NEBRASKA CENTER FOR EXCELLENCE IN ELECTRONICS

EIN: 470813390 Community Improvement

LINCOLN, NE

Total Revenue
$2,490,205
Total Expenses
$2,018,363
Total Assets
$2,049,734
Net Assets
$1,807,872
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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
1998
Legal Domicile
NE
Principal Officer
DON WADEMAN
Phone
4023236233
Tax Period
2024-10-01 to 2025-09-30

NEBRASKA CENTER FOR EXCELLENCE IN ELECTRONICS, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $472K, a strong 19% operating margin.

Mission

TO SUPPORT & IMPROVE TECHNICAL & EDUCATIONAL INFRASTRUCTURE RELATING TO, AND ENHANCE THE GROWTH OF EMPLOYMENT OPPORTUNITIES IN, THE ELECTRONICS INDUSTRY IN 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 $0
Program Service Revenue $2,428,630
Investment Income $59,518
Other Revenue $2,057
TOTAL REVENUE $2,490,205

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,453,443
Fundraising Expenses $0
Other Expenses $564,920
TOTAL EXPENSES $2,018,363

Year-over-Year Comparison

2024 2023 Change
Revenue $2,490,205 $2,299,712 +0.1%
Expenses $2,018,363 $1,945,704 +0.0%
Net Income $471,842 $354,008 +0.3%
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

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Governance

Voting Members
14
Independent Members
14
Employees
15
Volunteers
14

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
$126,698
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD BAKER GENERAL MANA 40.00
Officer
$119,035 $7,663 $126,698
DIANE BARTELS DIRECTOR 0.75
Director
$0 $0 $0
SHUBHENDU BHARDWAJ DIRECTOR 0.75
Director
$0 $0 $0
R BRAD HARSE PRESIDENT 0.75
Officer Director
$0 $0 $0
DOUG HARTZELL VICE PRESIDE 0.75
Officer Director
$0 $0 $0
PERRY HOWELL DIRECTOR 0.75
Director
$0 $0 $0
CHAD HUTCHINSON DIRECTOR 0.75
Director
$0 $0 $0
PAUL ILLICH DIRECTOR 0.75
Director
$0 $0 $0
JAMIE JESSE DIRECTOR 0.75
Director
$0 $0 $0
GARY PIMPLE DIRECTOR 0.75
Director
$0 $0 $0
AL SHELDON DIRECTOR 0.75
Director
$0 $0 $0
PAUL SPIEKER DIRECTOR 0.75
Director
$0 $0 $0
DON WADEMAN TREASURER 0.75
Officer Director
$0 $0 $0
SEAN WINTER DIRECTOR 0.75
Director
$0 $0 $0
LYNN WOODFORD SECRETARY 0.75
Officer 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
2025 $2,490,205 $2,018,363 $2,049,734 $471,842
2024 $2,299,712 $1,945,704 $1,506,952 $354,008
2023 $2,309,552 $2,057,954 $1,335,701 $251,598
2022 $1,764,927 $1,834,161 $904,908 $-69,234
2021 $1,623,829 $1,454,042 $1,005,136 $169,787
2020 $1,451,306 $1,575,043 $825,427 $-123,737
2019 $1,363,613 $1,394,323 $848,594 $-30,710
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