OMAHA DEVELOPMENT COUNCIL INC (EIN 470607858) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

HEATH MELLO

Phone

4023465000

Tax Period

2024-01-01 to 2024-12-31

OMAHA DEVELOPMENT COUNCIL INC, founded in 1978, is a micro nonprofit that reported $28K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Net assets of $60K represent 26 months of operating reserves.

Mission

TO ENHANCE ECONOMIC DEVELOPMENT IN OMAHA AND THE SURROUNDING COMMUNITIES WITH PARTICULAR EMPHASIS ON REHABILITATING DISTRESSED COMMERCIAL AREAS IN THOSE COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,744

Program Service Revenue $0

Investment Income $884

Other Revenue $0

TOTAL REVENUE $27,628

Expense Breakdown

Grants Paid $26,744

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,744

Other Expenses $2,875

TOTAL EXPENSES $29,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,628	$1,100,251	-1.0%
Expenses	$29,619	$1,103,048	-1.0%
Net Income	$-1,991	$-2,797	-0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BOYER	DIRECTOR	1.00	Director	$0	$0	$0
DANA BRADFORD	DIRECTOR	1.00	Director	$0	$0	$0
JERRY CROUSE	DIRECTOR	1.00	Director	$0	$0	$0
NATE DODGE	DIRECTOR	1.00	Director	$0	$0	$0
LANCE FRITZ	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE GREWCOCK	DIRECTOR	1.00	Director	$0	$0	$0
DEREK LEATHERS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT REED	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE SELINE	DIRECTOR	1.00	Director	$0	$0	$0
HEATH MELLO	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES BLACKLEDGE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KEEN	DIRECTOR	1.00	Director	$0	$0	$0
JAVIER FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
ALEC GORYNSKI	EXECUTIVE 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
2024	$27,628	$29,619	$59,530	$-1,991
2023	$1,100,251	$1,103,048	$61,521	$-2,797
2022	$250,112	$253,104	$64,318	$-2,992
2021	$60	$4,529	$67,623	$-4,469
2020	$225,099	$231,082	$72,097	$-5,983
2019	$300,750	$504,178	$77,762	$-203,428

OMAHA DEVELOPMENT COUNCIL INC