ECONOMIC DEVELOPMENT COUNCIL OF BUF COUNTY INC

EIN: 470697801 Community Improvement

KEARNEY, NE

Total Revenue
$688,723
Total Expenses
$497,686
Total Assets
$2,611,700
Net Assets
$2,366,152
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NE
Principal Officer
TREVOR LEE
Tax Period
2024-07-01 to 2025-06-30

ECONOMIC DEVELOPMENT COUNCIL OF BUF COUNTY INC, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $689K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $191K, a strong 28% operating margin.

Mission

PROMOTE MEANINGFUL AND PROSPEROUS DEVELOPMENT FOR THE CITY OF KEARNEY NEBRASKA AND ALL OF BUFFALO COUNTY NEBRASKA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $655,838
Program Service Revenue $2,010
Investment Income $30,875
Other Revenue $0
TOTAL REVENUE $688,723

Expense Breakdown

Grants Paid $109,000
Salaries & Benefits $241,015
Fundraising Expenses $0
Other Expenses $147,671
TOTAL EXPENSES $497,686

Year-over-Year Comparison

2024 2023 Change
Revenue $688,723 $1,198,586 -0.4%
Expenses $497,686 $1,072,151 -0.5%
Net Income $191,037 $126,435 +0.5%
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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Governance

Voting Members
15
Independent Members
15
Employees
2
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TREVOR LEE PRESIDENT 45.00
Highest
$142,898 $0 $142,898
KIMBER BONNER BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN DORSEY BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT EHMKE BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN GOULD BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL KENNEY BOARD MEMBER 1.00
Director
$0 $0 $0
DAN LYNCH BOARD MEMBER 1.00
Director
$0 $0 $0
TAMI MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY NASLUND BOARD MEMBER 1.00
Director
$0 $0 $0
NICK RIDGEWAY BOARD MEMBER 1.00
Director
$0 $0 $0
KURT SCHMIDT BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JON WATTS BOARD MEMBER 1.00
Director
$0 $0 $0
JERRY HELLMAN CHAIRMAN 2.00
Officer
$0 $0 $0
CHRIS MILLER PAST CHAIRMA 1.00
Officer
$0 $0 $0
SHERRY MORROW VICE CHAIRMA 1.00
Officer
$0 $0 $0
BRAD WEGNER SECRETARY/TR 1.00
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
2025 $688,723 $497,686 $2,611,700 $191,037
2024 $1,198,586 $1,072,151 $2,716,196 $126,435
2023 $588,797 $799,302 $2,592,944 $-210,505
2022 $766,326 $336,773 $2,798,712 $429,553
2021 $566,802 $569,937 $2,410,753 $-3,135
2020 $651,975 $571,078 $2,383,598 $80,897
2019 $1,134,154 $460,523 $2,310,224 $673,631
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