Vera Rasmussen Irrevocable Trust

EIN: 476132453 501(c)(3) Religion

Omaha, NE

Total Revenue
$168,217
Total Expenses
$193,933
Total Assets
$2,608,923
Net Assets
$2,608,923
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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
1982
Legal Domicile
NE
Principal Officer
Audrea Kappert
Phone
4028276954
Tax Period
2024-01-01 to 2024-12-31

Vera Rasmussen Irrevocable Trust, founded in 1982, is a small nonprofit in the Religion sector that reported $168K in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. Expenses of $194K exceeded revenue, resulting in a 15% operating deficit.

Mission

Provide support for Unity Church of Omaha

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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 $0
Investment Income $168,217
Other Revenue $0
TOTAL REVENUE $168,217

Expense Breakdown

Grants Paid $168,000
Salaries & Benefits $16,224
Fundraising Expenses $0
Program Expenses $168,000
Other Expenses $9,709
TOTAL EXPENSES $193,933

Year-over-Year Comparison

2024 2023 Change
Revenue $168,217 $85,280 +1.0%
Expenses $193,933 $194,031 0.0%
Net Income $-25,716 $-108,751 -0.8%
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

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
1
Independent Members
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Union Bank Trust Company Trustee 5.0
$16,224 $0 $16,224
Jerry Imig Finance Committee 5.0
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
2025 No data No data No data No data
2024 $168,217 $193,933 $2,608,923 $-25,716
2023 $85,280 $194,031 $2,595,270 $-108,751
2022 $76,802 $233,378 $2,571,667 $-156,576
2021 $275,991 $390,854 $3,095,869 $-114,863
2020 $122,677 $227,840 $3,127,618 $-105,163
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