FIRST NEBRASKA CREDIT UNION (EIN 470524996) - Form 990 Financial Analysis & Trantor Score

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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

1964

Legal Domicile

Principal Officer

DALE KOVAR

Phone

4024929100

Tax Period

2025-01-01 to 2025-12-31

FIRST NEBRASKA CREDIT UNION, founded in 1964, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 16% operating margin.

Mission

STATE CHARTERED CREDIT UNION

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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 $0

Program Service Revenue $10,526,883

Investment Income $1,619,679

Other Revenue $0

TOTAL REVENUE $12,146,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $10,239,728

TOTAL EXPENSES $10,239,728

Year-over-Year Comparison

	2025	2024	Change
Revenue	$12,146,562	$11,132,438	+0.1%
Expenses	$10,239,728	$10,086,553	+0.0%
Net Income	$1,906,834	$1,045,885	+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

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
JULIE BEERS	Director	1.00	Director	$0	$0	$0
PHIL KOTTMEYER	Director	1.00	Director	$0	$0	$0
K PAUL COLLETT JR	Director	1.00	Director	$0	$0	$0
KAREN FISHER	Director	1.00	Director	$0	$0	$0
WILLIAM BURNS	Director	1.00	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
2025	$12,146,562	$10,239,728	$181,833,459	$1,906,834
2024	No data	No data	No data	No data
2023	$10,375,432	$9,182,193	$185,047,466	$1,193,239
2022	$8,714,071	$8,214,075	$183,513,271	$499,996
2021	$8,202,195	$7,609,795	$169,996,171	$592,400
2020	$8,099,975	$7,577,854	$157,193,521	$522,121
2019	$8,046,308	$7,404,445	$141,005,158	$641,863
2018	$7,507,989	$6,885,192	$137,257,178	$622,797

FIRST NEBRASKA CREDIT UNION