NEBRASKA GREATS FOUNDATION (EIN 455122321) - 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

2014

Legal Domicile

Principal Officer

BILL HAMIK

Phone

6306063947

Tax Period

2024-01-01 to 2024-12-31

NEBRASKA GREATS FOUNDATION, founded in 2014, is a small nonprofit in the Unknown sector that reported $647K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $623K left a modest 4% surplus.

Mission

THE NEBRASKA GREATS FOUNDATION IS CREATED TO PROVIDE MEDICAL AND EMERGENCY ASSISTANCE TO FORMER AND CURRENT ATHLETES, BOTH MEN AND WOMEN, WHO LETTERED IN THEIR RESPECTIVE SPORTS WHILE ATTENDING A COLLEGE OR UNIVERSITY IN THE STATE OF NEBRASKA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $211,727

Program Service Revenue $0

Investment Income $60,080

Other Revenue $374,949

TOTAL REVENUE $646,756

Expense Breakdown

Grants Paid $252,731

Salaries & Benefits $227,767

Fundraising Expenses $0

Program Expenses $351,925

Other Expenses $142,972

TOTAL EXPENSES $623,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$646,756	$1,167,264	-0.4%
Expenses	$623,470	$567,023	+0.1%
Net Income	$23,286	$600,241	-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

Volunteers

N/A

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

$58,789

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT WETTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN GUSTIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BILL HAMIK	TREASURER	2.00	Officer Director	$0	$0	$0
BRUCE RASMUSSEN	EXEC AT LARGE	2.00	Officer Director	$0	$0	$0
ERIC CROUCH	DIRECTOR	2.00	Director	$0	$0	$0
TOM DINSDALE	DIRECTOR	2.00	Director	$0	$0	$0
KRIS BROWN	DIRECTOR	2.00	Director	$0	$0	$0
JERRY MURTAUGH	DIRECTOR	2.00	Director	$0	$0	$0
MONTE KRATZENSTEIN	EXECUTIVE DIRECTOR (AS OF SEPT 2024)	40.00	Officer	$6,000	$0	$6,000
BUD SYNHORST	EXECUTIVE DIRECTOR (THROUGH SEPT 2024)	40.00	Officer	$52,789	$0	$52,789

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	$646,756	$623,470	$2,212,548	$23,286
2023	$1,167,264	$567,023	$2,189,841	$600,241
2022	$900,628	$564,916	$1,599,644	$335,712
2021	$771,745	$325,103	$1,253,309	$446,642
2020	$455,068	$150,287	$781,857	$304,781
2019	$395,548	$195,399	$477,076	$200,149

NEBRASKA GREATS FOUNDATION