NEBRASKA CENTER FOR EXCELLENCE IN … - 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

1998

Legal Domicile

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

Program Service Accomplishments

Program 1

OPERATE AND MAINTAIN FACILITIES FOR THE TESTING OF ELECTRONIC COMPONENTS AND PRODUCTS, AND THE TRAINING OF INDIVIDUALS IN METHODS OF PRODUCTION AND OPERATION THEREOF.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$126,698

Total Directors

Key Employees

Highest Compensated

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

NEBRASKA CENTER FOR EXCELLENCE IN ELECTRONICS