NEBRASKA HOSPITAL ASSOCIATION RESEARCH AND EDUCATIONAL FOUNDATION

EIN: 476058269 501(c)(3)

LINCOLN, NE

Total Revenue
$1,539,690
Total Expenses
$1,229,376
Total Assets
$3,118,788
Net Assets
$3,067,917
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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
1968
Legal Domicile
NE
Principal Officer
JEREMIAH NORDQUIST
Phone
4027428140
Tax Period
2024-01-01 to 2024-12-31

NEBRASKA HOSPITAL ASSOCIATION RESEARCH AND EDUCATIONAL FOUNDATION, founded in 1968, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $310K, a strong 20% operating margin.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES THAT ENABLE NHA MEMBERS TO BE UP-TO- DATE AND RESPONSIVE TO HEALTH CARE CHALLENGES AND REFORMS. THE FOUNDATION IS COMMITTED TO PROVIDING THE HIGHEST-QUALITY, COST-EFFECTIVE AND READILY ACCESSIBLE HEALTH CARE EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $815,476 Revenue: $922,568

TO FOSTER AND SPONSOR EDUCATIONAL PROGRAMS FOR TRAINING OF HEALTH CARE PERSONNEL, AND TO PROVIDE FINANCIAL AID TO NEBRASKANS NEEDING ASSISTANCE IN THE PURSUIT OF AN EDUCATION IN HEALTH CAREERS.

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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 $48,619
Program Service Revenue $922,568
Investment Income $561,544
Other Revenue $6,959
TOTAL REVENUE $1,539,690

Expense Breakdown

Grants Paid $178,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $815,476
Other Expenses $1,051,376
TOTAL EXPENSES $1,229,376

Year-over-Year Comparison

2024 2023 Change
Revenue $1,539,690 $1,082,747 +0.4%
Expenses $1,229,376 $978,037 +0.3%
Net Income $310,314 $104,710 +2.0%
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
8
Independent Members
8
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
1
$519,390
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT RICHMOND CHAIR N/A
Director
$0 $0 $0
LORI MAZANEC VICE CHAIR N/A
Director
$0 $0 $0
TREG VYZOUREK SECRETARY N/A
Director
$0 $0 $0
KELLY DRISCOLL TREASURER N/A
Director
$0 $0 $0
KELLY KALKOWSKI DIRECTOR N/A
Director
$0 $0 $0
ROBERT DYER DIRECTOR N/A
Director
$0 $0 $0
AMY BLASER DIRECTOR N/A
Director
$0 $0 $0
MEGAN MCGOWN DIRECTOR N/A
Director
$0 $0 $0
JEREMIAH NORDQUIST PRESIDENT 2.00
Officer
$0 $43,038 $519,390
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 $1,539,690 $1,229,376 $3,118,788 $310,314
2023 $1,082,747 $978,037 $3,012,904 $104,710
2022 $898,018 $779,429 $2,618,411 $118,589
2021 $686,164 $353,533 $3,026,948 $332,631
2020 $365,660 $446,352 $2,837,301 $-80,692
2019 $985,782 $864,237 $2,630,237 $121,545
2018 $691,305 $796,807 $2,379,955 $-105,502
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