CONCORDIA LUTHERAN SCHOOLS OF OMAHA FOUNDATION

EIN: 680529229 501(c)(3) Education

OMAHA, NE

Total Revenue
$183,176
Total Expenses
$30,399
Total Assets
$2,543,520
Net Assets
$2,543,520
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NE
Principal Officer
A WILLIAM KERNEN
Phone
4024454000
Tax Period
2022-07-01 to 2023-06-30

CONCORDIA LUTHERAN SCHOOLS OF OMAHA FOUNDATION, founded in 2002, is a small nonprofit in the Education sector that reported $183K in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 83% operating margin.

Mission

AT CONCORDIA, STUDENTS ARE FAITH SECURE... WORLD READY... KINGDOM LEADERS!

Program Service Accomplishments

Program 1
Expenses: $10,000 Revenue: $0

CLSO FOUNDATION SHALL ASSIST CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC.'S STAFF BY ADVISING ADMISSION STAFF ON ISSUES OF STUDENT RECRUITMENT, RETENTION AND SCHOLARSHIPS.TWO SCHOLARSHIPS WERE GIVEN IN...

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CLSO FOUNDATION SHALL ASSIST CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC.'S STAFF BY ADVISING ADMISSION STAFF ON ISSUES OF STUDENT RECRUITMENT, RETENTION AND SCHOLARSHIPS.TWO SCHOLARSHIPS WERE GIVEN IN THE CURRENT YEAR. NO CHANGES TO THE SCHOLARSHIP PROGRAM OCCURRED.

Program 2
Expenses: $0 Revenue: $0

CLSO FOUNDATION IS ORGANIZED SOLELY AND EXCLUSIVELY TO SUPPORT AND BENEFIT CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC. OF OMAHA, 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 (2022)

Revenue Breakdown

Contributions & Grants $82,235
Program Service Revenue $0
Investment Income $100,941
Other Revenue $0
TOTAL REVENUE $183,176

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $52
Program Expenses $10,000
Other Expenses $20,399
TOTAL EXPENSES $30,399

Year-over-Year Comparison

2022 2021 Change
Revenue $183,176 $106,037 +0.7%
Expenses $30,399 $212,370 -0.9%
Net Income $152,777 $-106,333 -2.4%
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

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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
9

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
5
$263,815
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAYE LYNN SCHAFFART CHAIR 1.00
Officer Director
$0 $0 $0
GAIL HAWKINS VICE CHAIR 1.00
Officer Director
$0 $0 $0
DEL TOEBBEN VICE CHAIR THRU 09/22 1.00
Officer Director
$0 $0 $0
A WILLIAM KERNEN BOARD MEMBER 1.00
Director
$0 $0 $0
LEE HANDKE BOARD MEMBER 1.00
Director
$0 $0 $0
LLOYD PROBASCO BOARD MEMBER 1.00
Director
$0 $0 $0
DAN VEHLE BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDON NEWHOUSE BOARD MEMBER 1.00
Director
$0 $0 $0
SABRINA WEISS BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT COOKSEY PRESIDENT 1.00
Officer
$0 $67,643 $171,664
AARON SAILER TREASURER/SECRETARY 1.00
Officer
$0 $18,950 $92,151
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
2023 $183,176 $30,399 $2,543,520 $152,777
2022 $106,037 $212,370 $2,206,178 $-106,333
2021 $91,530 $246,051 $2,933,299 $-154,521
2020 $357,752 $140,448 $2,542,192 $217,304
2019 $142,810 $215,129 $2,409,768 $-72,319
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