THE WILLA CATHER FOUNDATION

EIN: 470485401 501(c)(3) Arts, Culture & Humanities

RED CLOUD, NE

Total Revenue
$4,639,567
Total Expenses
$1,790,394
Total Assets
$25,541,023
Net Assets
$25,129,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
NE
Principal Officer
MARK W BOSTOCK
Phone
4027462653
Tax Period
2024-01-01 to 2024-12-31

THE WILLA CATHER FOUNDATION, founded in 1955, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 61% operating margin.

Mission

TO ADVANCE WILLA CATHER'S LEGACY LOCALLY AND BEYOND THROUGH EDUCATION, PRESERVATION, AND THE ARTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,995,033
Program Service Revenue $195,642
Investment Income $207,663
Other Revenue $241,229
TOTAL REVENUE $4,639,567

Expense Breakdown

Grants Paid $28,917
Salaries & Benefits $790,214
Fundraising Expenses $45,574
Program Expenses $1,389,369
Other Expenses $971,263
TOTAL EXPENSES $1,790,394

Year-over-Year Comparison

2024 2023 Change
Revenue $4,639,567 $3,239,870 +0.4%
Expenses $1,790,394 $1,524,330 +0.2%
Net Income $2,849,173 $1,715,540 +0.7%
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
21
Independent Members
21
Employees
20
Volunteers
70

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
$116,301
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY OLSON EXECUTIVE DI 40.00
Officer
$116,301 $0 $116,301
NANCY BIERMAN DIRECTOR 1.00
Director
$0 $0 $0
MARK W BOSTOCK PRESIDENT 1.00
Officer Director
$0 $0 $0
PETER CIPKOWSKI VICE PRESIDE 1.00
Officer Director
$0 $0 $0
DAN DEFFENBAUGH DIRECTOR 1.00
Director
$0 $0 $0
MARIAN FEY DIRECTOR 1.00
Director
$0 $0 $0
THOMAS REESE GALLAGHER DIRECTOR 1.00
Director
$0 $0 $0
DONNA GOWER DIRECTOR 1.00
Director
$0 $0 $0
SARAH BAKER HANSEN DIRECTOR 1.00
Director
$0 $0 $0
CHARMION GUSTKE HEARN DIRECTOR 1.00
Director
$0 $0 $0
JAMES A JAAP DIRECTOR 1.00
Director
$0 $0 $0
RUTH H KEENE DIRECTOR 1.00
Director
$0 $0 $0
ANA MCCRACKEN DIRECTOR 1.00
Director
$0 $0 $0
DR FRITZ MOUNTFORD DIRECTOR 1.00
Director
$0 $0 $0
JACK PREIS DIRECTOR 1.00
Director
$0 $0 $0
ANN ROMINES DIRECTOR 1.00
Director
$0 $0 $0
LUIS F SOTELO DIRECTOR 1.00
Director
$0 $0 $0
AMY L SPRINGER DIRECTOR 1.00
Director
$0 $0 $0
C KAY STAHLY TREASURER 1.00
Officer Director
$0 $0 $0
MARY JUNE TALEN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT THACKER PAST PRESIDE 1.00
Officer Director
$0 $0 $0
JOHN A YOST SECRETARY 1.00
Officer Director
$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
2024 $4,639,567 $1,790,394 $25,541,023 $2,849,173
2023 $3,239,870 $1,524,330 $22,497,621 $1,715,540
2022 $3,140,636 $1,492,908 $21,224,400 $1,647,728
2021 $4,745,039 $1,014,199 $21,410,298 $3,730,840
2020 $2,595,534 $1,024,756 $17,551,726 $1,570,778
2019 $2,669,065 $1,027,237 $16,051,954 $1,641,828
2018 $3,100,730 $970,306 $13,618,182 $2,130,424
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