BIG BROTHERS BIG SISTERS OF THE MI… - 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

1959

Legal Domicile

Principal Officer

ERIC JOHNSON

Phone

4023302449

Tax Period

2024-01-01 to 2024-12-31

BIG BROTHERS BIG SISTERS OF THE MIDLANDS, founded in 1959, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO CREATE AND SUPPORT ONE-TO-ONE MENTORING RELATIONSHIPS THAT IGNITE THE POWER AND PROMISE OF YOUTH.

Program Service Accomplishments

Program 1

Expenses: $3,279,915 Revenue: $-29,416

BIG BROTHERS BIG SISTERS OF THE MIDLANDS' VISION IS FOR ALL YOUTH TO ACHIEVE THEIR FULL POTENTIAL. OUR MISSION IS TO CREATE AND SUPPORT ONE-TO-ONE MENTORING RELATIONSHIPS THAT IGNITE THE POWER AND...

BIG BROTHERS BIG SISTERS OF THE MIDLANDS' VISION IS FOR ALL YOUTH TO ACHIEVE THEIR FULL POTENTIAL. OUR MISSION IS TO CREATE AND SUPPORT ONE-TO-ONE MENTORING RELATIONSHIPS THAT IGNITE THE POWER AND PROMISE OF YOUTH. BY PARTNERING WITH PARENTS/GUARDIANS, VOLUNTEERS, AND OTHERS IN THE COMMUNITY, WE ARE ACCOUNTABLE FOR EACH CHILD IN OUR PROGRAMS ACHIEVING HIGHER ASPIRATIONS, GREATER CONFIDENCE, BETTER RELATIONSHIPS, AND EDUCATIONAL SUCCESS, AS WELL AS AVOIDANCE OF RISKY BEHAVIORS. OUR SUCCESS IS MEASURED WITH THE YOUTH OUTCOME SURVEY (YOS) DEVELOPED EXCLUSIVELY FOR BIG BROTHERS BIG SISTERS (BBBS) BY EXPERT RESEARCHERS IN THE MENTORING FIELD.BBBS OF THE MIDLANDS OPERATES THE COMMUNITY-BASED MENTORING PROGRAM FOR YOUTH AGES 7-21 AND THE MENTORU PROGRAM FOR HIGH SCHOOL STUDENTS. BIG BROTHERS BIG SISTERS SERVES FROM ALL SOCIO-ECONOMIC BACKGROUNDS. HOWEVER, THE MAJORITY OF THOSE ENROLLED IN THE PROGRAMS RESIDE IN SINGLE-PARENT HOMES WITH HOUSEHOLD INCOME LEVELS ELIGIBLE FOR FREE OR REDUCED LUNCHES. YOUTH LIVING IN FOSTER CARE AND CHILDREN WITH ONE OR BOTH PARENTS INCARCERATED MAKE UP A SIGNIFICANT NUMBER OF THOSE SERVED. THE YOUTH, VOLUNTEERS, AND FAMILIES WE PARTNER WITH REPRESENT THE DIVERSE OMAHA METRO COMMUNITY.

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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 $2,939,405

Program Service Revenue $0

Investment Income $101,395

Other Revenue $785

TOTAL REVENUE $3,041,585

Expense Breakdown

Grants Paid $4,819

Salaries & Benefits $2,880,058

Fundraising Expenses $603,761

Program Expenses $3,279,915

Other Expenses $1,248,104

TOTAL EXPENSES $4,132,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,041,585	$3,981,506	-0.2%
Expenses	$4,132,981	$2,989,477	+0.4%
Net Income	$-1,091,396	$992,029	-2.1%

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

800

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

$449,265

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC JOHNSON	CHAIR	2.00	Director	$0	$0	$0
MARNIE JENSEN	PAST-CHAIR	2.00	Director	$0	$0	$0
NATHAN SCOTT	TREASURER	2.00	Director	$0	$0	$0
AMY STEFFEN	SECRETARY	2.00	Director	$0	$0	$0
KYLE CARTWRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
TREVON BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
ALLIE ESCH	DIRECTOR	2.00	Director	$0	$0	$0
JASON CLEARY	DIRECTOR	2.00	Director	$0	$0	$0
JAMI KEMP	DIRECTOR	2.00	Director	$0	$0	$0
JACI LINDBURG	DIRECTOR	2.00	Director	$0	$0	$0
BRENDA PAIZ	DIRECTOR	2.00	Director	$0	$0	$0
AMBER PHIPPS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT RUTFORD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SAVILLE	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA HOLLISTER	DIRECTOR	2.00	Director	$0	$0	$0
KYLE MILLER	DIRECTOR	2.00	Director	$0	$0	$0
RYAN STEINBACH	DIRECTOR	2.00	Director	$0	$0	$0
CARLY TURNER	DIRECTOR	2.00	Director	$0	$0	$0
MATT WHALEY	DIRECTOR	2.00	Director	$0	$0	$0
CYNRIC WHITAKER	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN ZAVERSNIK	DIRECTOR	2.00	Director	$0	$0	$0
DR KAREN KASSEBAUM	DIRECTOR	2.00	Director	$0	$0	$0
ABBY LATHROP	COO	40.00	Officer	$110,996	$24,571	$135,567
NICHOLE TURGEON	CEO	40.00	Officer	$179,644	$22,314	$201,958
ELIZABETH HANSEN	CDO THRU APRIL	40.00	Officer	$32,664	$3,359	$36,023
KEEGAN KORF	CDO FROM APRIL	40.00	Officer	$65,442	$10,275	$75,717

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	$3,041,585	$4,132,981	$6,120,628	$-1,091,396
2023	$3,981,506	$2,989,477	$5,941,981	$992,029
2022	$5,164,690	$2,664,555	$4,945,633	$2,500,135
2021	$2,948,894	$2,245,498	$2,335,846	$703,396
2020	$2,544,680	$2,264,248	$1,617,180	$280,432
2019	$2,071,633	$2,497,892	$1,337,717	$-426,259
2018	$2,509,217	$2,496,245	$1,744,053	$12,972

BIG BROTHERS BIG SISTERS OF THE MIDLANDS