NEBRASKA CENTER FOR WORKFORCE DEVE… - Form 990 Financial Data

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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

JIM VECCHIO

Phone

5312505967

Tax Period

2024-07-01 to 2025-06-30

NEBRASKA CENTER FOR WORKFORCE DEVELOPMENT & EDUCATION, founded in 2018, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum.

Mission

THIS ORGANIZATION IS A NONPROFIT FOCUSED ON INCREASING THE QUALIFIED WORKFORCE IN NEBRASKA, SPECIFICALLY WITHIN THE TRADES AND GROWING THE TRADES' WORKFORCE TO SUPPORT THE INFRASTRUCTURE OF THE STATE OF NEBRASKA.

Program Service Accomplishments

Program 1

Expenses: $1,246,936 Revenue: $1,610,969

INCREASE THE QUALIFIED WORKFORCE IN 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,710,969

Program Service Revenue $0

Investment Income $6,605

Other Revenue $9,090

TOTAL REVENUE $1,726,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,054,956

Fundraising Expenses $241,711

Program Expenses $1,246,936

Other Expenses $633,990

TOTAL EXPENSES $1,688,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,726,664	$920,370	+0.9%
Expenses	$1,688,946	$825,028	+1.0%
Net Income	$37,718	$95,342	-0.6%

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

Total Directors

$141,277

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM VECCHIO	CHIEF EXECUTIVE OFFICER	40.00	Director	$141,277	$0	$141,277
TIM BENAK	CHAIRMAN	0.50	Director	$0	$0	$0
DARREN GARREAN	SECRETARY	0.50	Director	$0	$0	$0
RON KAMINSKI	DIRECTOR	0.50	Director	$0	$0	$0
TONY CONNOR	DIRECTOR	0.50	Director	$0	$0	$0
DOMINIC VACCARO	DIRECTOR	0.50	Director	$0	$0	$0
NICHOLAS STARK	TREASURER	0.50	Director	$0	$0	$0
SARA KOHEN	EDUCATION REPRESENTATIVE	0.50	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
2025	$1,726,664	$1,688,946	$2,257,340	$37,718
2023	$1,360,074	$1,286,023	$581,503	$74,051
2022	$1,535,551	$1,053,107	$563,775	$482,444
2021	$781,861	$794,641	$28,363	$-12,780
2020	$311,224	$344,724	$41,143	$-33,500
2019	$439,774	$368,486	$75,704	$71,288

NEBRASKA CENTER FOR WORKFORCE DEVELOPMENT & EDUCATION