0	$1,000
Curt Bromm	Treasurer & Director	0.5	Officer Director	$0	$0	$0
Kent Rogert	Director	0.5	Director	$0	$0	$0
Kate Sullivan	Director	0.5	Director	$0	$0	$0
Mike Gloor	President and Director	0.5	Director Key Emp	$0	$0	$0
Greg Adams	Director	0.5	Director	$0	$0	$0
Kathy Campbell	Secretary and Director	0.5	Officer Director	$0	$0	$0
Mark Kolterman	Vice President and Director	0.5	Officer 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
2025	$1,212	$20,976	$15,705	$-19,764
2024	$58,432	$1,067,691	$35,469	$-1,009,259
2023	$-135,923	$26,664	$1,064,084	$-162,587
2022	$171,853	$18,470	$936,551	$153,383
2021	$391,702	$66,126	$1,051,332	$325,576
2020	$120,219	$250,848	$728,355	$-130,629

NEBRASKA ASSOCIATION OF FORMER STATE LEGISLATORS