NEBRASKA ECONOMIC DEVELOPMENT CORPORATION (EIN 470721052) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

SCOTT SAILORS

Tax Period

2023-10-01 to 2024-09-30

NEBRASKA ECONOMIC DEVELOPMENT CORPORATION, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. The organization ran a surplus of $651K, a strong 28% operating margin.

Mission

TO FURTHER THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF NEBRASKA BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,977,484

Investment Income $318,264

Other Revenue $0

TOTAL REVENUE $2,295,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,263,245

Fundraising Expenses $0

Program Expenses $1,102,384

Other Expenses $381,743

TOTAL EXPENSES $1,644,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,295,748	$2,237,131	+0.0%
Expenses	$1,644,988	$1,583,265	+0.0%
Net Income	$650,760	$653,866	0.0%

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

N/A

Employees

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

$290,463

Total Directors

$382,463

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SAILORS	EXECUTIVE DI	40.00	Officer Director	$244,334	$19,629	$263,963
JASON CULVER	CHIEF CREDIT	40.00	Highest	$231,667	$23,078	$254,745
WILL SAILORS	VP LENDING	40.00	Highest	$209,375	$26,658	$236,033
TODD MULLINER	PRESIDENT OF	40.00	Highest	$189,167	$28,881	$218,048
STEPHEN AMUNDSON	VICE CHAIR	5.00	Officer Director	$16,000	$0	$16,000
JAMES BARR	DIRECTOR	5.00	Director	$16,000	$0	$16,000
JACOB BORST	DIRECTOR	5.00	Director	$16,000	$0	$16,000
LOREN KUCERA	DIRECTOR	5.00	Director	$16,000	$0	$16,000
NICHOLAS MENEFEE	DIRECTOR	5.00	Director	$16,000	$0	$16,000
DOUG WIEMER	DIRECTOR	5.00	Director	$16,000	$0	$16,000
JEFF REIFSCHNEIDER	DIRECTOR	5.00	Director	$12,000	$0	$12,000
DENNIS GRAMS	CHAIR	5.00	Officer Director	$10,500	$0	$10,500

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	$2,295,748	$1,644,988	$6,893,543	$650,760
2023	$2,237,131	$1,583,265	$6,258,967	$653,866
2022	$1,640,595	$1,716,756	$5,459,032	$-76,161
2021	$1,918,071	$1,535,624	$5,498,328	$382,447
2020	$1,319,342	$1,528,555	$5,106,059	$-209,213
2019	$1,348,690	$1,316,627	$5,364,675	$32,063
2018	$1,200,217	$1,431,908	$5,328,352	$-231,691

NEBRASKA ECONOMIC DEVELOPMENT CORPORATION