LINCOLN SPORTS FOUNDATION INC

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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

2004

Legal Domicile

Principal Officer

DAN LESOING

Phone

4024642255

Tax Period

2023-01-01 to 2023-12-31

LINCOLN SPORTS FOUNDATION INC, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $856K in total revenue in fiscal year 2023. Expenses of $967K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF THE LINCOLN SPORTS FOUNDATION IS A COMMITMENT TO DEVELOPING, MENTORING AND TRAINING STUDENT ATHLETES AND THEIR FAMILIES THROUGH PROGRAMS THAT PROVIDE QUALITY COACHING AND FACILITIES ENABLING THEM TO REACH THEIR FULL POTENTIAL AS ATHLETES AND MEMBERS OF THE COMMUNITY REFLECTING OUR VALUES OF HONESTY, INTEGRITY AND A COMMITMENT TO EXCELLENCE, THROUGH THE OPERATION OF THE SPORTS COMPLEX.

Program Service Accomplishments

Program 1

Expenses: $58,987

THE INDOOR TRAINING CENTER IS THE HOME OF THE NEBRASKA SPORTS COUNCIL "CORNHUSKER GAMES." THE OUTDOOR TENNIS COURTS ARE HOME OF NEBRASKA WESLEYAN UNIVERSITY TENNIS TEAMS.

Program 2

Expenses: $613,189 Revenue: $252,252

THE INDOOR SPORTS CENTER PROGRAM PROVIDES ONE OF THE MIDWEST'S LARGEST AND FINEST INDOOR SPORTS CENTERS WITH 4 INDOOR ARENAS OF 28,000 SQUARE FEET EACH. THE INDOOR SPORTS CENTER IS USED BY THE...

THE INDOOR SPORTS CENTER PROGRAM PROVIDES ONE OF THE MIDWEST'S LARGEST AND FINEST INDOOR SPORTS CENTERS WITH 4 INDOOR ARENAS OF 28,000 SQUARE FEET EACH. THE INDOOR SPORTS CENTER IS USED BY THE CAPITAL SOCCER ASSOCIATION AND THE CORNHUSKER SHOOTING STARS TO RUN THEIR PROGRAMS. TRACKVILLE USES THE SHOCK CUSHIONED FLOOR TO RUN THEIR PROGRAMS. TRACKVILLE IS ONE OF THE LARGEST PRIVATELY FOUNDED INDOOR TRACK FOUNDATIONS IN THE MIDWEST. THE INDOOR SPORTS CENTER HAS A TOTAL OF 6 VOLLEYBALL COURTS FOR YEAR AROUND USE. THE CAPITAL SOCCER ASSOCIATION UTILIZES AN ARENA WITH INDOOR SPORTS TURF TO RUN THEIR PROGRAMS IN THE WINTER MONTHS. THE CORNHUSKER SHOOTING STARS YOUTH BASKETBALL PROGRAM UTILIZES TWO ARENAS WITH 6 BASKETBALL COURTS TO RUN THEIR BASKETBALL PROGRAM. THE INDOOR SPORTS CENTER IS ALSO UTILIZED TO RUN BOTH VOLLEYBALL AND BASKETBALL TOURNAMENTS. NO COAST JR. ROLLER DERBY USES MULTICOURT SIDE FOR TRAINING AND MEETS. IN TOTAL, THE INDOOR SPORTS CENTER PROGRAM HAD HUNDREDS OF ATHLETES UTILIZE THE INDOOR SPORTS CENTER DURING THE TAX YEAR.

Program 3

Expenses: $209,380 Revenue: $201,156

THE OUTDOOR SPORTS FIELDS PROGRAM PROVIDES 19 SPORT GRASS TURF PLAYING FIELDS. THE OUTDOOR SPORTS FIELDS ARE USED BY THE NEBRASKA STATE SOCCER ASSOCIATION, NEBRASKA STATE SOCCER LEAGUE, LINCOLN...

THE OUTDOOR SPORTS FIELDS PROGRAM PROVIDES 19 SPORT GRASS TURF PLAYING FIELDS. THE OUTDOOR SPORTS FIELDS ARE USED BY THE NEBRASKA STATE SOCCER ASSOCIATION, NEBRASKA STATE SOCCER LEAGUE, LINCOLN PUBLIC SCHOOLS, LINCOLN RAMPAGE LACROSSE, CAPITAL SOCCER ASSOCIATION, MEGELLIAN SOCCER CLUB, EVOLUTION SOCCER CLUB, SPECIAL OLYMPICS OF NEBRASKA AND THE INTERNATIONAL SOCCER LEAGUE TO RUN THEIR PROGRAMS. IN TOTAL, THE OUTDOOR SPORTS FIELDS PROGRAM HAD HUNDREDS OF ATHLETES UTILIZE THE OUTDOOR SPORTS FIELDS DURING THE TAX YEAR.

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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 $379,750

Program Service Revenue $476,355

Investment Income $0

Other Revenue $70

TOTAL REVENUE $856,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $881,556

Other Expenses $967,187

TOTAL EXPENSES $967,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$856,175	$887,540	0.0%
Expenses	$967,187	$737,150	+0.3%
Net Income	$-111,012	$150,390	-1.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL CULWELL	DIRECTOR	N/A	Director	$0	$0	$0
DAN LESOING	PRESIDENT	N/A	Officer Director	$0	$0	$0
LISA MOORE	SECRETARY	N/A	Officer Director	$0	$0	$0
DANIEL SOLTYS	DIRECTOR	N/A	Director	$0	$0	$0
PATRICK THOMAS	TREASURER	N/A	Officer 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
2023	$856,175	$967,187	$6,330,144	$-111,012
2022	$887,540	$737,150	$6,412,614	$150,390
2021	$1,068,518	$779,809	$6,238,637	$288,709
2020	$808,686	$629,342	$5,952,428	$179,344
2019	$3,074,911	$590,465	$5,647,396	$2,484,446
2018	$211,761	$556,102	$5,268,303	$-344,341