CENTRAL NEBRASKA GROWTH FOUNDATION

EIN: 464200440 501(c)(3) Community Improvement

GRAND ISLAND, NE

Total Revenue
$14,680
Total Expenses
$12,494
Total Assets
$910,785
Net Assets
$785,055
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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
2013
Legal Domicile
NE
Principal Officer
JEREMIAH KASPAR
Phone
3083817500
Tax Period
2024-01-01 to 2024-12-31

CENTRAL NEBRASKA GROWTH FOUNDATION, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $15K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $12K left a modest 15% surplus.

Mission

TO ENGAGE IN ECONOMIC DEVELOPMENT ACIVITIES AND TO ENGAGE IN OTHER ACTIVITIES AND PROGRAMS TO BENEFIT AND SUPPORT THE GRAND ISLAND AREA ECONOMIC DEVELOPMENT CORPORATION OR PREFORM OR CARRY OUT THE FUNCTIONS OR PURPOSES OF THE CORPORATION IN GRAND ISLAND, HALL COUNTY, AND THE SURROUNDING AREA COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $12,680
Other Revenue $2,000
TOTAL REVENUE $14,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,494
Other Expenses $12,494
TOTAL EXPENSES $12,494

Year-over-Year Comparison

2024 2023 Change
Revenue $14,680 $11,392 +0.3%
Expenses $12,494 $2,926 +3.3%
Net Income $2,186 $8,466 -0.7%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
7

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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILL ARMSTRONG MEMBER 1.00
Director
$0 $0 $0
ROGER BULLINGTON MEMBER 1.00
Director
$0 $0 $0
TOM GDOWSKI TREASURER/SE 1.00
Officer Director
$0 $0 $0
JEREMIAH KASPAR PRESIDENT 1.00
Officer Director
$0 $0 $0
BRUCE LUX MEMBER 1.00
Director
$0 $0 $0
ANN MARTIN MEMBER 1.00
Director
$0 $0 $0
TOM PIRNIE MEMBER 1.00
Director
$0 $0 $0
GALEN STEHLIK MEMBER 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
2024 $14,680 $12,494 $910,785 $2,186
2023 $11,392 $2,926 $787,842 $8,466
2022 $4,423 $3,043 $778,111 $1,380
2021 $120,579 $3,487 $773,023 $117,092
2020 $1,738 $6,855 $664,773 $-5,117
2019 $3,263 $9,519 $669,939 $-6,256
2018 $5,059 $46,810 $670,507 $-41,751
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