NEBRASKA ART ASSOCIATION (EIN 476026671) - 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

1888

Legal Domicile

Principal Officer

JASON BOMBECK

Phone

4024722461

Tax Period

2024-07-01 to 2025-06-30

NEBRASKA ART ASSOCIATION, founded in 1888, is a small nonprofit in the Arts, Culture & Humanities sector that reported $867K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $446K, a strong 51% operating margin.

Mission

THROUGH STEWARDSHIP OF OUR COLLECTION AND FINANCIAL RESOURCES, THE SHELDON ART ASSOCIATION SUPPORTS THE SHELDON MUSEUM OF ARTS MISSION TO INSPIRE INQUIRY AND DISCOVERY, SERVING THE UNIVERSITY OF NEBRASKA, THE STATE, AND BEYOND.

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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 $460,066

Program Service Revenue $22,731

Investment Income $379,897

Other Revenue $4,700

TOTAL REVENUE $867,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $40,203

Program Expenses $93,235

Other Expenses $421,033

TOTAL EXPENSES $421,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$867,394	$506,423	+0.7%
Expenses	$421,033	$366,976	+0.1%
Net Income	$446,361	$139,447	+2.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMARA BARBER	TRUSTEE	1.00	Director	$0	$0	$0
JASON BOMBECK	TREASURER	1.00	Officer Director	$0	$0	$0
KARA BROSTROM	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER CINTANI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CLARK	TRUSTEE	1.00	Director	$0	$0	$0
GEOFFREY CLINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
BART DILLASHAW	TRUSTEE	1.00	Director	$0	$0	$0
JON GROSS	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE JACOBSON	TRUSTEE	1.00	Director	$0	$0	$0
NELLE JAMISON	TRUSTEE	1.00	Director	$0	$0	$0
BRENNEN MILLER	TRUSTEE	1.00	Director	$0	$0	$0
CINDY MORRIS	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
MARK PENCE	TRUSTEE	1.00	Director	$0	$0	$0
CLAY SMITH	TRUSTEE	1.00	Director	$0	$0	$0
ARADHNA SRIVASTAV	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW WILLIS	TRUSTEE	1.00	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	$867,394	$421,033	$5,756,252	$446,361
2024	$506,423	$366,976	$5,117,977	$139,447
2023	$823,706	$345,328	$4,498,747	$478,378
2022	$1,254,336	$414,604	$3,718,592	$839,732
2021	$535,421	$292,734	$3,442,538	$242,687
2020	$406,320	$358,376	$2,943,937	$47,944
2019	$1,144,372	$430,161	$2,820,567	$714,211
2018	$1,076,218	$623,456	$2,203,206	$452,762

NEBRASKA ART ASSOCIATION