WAHOO SENIOR CENTER ASSOCIATION F/… - Form 990 Financial Data

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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

2014

Principal Officer

BONNIE BURKEY

Phone

4024434463

Tax Period

2024-01-01 to 2024-12-31

WAHOO SENIOR CENTER ASSOCIATION F/K/A WAHOO SENIOR CITIZEN CENTER, founded in 2014, is a micro nonprofit that reported $74K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $101K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO IMPROVE OR MAINTAIN THE QUALITY OF LIFE OF SENIORS AND MENTALLY CHALLENGED INDIVIDUALS IN THE COMMUNITY OF WAHOO, NEBRASKA.

Program Service Accomplishments

Program 1

Expenses: $93,525

PROVIDE FINANCIAL AND ADMINISTRATIVE SUPPORT TO THE WAHOO SENIOR CENTER.

Program 2

Expenses: $7,000

PROVIDE SCHOLARSHIPS TO AREA HIGH SCHOOL STUDENTS

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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 $47,696

Program Service Revenue $0

Investment Income $26,300

Other Revenue $0

TOTAL REVENUE $73,996

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,525

Other Expenses $93,525

TOTAL EXPENSES $100,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,996	$45,808	+0.6%
Expenses	$100,525	$8,887	+10.3%
Net Income	$-26,529	$36,921	-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

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
BONNIE BURKEY	PRESIDENT	N/A	Officer	$0	$0	$0
SARAH KRUSE	TREASURER	N/A	Officer	$0	$0	$0
KATHLEEN URBAN	SECRETARY	N/A	Officer	$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	$73,996	$100,525	$563,826	$-26,529
2023	$45,808	$8,887	$574,157	$36,921
2022	$36,998	$10,046	$516,159	$26,952
2021	$48,283	$22,546	$515,236	$25,737

WAHOO SENIOR CENTER ASSOCIATION F/K/A WAHOO SENIOR CITIZEN CENTER