SOKOL SOUTH OMAHA

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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

1920

Legal Domicile

Principal Officer

SAME AS C ABOVE

Phone

4023340396

Tax Period

2023-01-01 to 2023-12-31

SOKOL SOUTH OMAHA, founded in 1920, is a small nonprofit in the Recreation & Sports sector that reported $516K in total revenue in fiscal year 2023. Expenses of $636K exceeded revenue, resulting in a 23% operating deficit.

Mission

YOUTH GYMNASTICS ACTIVITIES

Program Service Accomplishments

Program 1

Expenses: $349,718 Revenue: $409,385

GYMNASTIC MEETS, CLINICS, LESSONS AND INSTRUCTORS OFFERING CZECH LANGUAGE LESSONS.

Program 2

SOKOL MUSEUM TO DISPLAY CZECH HISTORY ARTIFACTS, BOOKS, CLOTHING, ETC. DURING 2023, SOKOL IS CONTINUING TO WORK TO RE-ESTABLISH ITS MUSEUM OPERATIONS AND SPENT NEAR $70,000 IN RELATED COSTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $409,385

Investment Income $107,061

Other Revenue $0

TOTAL REVENUE $516,446

Expense Breakdown

Grants Paid $100

Salaries & Benefits $286,186

Fundraising Expenses $0

Program Expenses $349,718

Other Expenses $349,618

TOTAL EXPENSES $635,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,446	$490,475	+0.1%
Expenses	$635,904	$509,747	+0.2%
Net Income	$-119,458	$-19,272	+5.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT A ALTIC	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES E RIHA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W KOCOUREK	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN SLEZAK	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW DALTON	DIRECTOR	1.00	Director	$0	$0	$0
VOJMIR BENAK JR	PRESIDENT	1.00	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	No data	No data	No data	No data
2023	$516,446	$635,904	$2,196,422	$-119,458
2022	$490,475	$509,747	$2,206,348	$-19,272
2021	$320,174	$308,164	$2,662,177	$12,010
2020	$130,652	$93,062	$2,507,071	$37,590
2019	$143,608	$93,940	$2,293,853	$49,668
2018	$158,360	$67,651	$1,972,721	$90,709