OELC AT KENNEDY QALICB (EIN 831550948) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

ERIC BUCHANAN

Phone

4025408749

Tax Period

2023-01-01 to 2023-12-31

OELC AT KENNEDY QALICB, founded in 2018, is a small nonprofit in the Education sector that reported $108K in total revenue in fiscal year 2023. Expenses of $530K exceeded revenue, resulting in a 390% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED TO HOLD AND MANAGE CERTAIN REAL ESTATE AND PERSONAL PROPERTY ON WHICH THE SUPPORTED ORGANIZATION, EDUCARE OF OMAHA, INC., CARRIES OUT ITS EXEMPT ACTIVITIES.

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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 $108,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $108,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $512,873

Other Expenses $529,655

TOTAL EXPENSES $529,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,000	$108,000	N/A
Expenses	$529,655	$524,234	+0.0%
Net Income	$-421,655	$-416,234	+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

Employees

N/A

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

$221,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BUCHANAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DAVID SHRADER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DWIGHT LANG	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RAFEL HART	EDUCARE OF OMAHA EXECUTIVE DIRECTOR	1.00	Officer	$0	$16,614	$221,370

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	$108,000	$529,655	$12,669,704	$-421,655
2022	$108,000	$524,234	$13,071,042	$-416,234
2021	$106,000	$521,219	$13,466,959	$-415,219
2020	$2,570,618	$443,338	$13,861,862	$2,127,280
2019	$1,831,648	$185,195	$12,737,279	$1,646,453
2018	$250,048	$61,536	$10,394,303	$188,512

OELC AT KENNEDY QALICB