EDUCARE OF OMAHA INC

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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

2001

Legal Domicile

Principal Officer

RAFEL HART

Phone

4025616190

Tax Period

2023-01-01 to 2023-12-31

EDUCARE OF OMAHA INC, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $15.2M in total revenue in fiscal year 2023. Expenses of $17.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

WE BELIEVE EVERYONE DESERVES A FAIR CHANCE TO ACHIEVE THEIR DREAMS, AND IT STARTS BY LEVELING THE PLAYING FIELD FROM THE DAY WE ARE BORN. BY PROVIDING HIGH-QUALITY EARLY EDUCATION AND EMPOWERING PARENTS AS THEIR CHILD'S FIRST AND BEST TEACHERS, WE ENSURE YOUNG CHILDREN IN OUR COMMUNITY HAVE THE BEST POSSIBLE CHANCE FOR SUCCESS IN LIFE.

Program Service Accomplishments

Program 1

Expenses: $7,526,988 Revenue: $221,013

PROGRAM OPERATION: OPERATE EARLY CHILDHOOD PROGRAMS FOCUSING ON DEVELOPMENT OF LITERACY SKILLS AND IDENTIFICATION OF DEVELOPMENTAL PROBLEMS FOR CHILDREN AT-RISK. LONGITUDINAL RESEARCH: TO DETERMINE THE VALUE OF THIS PROGRAM IN CONJUNCTION WITH THE UNIVERSITY OF NORTH CAROLINA. PARTNERSHIP BUILDING: FORM EFFECTIVE PARTNERSHIPS BETWEEN OMAHA PUBLIC SCHOOLS AND OMAHA PUBLIC SCHOOLS HEAD START, AND MODEL THE PROGRAM AFTER CHICAGO'S EDUCARE PROGRAM.

Program 2

Expenses: $6,266,445 Revenue: $3,101,491

EDUCARE OPERATES THREE EARLY LEARNING CENTERS THAT PROVIDE DATA-DRIVEN PRACTICES, ONGOING PROFESSIONAL DEVELOPMENT, HIGH-QUALITY TEACHING PRACTICES AND INTENSIVE FAMILY ENGAGEMENT. EDUCARE WILL SERVE AS THE FIRST STAGE OF BIRTH TO THREE FOR SOME OF OMAHA'S MOST AT-RISK YOUNG CHILDREN AND FAMILIES, WITH SPECIAL FOCUS ON THE UNDERSERVED POPULATION 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,888,942

Program Service Revenue $3,322,504

Investment Income $27,830

Other Revenue $0

TOTAL REVENUE $15,239,276

Expense Breakdown

Grants Paid $108,000

Salaries & Benefits $13,694,515

Fundraising Expenses $0

Program Expenses $13,793,433

Other Expenses $3,197,176

TOTAL EXPENSES $16,999,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,239,276	$15,213,810	+0.0%
Expenses	$16,999,691	$16,774,330	+0.0%
Net Income	$-1,760,415	$-1,560,520	+0.1%

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

320

Volunteers

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

$376,119

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAFEL HART	EXECUTIVE DIRECTOR	40.00	Officer	$204,756	$16,614	$221,370
JAMALIA JONES	SENIOR OPERATIONS DIRECTOR	40.00	Highest	$149,356	$15,619	$164,975
SHARLENE MENGLE	PROGRAM DIRECTOR	40.00	Highest	$125,865	$4,675	$130,540
MARK SWANSON	DIRECTOR OF FISCAL SERVICE	40.00	Officer	$128,894	$25,855	$154,749
JESSE RASMUSSEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC BUCHANAN	VICE PRESIDENT	2.00	Director	$0	$0	$0
DON ERIKSON	TREASURER	1.00	Officer Director	$0	$0	$0
TINA AMES	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBORA WISNESKI	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN MICEK VARGAS	DIRECTOR	1.00	Director	$0	$0	$0
EMMA SAVORY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW RAY	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE FESTERSEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ZIOLA	DIRECTOR	1.00	Director	$0	$0	$0
YANIRA CANO	DIRECTOR	1.00	Director	$0	$0	$0
APOLLONIA GRANDI-AVINA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN RIVERA	DIRECTOR	1.00	Director	$0	$0	$0
CESAR GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY TRACEY	DIRECTOR	1.00	Director	$0	$0	$0
Y KAMAAL PATTERSON	DIRECTOR (THRU 01/23)	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
2024	No data	No data	No data	No data
2023	$15,239,276	$16,999,691	$15,611,377	$-1,760,415
2022	$15,213,810	$16,774,330	$17,473,873	$-1,560,520
2021	$14,431,941	$16,520,687	$19,410,966	$-2,088,746
2020	$20,047,086	$15,164,715	$22,031,822	$4,882,371
2019	$7,300,147	$8,164,989	$2,466,323	$-864,842
2018	$9,524,773	$7,654,606	$3,321,304	$1,870,167