OMAHA ECONOMIC DEVELOPMENT CORPORATION (EIN 470597743) - 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

1977

Legal Domicile

Principal Officer

MICHAEL MARONEY

Phone

4023462300

Tax Period

2023-01-01 to 2023-12-31

OMAHA ECONOMIC DEVELOPMENT CORPORATION, founded in 1977, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $5.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

ECONOMIC DEVELOPMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $891,320

Program Service Revenue $3,172,993

Investment Income $88,841

Other Revenue $553,019

TOTAL REVENUE $4,706,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $830,913

Fundraising Expenses $0

Program Expenses $4,232,304

Other Expenses $4,531,285

TOTAL EXPENSES $5,362,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,706,173	$5,224,740	-0.1%
Expenses	$5,362,198	$4,339,892	+0.2%
Net Income	$-656,025	$884,848	-1.7%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$341,410

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORT BONNER	CHAIR	1.00	Officer Director	$0	$0	$0
ERNEST JWHITE	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN PIERCE	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENDA COUNCIL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA TOOLES-DYER	DIRECTOR	1.00	Director	$0	$0	$0
ALISA PARMER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BEVERLY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL B MARONEY	PRESIDENT	40.00	Key Emp	$187,898	$0	$187,898
MICHAEL H SCHULZ	VICE PRESIDENT/CONTROLLER	40.00	Key Emp	$153,512	$0	$153,512

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
2023	$4,706,173	$5,362,198	$20,894,179	$-656,025
2022	$5,224,740	$4,339,892	$19,560,233	$884,848
2021	$6,962,293	$5,363,265	$18,549,776	$1,599,028
2020	$4,662,459	$4,581,953	$19,884,039	$80,506
2019	$3,763,744	$4,531,902	$20,305,868	$-768,158
2018	$4,460,538	$4,001,324	$20,233,056	$459,214

OMAHA ECONOMIC DEVELOPMENT CORPORATION