COUNCIL OF INDEPENDENT NEBRASKA COLLEGES FOUNDATION

EIN: 470399855 501(c)(3)

BELLEVUE, NE

Total Revenue
$1,004,190
Total Expenses
$828,945
Total Assets
$6,837,201
Net Assets
$6,686,234
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
NE
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

TO ENHANCE, PROMOTE AND SOLICIT SUPPORT FOR FOUNDATION MEMBERS AND NEBRASKA INDEPENDENT COLLEGES.

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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 (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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Governance

Voting Members
15
Independent Members
3
Employees
2
Volunteers
29

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
6
$1,075,760
Total Directors
17
$3,807,760
Key Employees
0
$0
Highest Compensated
0
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
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