SCHOOL DISTRICT 145 FOUNDATION FOR… - 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

1990

Legal Domicile

Principal Officer

SARA MARTIN

Phone

4025255568

Tax Period

2023-07-01 to 2024-06-30

SCHOOL DISTRICT 145 FOUNDATION FOR EDUCATION, founded in 1990, is a small nonprofit that reported $932K in total revenue in fiscal year 2023. The organization ran a surplus of $258K, a strong 28% operating margin.

Mission

THE SCHOOL DISTRICT 145 FOUNDATION FOR EDUCATION'S MISSION IS TO ENRICH THE EDUCATIONAL EXPERIENCE IN OUR SCHOOLS BY PROVIDING FINANCIAL RESOURCES TO SUPPORT CREATIVE ENDEAVORS THAT WILL PROMOTE THE ACHIEVEMENT AND SUCCESS OF OUR STUDENTS. SINCE IT'S INCEPTION IN 1990, THE SCHOOL DISTRICT 145 FOUNDATION FOR EDUCATION HAS WORKED DILIGENTLY TO 1. INDENTIFY AND PROVIDE FUNDING FOR EDUCATIONAL OPPORTUNITIES BEYOND THE SCOPE OF THE EXISTING PROGRAMS AND SCHOOL DISTRICT 145'S FUNDING SOURCES, 2. RECOGNIZE EXCELLENCE AND OUTSTANDING CONTRIBUTIONS TO THE EDUCATIONAL PROGRAM THROUGHOUT SCHOOL DISTRICT 145, AND 3. INCREASE PARTICIPATION AND INVOLVEMENT FROM EVERY SECTOR OF OUR COMMUNITY IN THE EDUCATIONAL PROGRAMS OF SCHOOL DISTICT 145.

Program Service Accomplishments

Program 1

Expenses: $443,990

AWARD CLASSROOM GRANTS INCLUDING BOOKS, TECHNOLOGY AND EQUIPMENT. GRANTS WERE AWARDED TO ALL 5 SCHOOLS WITHIN SCHOOL DISTRICT 145. STUDENTS IN GRADES K-12 BENEFITTED, APPROXIMATELY 2000 STUDENTS.

Program 2

Expenses: $185,292

AS A CHILD CARE CENTER, LICENSED BY THE STATE OF NEBRASKA'S DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE VIKING DISCOVERY PROGRAM STRIVES TO PROVIDE THE HIGHEST QUALITY SERVICE TO THE FAMILIES OF...

AS A CHILD CARE CENTER, LICENSED BY THE STATE OF NEBRASKA'S DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE VIKING DISCOVERY PROGRAM STRIVES TO PROVIDE THE HIGHEST QUALITY SERVICE TO THE FAMILIES OF SCHOOL DISTRICT 145. THE VIKING DISCOVERY PROGRAM ENCOURAGES STUDENTS TO BE PART OF A RESPECTFUL AND RESPONSIBLE COMMUNITY. PROGRAM STAFF CHALLENGE STUDENTS TO EXCEL IN ACADEMIC, SOCIAL, AND RECREATIONAL AREAS, WHILE MAINTAINING THE HIGH STANDARDS SET FORTH BY THE FOUNDATION'S BOARD OF DIRECTORS. THE VIKING DISCOVERY PROGRAM SERVES THE NEEDS OF STUDENTS AND PARENTS BY PROVIDING A SUPERVISED, FUN ENVIRONMENT FOR CHILDREN BEFORE AND AFTER SCHOOL, ON NON-SCHOOL DAYS, AND DURING THE SUMMER. THE PROGRAM OPERATES WITH THE FOLLOWING PURPOSE: 1.TO PROVIDE OPPORTUNITIES FOR BEING WITH OTHER CHILDREN IN A SETTING CONDUCIVE TO THE DEVELOPMENT OF WHOLESOME SOCIAL RELATIONSHIPS. 2.TO PROVIDE APPROPRIATE ACTIVITY EXPERIENCES WHICH CONTRIBUTE TO THE DEVELOPMENTAL NEEDS OF EACH STUDENT. 3.TO PROVIDE OPPORTUNITIES FOR MEANINGFUL PLAY AND ACTIVITY, THAT WILL HELP BUILD IMPORTANT FOUNDATIONS FOR FUTURE SKILLS. 4.TO PROVIDE SUPPORT AND GUIDANCE IN ALL ACADEMIC AREAS.

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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 $363,046

Program Service Revenue $524,801

Investment Income $43,861

Other Revenue $0

TOTAL REVENUE $931,708

Expense Breakdown

Grants Paid $72,060

Salaries & Benefits $254,283

Fundraising Expenses $13,524

Program Expenses $629,282

Other Expenses $346,884

TOTAL EXPENSES $673,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$931,708	$945,833	0.0%
Expenses	$673,227	$1,032,203	-0.3%
Net Income	$258,481	$-86,370	-4.0%

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

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

$53,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA MARTIN	EXECUTIVE DI	40.00	Director	$53,040	$0	$53,040
CHAD BACON	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
LEAH CLARKE	DIRECTOR	N/A	Director	$0	$0	$0
JERRY DITTENBER	DIRECTOR	N/A	Director	$0	$0	$0
DARCI FANNING	DIRECTOR	N/A	Director	$0	$0	$0
TERESA GREVE	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHAD KENDALL	SCHOOL BOARD	N/A	Director	$0	$0	$0
ASHLEY KRAJEWSKI	DIRECTOR	N/A	Director	$0	$0	$0
ROB MILLER	INVESTMENT A	N/A	Director	$0	$0	$0
VICKI NIELSEN	SECRETARY	N/A	Officer Director	$0	$0	$0
DANIELLE PARRISH	DIRECTOR	N/A	Director	$0	$0	$0
KARMIN POWELL	DIRECTOR	N/A	Director	$0	$0	$0
HUNTER RADENSLABEN	DIRECTOR	N/A	Director	$0	$0	$0
DEBBIE SCHMEECKLE	TREASURER	N/A	Director	$0	$0	$0
AMY SCHMIDT	VP	N/A	Officer Director	$0	$0	$0
BECKY SHROEDER	WEA REPRESEN	N/A	Director	$0	$0	$0
CORY WORRELL	ADMIN REP	N/A	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	No data	No data	No data	No data
2024	$931,708	$673,227	$1,268,164	$258,481
2023	$945,833	$1,032,203	$1,009,683	$-86,370
2022	$1,082,155	$792,531	$1,028,565	$289,624
2021	$721,027	$620,080	$840,396	$100,947
2020	$363,969	$323,792	$619,950	$40,177
2019	$449,493	$404,930	$610,737	$44,563

SCHOOL DISTRICT 145 FOUNDATION FOR EDUCATION