Norfolk Family Coalition Inc

EIN: 475426763 501(c)(3) Philanthropy & Grantmaking

Norfolk, NE

Total Revenue
$360,519
Total Expenses
$408,673
Total Assets
$120,766
Net Assets
$120,493
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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
2017
Legal Domicile
NE
Principal Officer
Jamie Bouslaugh
Phone
4026405106
Tax Period
2024-01-01 to 2024-12-31

Norfolk Family Coalition Inc, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $361K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $409K exceeded revenue, resulting in a 13% operating deficit.

Mission

To build collaboration among agencies, networks, and the broader community to find innovative solutions to improve the quality of life of people and communities in and around Norfolk, 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 $359,026
Program Service Revenue $0
Investment Income $1,493
Other Revenue $0
TOTAL REVENUE $360,519

Expense Breakdown

Grants Paid $27,389
Salaries & Benefits $149,850
Fundraising Expenses $0
Program Expenses $337,781
Other Expenses $231,434
TOTAL EXPENSES $408,673

Year-over-Year Comparison

2024 2023 Change
Revenue $360,519 $680,337 -0.5%
Expenses $408,673 $528,886 -0.2%
Net Income $-48,154 $151,451 -1.3%
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
12
Independent Members
12
Employees
3
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
7
$139,158
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kim Seelmeyer Board Member 0.50
Director
$0 $0 $0
Scott Lambrecht Board Member 0.50
Director
$0 $0 $0
Erik Wilson Chair 1.50
Officer Director
$0 $0 $0
Erika Fink Secretary 1.00
Officer Director
$0 $0 $0
Kelli Wacker Board Member 0.50
Director
$0 $0 $0
Heather Drahota Board Member 0.50
Director
$0 $0 $0
Donny Larson Board Member 0.50
Director
$0 $0 $0
Steven Petersen Treasurer 1.00
Officer Director
$0 $0 $0
Crystal Hestekind Vice-Chair 0.50
Officer Director
$0 $0 $0
John Grimes Board Member 0.50
Director
$0 $0 $0
Kimberly Powell Former Executive Director 40.00
Officer
$22,832 $0 $22,832
Jamie L Bouslaugh Co-Executive Director 40.00
Officer
$55,533 $0 $55,533
Merisa L Anderson Co-Executive Director 40.00
Officer
$60,793 $0 $60,793
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 $360,519 $408,673 $120,766 $-48,154
2023 $680,337 $528,886 $168,897 $151,451
2022 $475,266 $495,067 $18,923 $-19,801
2021 $614,746 $671,287 $38,104 $-56,541
2020 $536,326 $511,237 $96,262 $25,089
2019 $337,138 $370,066 $76,591 $-32,928
2018 $247,880 $156,163 $116,419 $91,717
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