NEBRASKA MINORITY RESOURCE CENTER

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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

2017

Legal Domicile

Phone

3083602965

Tax Period

2024-01-01 to 2024-12-31

NEBRASKA MINORITY RESOURCE CENTER, founded in 2017, is a micro nonprofit that reported $49K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $221K exceeded revenue, resulting in a 354% operating deficit.

Mission

TO PROVIDE AN ARRAY OF BASIC SERVICES WHICH PROMOTE HEALTHY LIFESTYLES AND GENERATE OPPORTUNITIES FOR THE PEOPLE AND YOUTH, INCLUDING MINORITY FAMILIES AND ELDERS, AND TO INCREASE THE WELLBEING OF THE INDIVIDUALS WE SERVE. NMRC ALSO PROUDLY PROMOTES TRADITIONAL VALUES WHILE CELEBRATING DIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $300,777 Revenue: $48,655

NMRC IS A 501(C)(3) ORGANIZATION LOCATED IN FORDON NE IN THE NORTHERN PANHANDLE AND IS STRUCTURED ON PROVIDING FOR THE BASIC NUTRITIONAL NEEDS, OVERALL HEALTH AND EDUCATION OF UNDERPRIVILEGED...

NMRC IS A 501(C)(3) ORGANIZATION LOCATED IN FORDON NE IN THE NORTHERN PANHANDLE AND IS STRUCTURED ON PROVIDING FOR THE BASIC NUTRITIONAL NEEDS, OVERALL HEALTH AND EDUCATION OF UNDERPRIVILEGED INDICIDUALS WITHIN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $48,655

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $48,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,661

Fundraising Expenses $0

Program Expenses $300,777

Other Expenses $156,116

TOTAL EXPENSES $220,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,655	$60,003	-0.2%
Expenses	$220,777	$229,879	0.0%
Net Income	$-172,122	$-169,876	+0.0%

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

Governance

Voting Members

Independent Members

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR HARVEY	PRESIDENT	N/A	Officer 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	$48,655	$220,777	$52,233	$-172,122