Nebraska Bankers Assn Voluntary Employees Beneficiary Association

EIN: 476092059

LINCOLN, NE

Total Revenue
$82,743,122
Total Expenses
$95,459,421
Total Assets
$73,614,260
Net Assets
$4,176,554
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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
1974
Legal Domicile
NE
Phone
4024741555
Tax Period
2024-01-01 to 2024-12-31

Nebraska Bankers Assn Voluntary Employees Beneficiary Association, founded in 1974, is a mid-sized nonprofit that reported $82.7M in total revenue in fiscal year 2024. Expenses of $95.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION

Program Service Accomplishments

Program 1

PROVIDED GROUP HEALTH, DENTAL VISION, LIFE AND DISABILITY COVERAGE TO EMPLOYEES OF NBA MEMBER BANKS. OVER 10,000 EMPLOYEES AND DEPENDENTS WERE COVERED UNDER GROUP HEALTH INSURANCE PLANS ADMINISTERED...

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PROVIDED GROUP HEALTH, DENTAL VISION, LIFE AND DISABILITY COVERAGE TO EMPLOYEES OF NBA MEMBER BANKS. OVER 10,000 EMPLOYEES AND DEPENDENTS WERE COVERED UNDER GROUP HEALTH INSURANCE PLANS ADMINISTERED BY BLUE CROSS BLUE SHIELD OF NEBRASKA. DENTAL, VISION, LIFE AND DISABILITY INSURANCE PLANS ARE FULLY INSURED BY THE MET LIFE INSURANCE COMPANY.

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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 $0
Program Service Revenue $81,697,994
Investment Income $501,102
Other Revenue $544,026
TOTAL REVENUE $82,743,122

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,796
Fundraising Expenses $0
Program Expenses $0
Other Expenses $4,772,372
TOTAL EXPENSES $95,459,421

Year-over-Year Comparison

2024 2023 Change
Revenue $82,743,122 $79,527,091 +0.0%
Expenses $95,459,421 $84,374,660 +0.1%
Net Income $-12,716,299 $-4,847,569 +1.6%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN ESCH VICE CHAIR 1.0
Officer Director
$0 $0 $0
DALLEN GEORGE PAST CHAIR 1.0
Officer Director
$0 $0 $0
KATY WOLF BODE CHAIR 1.0
Officer Director
$0 $0 $0
JASON SMITH TRUSTEE 1.0
Director
$0 $0 $0
JEFF VARNEY TRUSTEE 1.0
Director
$0 $0 $0
KIMBERLY SCHROLL TRUSTEE 1.0
Director
$0 $0 $0
MARK JOY TRUSTEE 1.0
Director
$0 $0 $0
MIKE HECKER TRUSTEE 1.0
Director
$0 $0 $0
RICHARD CHOCHON TRUSTEE 1.0
Director
$0 $0 $0
SUSAN KORANDA TRUSTEE 1.0
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
2024 $82,743,122 $95,459,421 $73,614,260 $-12,716,299
2023 $79,527,091 $84,374,660 $84,650,163 $-4,847,569
2022 $72,017,098 $73,563,173 $73,057,486 $-1,546,075
2021 $65,829,538 $68,832,086 $70,969,122 $-3,002,548
2020 $65,223,796 $60,760,606 $72,480,052 $4,463,190
2019 $64,669,823 $64,259,394 $59,907,376 $410,429
2018 $57,571,428 $59,456,970 $60,496,317 $-1,885,542
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