University Village Development Corporation of Kearney (EIN 842247815) - 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

2015

Legal Domicile

Phone

3088658524

Tax Period

2024-04-01 to 2025-03-31

University Village Development Corporation of Kearney, founded in 2015, is a small nonprofit in the Education sector that reported $512K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $373K, a strong 73% operating margin.

Mission

University Village Development Corporation of Kearney (UVDCK) is focused on improvement, development, and operation of underutilized land near the University of Nebraska - Kearney (UNK) campus to unite the university and community into one integrated experience.

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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 $95,189

Program Service Revenue $0

Investment Income $6,388

Other Revenue $410,290

TOTAL REVENUE $511,867

Expense Breakdown

Grants Paid $86,526

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $131,510

Other Expenses $52,159

TOTAL EXPENSES $138,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$511,867	$680,021	-0.2%
Expenses	$138,685	$549,440	-0.7%
Net Income	$373,182	$130,581	+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

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

$419,263

Total Directors

$844,288

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joey Cochran	Vice Chairman	1.0	Officer Director	$0	$0	$0
Jon Watts	Treasurer	2.0	Officer Director	$0	$44,048	$281,241
Reed Miller	Chairman	1.0	Officer Director	$0	$0	$0
Doug Kristensen	Director	1.0	Director	$0	$43,988	$456,763
Megan Goeke	Director	1.0	Director	$0	$33,406	$106,284
Michael Christen	Executive Director/Secretary	19.0	Officer	$0	$19,324	$138,022
Alan Wedige	Project Manager	2.0	Highest	$0	$28,300	$131,331

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	$511,867	$138,685	$10,398,306	$373,182
2024	$680,021	$549,440	$9,587,055	$130,581
2023	$462,985	$653,011	$9,546,641	$-190,026
2022	$284,115	$236,854	$1,527,482	$47,261

University Village Development Corporation of Kearney