COUNCIL OF INDEPENDENT NEBRASKA CO… - Form 990 Financial Data

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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

1953

Legal Domicile

Principal Officer

STEVEN K RITZMAN

Phone

4023391660

Tax Period

2025-01-01 to 2025-12-31

COUNCIL OF INDEPENDENT NEBRASKA COLLEGES FOUNDATION, founded in 1953, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $175K, a strong 17% operating margin.

Mission

THE COUNCIL OF INDEPEPENDENT NEBRASKA COLLEGES FOUNDATION EXISTS TO PROVIDE OPERATING FUNDS AND SCHOLARSHIP SUPPORT FOR STUDENTS ATTENDING NEBRASKA'S INDEPENDENT INSTITUTIONS OF EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $540,884 Revenue: $301,847

PROVIDE FINANCIAL, OPERATING, AND SCHOLARSHIP SUPPORT FOR INDEPENDENT COLLEGES AND UNIVERSITIES IN NEBRASKA.(A) TO ENHANCE AND PROMOTE INDEPENDENT, NOT-FOR-PROFIT HIGHER EDUCATION IN NEBRASKA;(B) TO BE A COLLECTIVE VOICE FOR EXCELLENCE AND CHOICE IN HIGHER EDUCATION FOR ALL STUDENTS;(C) TO CONDUCT PUBLIC POLICY ADVOCACY THAT HELPS FURTHER ACHIEVEMENT OF CORPORATION'S CHARITABLE PURPOSES AND MISSION;(D) TO GATHER AND DISSEMINATE INFORMATION AND RESERACH ABOUT THE PERFORMANCE AND CONTRIBUTIONS OF THE INDEPENDENT, NOT-FOR-PROFIT COLLEGES AND UNIVERSITIES IN THE STATE OF NEBRASKA;(E) TO BE A SOURCE OF SUPPLEMENTAL FINANCIAL SUPPORT FOR STUDENTS OF THE MEMBERS;(F) TO EXPLORE AND ASSIST WITH CONSORTIUM GRANT APPLICATIONS FOR MEMBERS TO ADVANCE THEIR MISSIONS; AND(G) TO EXPLORE AND ASSIST IN DEVELOPING COLLABORATIVE SERVICES, SUCH AS GROUP PURCHASING OR SHARED SERVICES AMONG MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $225,090

Program Service Revenue $296,400

Investment Income $477,253

Other Revenue $5,447

TOTAL REVENUE $1,004,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,203

Fundraising Expenses $162,482

Program Expenses $540,884

Other Expenses $90,427

TOTAL EXPENSES $828,945

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,004,190	$1,803,550	-0.4%
Expenses	$828,945	$779,614	+0.1%
Net Income	$175,245	$1,023,936	-0.8%

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

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

$1,075,760

Total Directors

$3,807,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALY WILLIAMS	BOARD SECRETARY FROM 4/25	1.50	Officer Director	$0	$19,094	$293,842
ANDREIA NEBEL	DIRECTOR	1.50	Director	$0	$27,408	$347,793
BERNARD BULL	DIRECTOR	1.50	Director	$0	$81,334	$212,474
DANIEL HENDRICKSON SJ	DIRECTOR	1.50	Director	$0	$0	$0
DEB CARLSON	DIRECTOR	1.50	Director	$0	$0	$0
DR DARRIN GOOD	CHAIR	1.50	Officer Director	$0	$30,180	$408,637
HEATHER SMITH	DIRECTOR	1.50	Director	$0	$21,985	$358,285
JARED STARK	DIRECTOR UNTIL 7/25	1.50	Director	$0	$0	$100,125
JODY HORNER	SECRETARY UNTIL 4/25	1.50	Officer Director	$0	$9,892	$146,666
KELSI ANDERSON	DIRECTOR	1.50	Director	$0	$35,647	$281,737
MARY HAWKINS	DIRECTOR	1.50	Director	$0	$28,706	$607,380
RANDY KOSKI	VICE CHAIR	1.50	Officer Director	$0	$0	$0
RICHARD LLOYD	DIRECTOR	1.50	Director	$0	$17,701	$275,385
ROGER HUGHES	DIRECTOR	1.50	Director	$0	$51,514	$461,216
STEVEN RITZMAN	TREASURER	1.50	Officer Director	$0	$0	$0
YAMILETH BAZAN	DIRECTOR	1.50	Director	$0	$14,036	$196,800
TIM WESTBROOK	DIRECTOR FROM 7/25	1.50	Director	$0	$9,335	$117,420
TREVA HAUGAARD	EXECUTIVE DIRECTOR	40.00	Officer	$222,662	$3,953	$226,615

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	$1,004,190	$828,945	$6,837,201	$175,245
2024	$1,803,550	$779,614	$6,337,412	$1,023,936
2023	$1,279,170	$692,485	$5,593,874	$586,685
2022	$762,466	$776,453	$4,546,835	$-13,987
2021	$993,494	$812,950	$5,433,906	$180,544
2020	$746,781	$830,949	$4,824,489	$-84,168
2019	$750,553	$658,444	$4,283,969	$92,109
2018	$699,007	$588,973	$3,798,413	$110,034

COUNCIL OF INDEPENDENT NEBRASKA COLLEGES FOUNDATION