NEBRASKA OPTOMETRIC ASSOCIATION INC

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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

1992

Legal Domicile

Principal Officer

JANET SEELHOFF CAE

Phone

4024747716

Tax Period

2024-01-01 to 2024-12-31

NEBRASKA OPTOMETRIC ASSOCIATION INC, founded in 1992, is a small nonprofit that reported $859K in total revenue in fiscal year 2024.

Mission

TO IMPROVE THE QUALITY, AVAILABILITY AND ACCESSIBILITY OF EYE AND VISION CARE IN NEBRASKA; TO REPRESENT THE OPTOMETRIC PROFESSION TO GOVERNMENT, THIRD PARTIES, AND THE PUBLIC; TO ASSIST MEMBERS IN CONDUCTING THEIR PRACTICES SUCCESSFULLY IN ACCORDANCE WITH THE HIGHEST STANDARDS OF PATIENT CARE AND EFFICIENCY; TO DEVELOP A SENSE OF COMMUNITY AMONG MEMBERS, THEREBY CREATING COMMITMENT TO THE PROFESSION OF OPTOMETRY.

Program Service Accomplishments

Program 1

SEMINARS, CONFERENCES, MEETINGS AND PUBLICATIONS TO DISPERSE INFORMATION TO THE MEMBERS FOR THE ADVANCEMENT OF THE PROFESSION OF OPTOMETRY

Program 2

LOBBYING AND VARIOUS OTHER SERVICES FOR THE PROFESSION

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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 $13,151

Program Service Revenue $805,684

Investment Income $21,580

Other Revenue $18,582

TOTAL REVENUE $858,997

Expense Breakdown

Grants Paid $11,773

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $843,669

TOTAL EXPENSES $855,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$858,997	$875,227	0.0%
Expenses	$855,442	$845,128	+0.0%
Net Income	$3,555	$30,099	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE SCHMIDT OD FAAO	DIRECTOR	1.00	Director	$0	$0	$0
BILL KUSEK OD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS RUPP OD	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
FAITH SCHNEIDER OD	PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON WEBB OD	DIRECTOR	1.00	Director	$0	$0	$0
KARLI SCHOCH OD	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN REED OD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KYLE PETER OD	DIRECTOR	1.00	Director	$0	$0	$0
MIKAELA BETKA OD	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL CROTTY OD	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
SCOTT RONHOVDE OD	DIRECTOR	1.00	Director	$0	$0	$0
WILL FERGUSON OD	PAST PRESIDE	1.00	Director	$0	$0	$0
JANET SEELHOFF CAE	EXECUTIVE DI	40.00	Officer	$0	$0	$0
MARC LASSALLE CNP	ASSOCIATE DI	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	$858,997	$855,442	$415,093	$3,555
2024	No data	No data	No data	No data
2023	$875,227	$845,128	$520,218	$30,099
2022	$811,645	$879,693	$429,496	$-68,048
2021	$700,888	$716,058	$530,949	$-15,170
2020	$694,376	$684,179	$569,196	$10,197