NEBRASKA PHILANTHROPIC TRUST

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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

2019

Legal Domicile

Principal Officer

PATRICK T MORRIS

Phone

4023913190

Tax Period

2023-01-01 to 2023-12-31

NEBRASKA PHILANTHROPIC TRUST, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $2.8M exceeded revenue, resulting in a 82% operating deficit.

Mission

THE INITIAL PURPOSE OF THE ORGANIZATION IS TO ENHANCE THE GENERAL WELFARE OF THE STATE OF NEBRASKA BY PROVIDING FUNDRAISING SUPPORT TO PUBLIC AND CHARITABLE INSTITUTIONS AND BY ASSISTING IN THE CONSTRUCTION OF FACILITIES WHICH WILL ASSIST IN ACHIEVING THAT GOAL. THE ORGANIZATION WAS INVOLVED IN SEVERAL PROJECTS IN 2023, FURTHER DESCRIBED BELOW.

Program Service Accomplishments

Program 1

Expenses: $1,379,372

THE ORGANIZATION WAS INVOLVED IN THE FUNDRAISING AND PROJECT MANAGEMENT FOR A STORAGE BUILDING SUPPORTING BAXTER ARENA FOR THE UNIVERSITY OF NEBRASKA AT OMAHA.

Program 2

Expenses: $297,500

THE ORGANIZATION WAS INVOLVED WITH EVALUATING THE FEASIBILITY OF A WATER LINE TO SUPPORT THE OPERATIONS AT THE STRATEGIC AIR AND SPACE MUSEUM, MAHONEY STATE PARK AND THE HENRY DOORLY ZOO FACILITIES...

Program 3

Expenses: $92,750

THE ORGANIZATION WAS INVOLVED WITH FUNDRAISING ACTIVITIES FOR GO BIG PROJECT.

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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 $387,500

Program Service Revenue $1,063,332

Investment Income $97,722

Other Revenue $0

TOTAL REVENUE $1,548,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $717,886

Fundraising Expenses $385,488

Program Expenses $2,260,474

Other Expenses $2,096,288

TOTAL EXPENSES $2,814,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,548,554	$1,767,990	-0.1%
Expenses	$2,814,174	$393,908	+6.1%
Net Income	$-1,265,620	$1,374,082	-1.9%

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

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

$626,913

Total Directors

$617,671

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W DAVID SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK T MORRIS	PRESIDENT	40.00	Officer Director	$287,585	$23,750	$311,335
SUSAN MORRIS	VICE PRESIDENT	40.00	Officer Director	$272,970	$13,281	$286,251
CE HEANEY	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA ROSKENS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH PILLEN AS OF 112023	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE FRENCH THRU 102023	FORMER DIRECTOR	1.00	Director	$17,308	$2,777	$20,085
ANDREA MARSHALL	CONTROLLER	40.00	Officer	$0	$0	$0
JENNIFER CALLAHAN THRU 3202023	FORMER TREASURER	40.00	Officer	$29,327	$0	$29,327

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	$1,548,554	$2,814,174	$2,997,440	$-1,265,620
2022	$1,767,990	$393,908	$3,209,298	$1,374,082
2021	$1,885,786	$23,613,678	$2,416,213	$-21,727,892
2020	$17,282,515	$15,059	$26,149,330	$17,267,456
2019	$4,131,337	$24,807	$4,758,187	$4,106,530