OMAHA SOUTH HIGH ALUMNI ASSOCIATION

EIN: 363843546 501(c)(3) Education

OMAHA, NE

Total Revenue
$192,684
Total Expenses
$195,160
Total Assets
$1,413,856
Net Assets
$1,411,022
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NE
Principal Officer
CAROLE SAFLEY
Phone
4027389493
Tax Period
2023-01-01 to 2023-12-31

OMAHA SOUTH HIGH ALUMNI ASSOCIATION, founded in 1992, is a small nonprofit in the Education sector that reported $193K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Net assets of $1.4M represent 88 months of operating reserves.

Mission

TO ORGANIZE, DEVELOP AND BUILD A DYNAMIC GROUP OF ALUMNI AND PROMOTE THE SUCCESS OF OMAHA SOUTH HIGH SCHOOL, ITS STUDENTS, AND FACULTY THROUGH A VARIETY OF EVENTS, PROJECTS, AND SCHOLARSHIPS.

Program Service Accomplishments

Program 1
Expenses: $147,313

THE ALUMNI ASSOCIATION'S GOAL IS TO BENEFIT OMAHA SOUTH HIGH SCHOOL AND STUDENTS THROUGH SCHOLARSHIPS, PROMOTION AND SPONSORSHIP OF ACADEMIC CONTESTS, MUSICAL, DEBATE AND DRAMA EVENTS, ASSISTANCE TO...

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THE ALUMNI ASSOCIATION'S GOAL IS TO BENEFIT OMAHA SOUTH HIGH SCHOOL AND STUDENTS THROUGH SCHOLARSHIPS, PROMOTION AND SPONSORSHIP OF ACADEMIC CONTESTS, MUSICAL, DEBATE AND DRAMA EVENTS, ASSISTANCE TO AND ENCOURAGEMENT OF THE ATHLETIC PROGRAMS, AND ENCOURAGEMENT OF THE FACULTY TO MAINTAIN THEIR HIGH DEGREE OF SUCCESS THROUGH TEACHER SPECIAL PROJECT FUNDS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $67,472
Program Service Revenue $0
Investment Income $49,038
Other Revenue $76,174
TOTAL REVENUE $192,684

Expense Breakdown

Grants Paid $59,536
Salaries & Benefits $30,518
Fundraising Expenses $41,230
Program Expenses $147,313
Other Expenses $105,106
TOTAL EXPENSES $195,160

Year-over-Year Comparison

2023 2022 Change
Revenue $192,684 $125,640 +0.5%
Expenses $195,160 $153,397 +0.3%
Net Income $-2,476 $-27,757 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
2
Volunteers
60

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
7
$14,046
Total Directors
21
$14,046
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLE SAFLEY PRESIDENT 20.00
Officer Director
$0 $0 $0
KAREN L BRAUN TREASURER 15.00
Officer Director
$14,046 $0 $14,046
JUDY STORM VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
LINDA FILIPOWICZ SECRETARY 0.50
Officer Director
$0 $0 $0
DEAN REZAC VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JOHN KRAYNESKI AD-HOC MEMBER 0.50
Officer Director
$0 $0 $0
PAUL KRACHER AD-HOC MEMBER 0.50
Officer Director
$0 $0 $0
CANDY REZAC DIRECTOR 0.50
Director
$0 $0 $0
CHRISTINA ZORKO DIRECTOR 0.50
Director
$0 $0 $0
EVELYN WINTHER DIRECTOR 0.50
Director
$0 $0 $0
HELENE ELSASSER DIRECTOR 0.50
Director
$0 $0 $0
LAURA ARMAS DIRECTOR 0.50
Director
$0 $0 $0
JOHN MULLIGAN DIRECTOR 0.50
Director
$0 $0 $0
JUDY TESAR DIRECTOR 0.50
Director
$0 $0 $0
RUDY TESAR DIRECTOR 0.50
Director
$0 $0 $0
KELLY MULLIGAN DIRECTOR 0.50
Director
$0 $0 $0
VIC RIHA DIRECTOR 0.50
Director
$0 $0 $0
MIKE CONTRERAS DIRECTOR 0.50
Director
$0 $0 $0
CARRIE CONTRERAS DIRECTOR 0.50
Director
$0 $0 $0
JACKIE CASPER DIRECTOR THRU 11/23 0.50
Director
$0 $0 $0
MARY STANEK DIRECTOR 0.50
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 $192,684 $195,160 $1,413,856 $-2,476
2022 $125,640 $153,397 $1,032,905 $-27,757
2021 $173,945 $120,584 $1,061,938 $53,361
2020 $144,808 $122,719 $1,009,470 $22,089
2019 $174,232 $164,377 $987,422 $9,855
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