SOUTHEAST NEBRASKA DEVELOPMENT INC (EIN 462902632) - 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

2012

Legal Domicile

Principal Officer

DOUG GORACKE

Phone

4024752560

Tax Period

2024-07-01 to 2025-06-30

SOUTHEAST NEBRASKA DEVELOPMENT INC, founded in 2012, is a micro nonprofit in the Community Improvement sector that reported $65K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $399K exceeded revenue, resulting in a 512% operating deficit.

Mission

TO ADDRESS COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES IN SOUTHEAST NEBRASKA, WITH ATTENTION TO THE NEEDS OF PERSONS WITH LOW INCOME, AND TO SEEK FUNDS, GRANTS, CONTRIBUTIONS, AND ANY OTHER TYPE OF FUNDING TO OBTAIN THESE GOALS.

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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 $0

Program Service Revenue $39,658

Investment Income $25,519

Other Revenue $0

TOTAL REVENUE $65,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $368,480

Other Expenses $398,884

TOTAL EXPENSES $398,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,177	$34,776	+0.9%
Expenses	$398,884	$161,213	+1.5%
Net Income	$-333,707	$-126,437	+1.6%

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
DOUG GORACKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROD REISEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAT KENNER	TREASURER	1.00	Officer Director	$0	$0	$0
ANN JANSKY	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY BEHRENDS	AT-LARGE	1.00	Director	$0	$0	$0
TOBIAS TEMPELMEYER	AT-LARGE	1.00	Director	$0	$0	$0
TARA MCMILLAN -KORTHALS	AT-LARGE	1.00	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
2025	$65,177	$398,884	$2,943,366	$-333,707
2024	$34,776	$161,213	$3,341,353	$-126,437
2023	$373,941	$55,132	$3,522,412	$318,809
2022	$387,760	$23,011	$3,191,396	$364,749

SOUTHEAST NEBRASKA DEVELOPMENT INC