Omaha Multi Sport Complex

Nonprofit profile at a glance

EIN
455587726
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Omaha, NE, USA
Phone
4023345000
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Sports Associations &Training Facilities

Official website

Reported finances

Revenue
$2,817,646
Expenses
$3,174,556
Assets
$35,956,259
Liabilities
$10,776,501

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • MICHAEL CASSLING (BOARD CHAIR)
  • LISA ROSKENS (TREASURER/SECRETARY)
  • DEAN HOLLIS (MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide people of all ages with high-quality, year-round facilities needed to pursue a healthy lifestyle and competitive goals, as well as host regional and national sporting events that will have significant and recurring economic impact for the metropolitan area.

What it reported doing in 2024

To develop, construct and operate a championship athletic park for use by the greater omaha area and state of Nebraska. The Nebraska multisport complex (nmsc) consists of indoor and outdoor facilities, including a natatorium with five bodies of water, a tennis center with 6 indoor and 6 outdoor courts and 1 double and 3 single squash courts, a fieldhouse with an indoor soccer field and a support center featuring administrative offices and a sports performance center used for athletic training, physical therapy, rehab therapy and biomechanics. Within the natatorium and tennis center there will be 3,000 and 800 permanent seats, respectively. The outdoor facilities will include 12 regulation artificial turf soccer fields. These fields will be lit for evening play and multi-lined to accommodate soccer, lacrosse and field hockey. Additionally, there will be three satellite buildings with restrooms, concessions, tournament services space and playgrounds. Other outdoor facilities will include a competitive 50m x 25yd x 8 lane swimming pool (the 2012 us olympic trials pool), and a children's recreation pool. There will be more than 1,800 parking spaces within the athletic campus with an additional 1,300 spots available in the adjacent business park for major events. At this time, nmsc is in the process of raising the funds necessary to complete construction of this facility.

Operating model

Revenue model
Donor-supported. 65% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 92
  • Accountability: 47
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.7%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.7%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 11.33; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 20% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 11.6% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 17.7% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.7% of spending went to programs
  • Governance: 2 of 4 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $3.2M in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Highest-paid contractors: 2 contractors listed · $221K reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Independent voting board scored 50/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.