FRIENDS OF THE KENFIELD GALLERY

EIN: 470835061 501(c)(3) Arts, Culture & Humanities

OGALLALA, NE

Total Revenue
$177,474
Total Expenses
$152,997
Total Assets
$1,832,819
Net Assets
$1,667,453
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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
2001
Legal Domicile
NE
Principal Officer
MIKE KEITH
Phone
3082849996
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE KENFIELD GALLERY, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $177K in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. Expenses of $153K left a modest 14% surplus.

Mission

TO PRESERVE AND PROMOTE THE ARTWORK OF HARVEY AND HOWARD KENFIELD IN AN APPROPRIATE SETTING. TO PROMOTE AND ENHANCE AN APPRECIATION OF OUR LOCAL HERITAGE AND CULTURAL RESOURCES. PROMOTE HERITAGE TOURISM BY BLENDING WITH THE ARTS. STIMULATE INTEREST IN THE ARTS FOR PEOPLE OF ALL AGES. DEVELOP THE GALLERY AS AN EDUCATIONAL LEARNING CENTER FOR AREA YOUTH.

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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 $80,963
Program Service Revenue $0
Investment Income $19,094
Other Revenue $77,417
TOTAL REVENUE $177,474

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,156
Fundraising Expenses $0
Program Expenses $152,997
Other Expenses $116,841
TOTAL EXPENSES $152,997

Year-over-Year Comparison

2024 2023 Change
Revenue $177,474 $79,199 +1.2%
Expenses $152,997 $110,150 +0.4%
Net Income $24,477 $-30,951 -1.8%
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

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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
8
Independent Members
8
Employees
1
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
4
$0
Total Directors
5
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL VAIL EXECUTIVE DI N/A
Director
$36,000 $0 $36,000
PAT SCHULZ DIRECTOR N/A
Director
$0 $0 $0
MARK SPECK DIRECTOR N/A
Director
$0 $0 $0
GINNY STEINKE DIRECTOR N/A
Director
$0 $0 $0
MARVIN STUMPF DIRECTOR N/A
Director
$0 $0 $0
DARREL ARMSTRONG VICE PRESIDE N/A
Officer
$0 $0 $0
MIKE KEITH TREASURER N/A
Officer
$0 $0 $0
ROD RUZANIC PRESIDENT N/A
Officer
$0 $0 $0
VERNE SCHIMPF SECRETARY N/A
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
2024 $177,474 $152,997 $1,832,819 $24,477
2023 $79,199 $110,150 $1,847,969 $-30,951
2022 $313,690 $130,353 $1,891,476 $183,337
2021 $303,663 $77,116 $1,728,594 $226,547
2020 $100,027 $75,971 $1,533,885 $24,056
2019 $106,567 $70,351 $1,541,800 $36,216
2018 $57,510 $73,178 $1,508,271 $-15,668
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