NEBRASKA HOSPITAL ASSOCIATION

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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

1927

Legal Domicile

Principal Officer

JEREMIAH NORDQUIST

Phone

4027428140

Tax Period

2024-01-01 to 2024-12-31

NEBRASKA HOSPITAL ASSOCIATION, founded in 1927, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 23% operating margin.

Mission

PART I, LINE 1 AND PART III, LINE 1 THE MISSION OF THE NEBRASKA HOSPITAL ASSOCIATION (NHA) IS TO SERVE ITS MEMBERS BY BEING THE TRUSTED LEADER TO IMPROVE THE HEALTH, WELL-BEING AND QUALITY OF LIFE OF ALL NEBRASKANS.

Program Service Accomplishments

Program 1

Expenses: $3,989,940 Revenue: $3,477,049

ADVOCACY/POLICY: TO PROACTIVELY POSITION THE NEBRASKA HOSPITAL ASSOCIATION (NHA) AS THE MOST RESPECTED, KNOWLEDGEABLE AND INFLUENTIAL RESOURCE FOR THE DEVELOPMENTOF HEALTH CARE POLICY BY PROVIDING...

ADVOCACY/POLICY: TO PROACTIVELY POSITION THE NEBRASKA HOSPITAL ASSOCIATION (NHA) AS THE MOST RESPECTED, KNOWLEDGEABLE AND INFLUENTIAL RESOURCE FOR THE DEVELOPMENTOF HEALTH CARE POLICY BY PROVIDING STRONG LEADERSHIP, COMMUNICATING EFFECTIVELY AND STRATEGICALLY COLLABORATING WITH POLICYMAKERS, NHA MEMBERS AND OTHER STAKEHOLDERS. INFORMATION SERVICES: TO FACILITATE A LEARNING ENVIRONMENT IN PROVIDING HEALTH CARE THAT IS FREE FROM MEDICAL ERROR, UTILIZES AND SHARES EVIDENCE-BASED BEST PRACTICES, IS CUSTOMIZED TO MEET PATIENT SPECIFIC EXPECTATIONS AND VALUES AND SETS THE STANDARD IN THE STATE FOR SERVICE EXCELLENCE. TO PROVIDE RELIABLE AND COMPREHENSIVE HEALTH DATA AND INFORMATION ABOUT HEALTH CARE SERVICES, HEALTH CARE TRENDS, CLINICAL OUTCOMES AND THEIR IMPACTS AND IMPLICATIONS ON NEBRASKA HEALTH CARE PROVIDERS AND THE COMMUNITIES THEY SERVE. EDUCATION: TO OFFER EDUCATIONAL PROGRAMS TO ASSIST HOSPITALS WITH LEADERSHIP DEVELOPMENT AND STAFF COMPETENCIES USING A VARIETY OF EDUCATIONAL TOOLS, PROVIDING HIGH-QUALITY CONTENT AND LEARNING OPPORTUNITIES.

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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 $189,137

Program Service Revenue $5,686,459

Investment Income $657,217

Other Revenue $913,046

TOTAL REVENUE $7,445,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,629,646

Fundraising Expenses $0

Program Expenses $3,989,940

Other Expenses $2,114,302

TOTAL EXPENSES $5,743,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,445,859	$4,574,688	+0.6%
Expenses	$5,743,948	$4,512,828	+0.3%
Net Income	$1,701,911	$61,860	+26.5%

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

$519,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT RICHMOND	CHAIR	N/A	Director	$0	$0	$0
RYAN LARSEN	PAST CHAIR	N/A	Director	$0	$0	$0
LORI MAZANEC	VICE CHAIR	N/A	Director	$0	$0	$0
TREG VYZOUREK	SECRETARY	N/A	Director	$0	$0	$0
KELLY DRISCOLL	TREASURER	N/A	Director	$0	$0	$0
JOSIE ABBOUD	DIRECTOR	N/A	Director	$0	$0	$0
KYLE KELLUM	DIRECTOR	N/A	Director	$0	$0	$0
ERIC MOOSS	DIRECTOR	N/A	Director	$0	$0	$0
AMANDA VICK	DIRECTOR	N/A	Director	$0	$0	$0
HARRIS FRANKEL MD	PHYSICIAN RE	N/A	Director	$0	$0	$0
MARSHA ROGERS	TRUSTEE REP.	N/A	Director	$0	$0	$0
RUSS GRONEWOLD	AHA RPB6 CHA	N/A	Director	$0	$0	$0
JAMES ULRICH	AHA RPB6 DEL	N/A	Director	$0	$0	$0
JASON PETIK	AHA RPB6 DEL	N/A	Director	$0	$0	$0
KELLY VAUGHN	AHA RPB6 DEL	N/A	Director	$0	$0	$0
JASON BRUCE	DIST.1 CHAIR	N/A	Director	$0	$0	$0
MANNY BANNER	DIST.2 CHAIR	N/A	Director	$0	$0	$0
IVAN MITCHELL	DIST.3 CHAIR	N/A	Director	$0	$0	$0
CURT COLEMAN	DIST.4 CHAIR	N/A	Director	$0	$0	$0
DANIEL DEFREECE	DIST.5 CHAIR	N/A	Director	$0	$0	$0
JEREMIAH NORDQUIST	PRESIDENT	36.00	Officer	$476,352	$43,038	$519,390
MICHAEL FEAGLER	VP, MEDICAID	38.00	Highest	$170,455	$36,515	$206,970
ANDREW HALE	CHIEF PPL/MB	38.00	Highest	$206,049	$25,626	$231,675
JON BORTON	SR. VP, NHA	38.00	Highest	$157,276	$19,424	$176,700
MARGARET WOEPPEL	CHIEF NURSIN	38.00	Highest	$166,988	$37,005	$203,993
STACY OCANDER	VP, WORKFORC	38.00	Highest	$138,349	$12,477	$150,826
TIMOTHY JOHNSON	CFO	38.00	Officer	$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	$5,236,449	$5,743,948	$11,117,722	$-507,499
2024	$7,445,859	$5,743,948	$13,327,132	$1,701,911
2023	$4,574,688	$4,512,828	$10,762,674	$61,860
2022	$4,541,741	$3,730,317	$10,243,415	$811,424
2021	$3,336,671	$3,202,804	$9,867,444	$133,867
2020	$3,346,941	$3,056,417	$9,496,104	$290,524
2019	$3,480,465	$3,224,208	$8,953,693	$256,257
2018	$3,301,574	$3,003,585	$8,498,454	$297,989