NEBRASKA MUSIC EDUCATION ASSOCIATI… - 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

1937

Legal Domicile

Principal Officer

DEBBIE MARTINEZ

Phone

4029373359

Tax Period

2024-01-01 to 2024-12-31

NEBRASKA MUSIC EDUCATION ASSOCIATION, founded in 1937, is a small nonprofit in the Arts, Culture & Humanities sector that reported $338K in total revenue in fiscal year 2024.

Mission

PROFESSIONAL ORGANIZATION FOR MUSIC EDUCATORS

Program Service Accomplishments

Program 1

Expenses: $106,528 Revenue: $138,944

MUSIC CLINIC AND AUDITIONS FOR NEBRASKA HIGH SCHOOL AND ELEMENTARY STUDENTS

Program 2

Expenses: $99,606 Revenue: $115,929

CONFERENCE FOR NEBRASKA HIGH SCHOOL MUSIC EDUCATORS

Program 3

Expenses: $14,828 Revenue: $10,887

PROFESSIONAL PUBLICATION FOR ALL MEMBERS

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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 $30,897

Program Service Revenue $265,760

Investment Income $16,277

Other Revenue $25,497

TOTAL REVENUE $338,431

Expense Breakdown

Grants Paid $2,300

Salaries & Benefits $56,650

Fundraising Expenses $633

Program Expenses $261,342

Other Expenses $277,673

TOTAL EXPENSES $336,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,431	$332,513	+0.0%
Expenses	$336,623	$384,409	-0.1%
Net Income	$1,808	$-51,896	-1.0%

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

$56,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE MARTINEZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
CLAY BLACKMAN	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
ANGELA WRIGHT	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
BRIAN ALBER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAELA BABIC	DIRECTOR	1.00	Director	$0	$0	$0
DOUG BOGATZ	DIRECTOR	1.00	Director	$0	$0	$0
GAIL CARPENTER-JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KATE KONRAD	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH MEINTS	DIRECTOR	1.00	Director	$0	$0	$0
EMMA SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER STAHR	DIRECTOR	1.00	Director	$0	$0	$0
DAN SODOMKA	DIRECTOR	1.00	Director	$0	$0	$0
CHEYENNE GRANNAN	EXECUTIVE DI	40.00	Officer	$56,650	$0	$56,650

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	No data	No data	No data	No data
2024	$338,431	$336,623	$202,336	$1,808
2023	$332,513	$384,409	$200,528	$-51,896
2022	$294,197	$248,658	$252,424	$45,539
2021	$267,879	$242,276	$206,885	$25,603
2020	$129,025	$176,788	$181,282	$-47,763
2019	$331,407	$289,068	$229,045	$42,339
2018	$339,292	$351,225	$186,706	$-11,933

NEBRASKA MUSIC EDUCATION ASSOCIATION