NORFOLK VETERANS HOME FOUNDATION INC (EIN 452344169) - 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

2010

Legal Domicile

Principal Officer

MICHAEL J WILKE

Phone

4027501019

Tax Period

2017-07-01 to 2018-06-30

NORFOLK VETERANS HOME FOUNDATION INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $182K in total revenue in fiscal year 2017. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $221K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE FOUNDATION'S PURPOSE IS TO PROVIDE A HEROES PARK IN HONOR OF AND FOR THE USE OF THE RESIDENTS OF THE NEBRASKA VETERANS HOME IN NORFOLK, NEBRASKA AND THEIR GUESTS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $181,782

Program Service Revenue $0

Investment Income $617

Other Revenue $0

TOTAL REVENUE $182,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $220,304

Other Expenses $221,041

TOTAL EXPENSES $221,041

Year-over-Year Comparison

	2017	2016	Change
Revenue	$182,399	$388,293	-0.5%
Expenses	$221,041	$232,386	0.0%
Net Income	$-38,642	$155,907	-1.2%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD ALBIN	DIRECTOR	4.00	Director	$0	$0	$0
RJ GALL	CHAIRMAN (UNTIL MAY 2018)	4.00	Officer Director	$0	$0	$0
MICHAEL WILKE	DIRECTOR/CHAIRMAN	4.00	Officer Director	$0	$0	$0
SHANNON FALK	DIRECTOR	4.00	Director	$0	$0	$0
LARRY DINKEL	DIRECTOR	4.00	Director	$0	$0	$0
BOBBI MCCORMICK	DIRECTOR/SECRETARY	4.00	Officer Director	$0	$0	$0
ROBERT MORROW	TREASURER	4.00	Officer Director	$0	$0	$0
NEIL RITZ	DIRECTOR (UNTIL MAY 2018)	4.00	Director	$0	$0	$0
JASON DOELE	DIRECTOR (UNTIL MAY 2018)	4.00	Director	$0	$0	$0
JENNY LAST	DIRECTOR (UNTIL MAY 2018)	4.00	Officer Director	$0	$0	$0
BRUCE BOUNDS	DIRECTOR (UNTIL MAY 2018)	4.00	Director	$0	$0	$0
LINDA MYERS	DIRECTOR (STARTED MAY 2018)	4.00	Director	$0	$0	$0
PAUL BURBACH	DIRECTOR (STARTED MAY 2018)	4.00	Director	$0	$0	$0
MICHAEL HART	DIRECTOR (STARTED MAY 2018)	4.00	Director	$0	$0	$0
JEFF TREU	DIRECTOR (STARTED MAY 2018)	4.00	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
2018	$182,399	$221,041	$106,254	$-38,642

NORFOLK VETERANS HOME FOUNDATION INC