OMAHA DEVELOPMENT FOUNDATION

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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

1980

Legal Domicile

Principal Officer

HEATH MELLO

Phone

4023465000

Tax Period

2024-01-01 to 2024-12-31

OMAHA DEVELOPMENT FOUNDATION, founded in 1980, is a small nonprofit in the Human Services sector that reported $666K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $246K, a strong 37% operating margin.

Mission

REDEVELOPMENT OF THE OMAHA METROPOLITAN AREA

Program Service Accomplishments

Program 1

Expenses: $363,819

ALL ACTIVITIES ARE IN CONNECTION WITH THE PROMOTION OF OMAHA WELFARE AND TO LESSEN THE BURDENS OF GOVERNMENT. PROFITS FROM PROGRAMS AND PROJECTS ARE USED FOR THE REDEVELOPMENT OF THE OMAHA...

ALL ACTIVITIES ARE IN CONNECTION WITH THE PROMOTION OF OMAHA WELFARE AND TO LESSEN THE BURDENS OF GOVERNMENT. PROFITS FROM PROGRAMS AND PROJECTS ARE USED FOR THE REDEVELOPMENT OF THE OMAHA METROPOLITAN AREA.

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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 $313,100

Program Service Revenue $0

Investment Income $310,532

Other Revenue $42,822

TOTAL REVENUE $666,454

Expense Breakdown

Grants Paid $313,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $363,819

Other Expenses $107,670

TOTAL EXPENSES $420,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$666,454	$551,850	+0.2%
Expenses	$420,770	$712,151	-0.4%
Net Income	$245,684	$-160,301	-2.5%

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

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
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
JERRY CROUSE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KEEN	DIRECTOR	1.00	Director	$0	$0	$0
DEREK LEATHERS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BOYER	DIRECTOR	1.00	Director	$0	$0	$0
DANA BRADFORD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BLACKLEDGE	DIRECTOR	1.00	Director	$0	$0	$0
HEATH MELLO	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT REED	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE SELINE	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	$666,454	$420,770	$3,386,849	$245,684
2023	$551,850	$712,151	$3,149,051	$-160,301
2022	$754,695	$425,566	$3,352,168	$329,129
2021	$1,272,721	$322,743	$2,972,337	$949,978
2020	$1,277,435	$307,480	$2,022,671	$969,955
2019	$197,028	$274,127	$1,052,427	$-77,099