EDUCARE OF LINCOLN INC

EIN: 460568146 501(c)(3) Education

LINCOLN, NE

Total Revenue
$3,773,891
Total Expenses
$5,108,527
Total Assets
$11,567,617
Net Assets
$11,091,537
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NE
Principal Officer
DAN FARNWORTH
Phone
4024583171
Tax Period
2024-07-01 to 2025-06-30

EDUCARE OF LINCOLN INC, founded in 2012, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $5.1M exceeded revenue, resulting in a 35% operating deficit.

Mission

EARLY CHILDHOOD CENTER THAT PROVIDES ALL-DAY, YEAR-ROUND CARE AND EDUCATION FOR ECONOMICALLY DISADVANTAGED CHILDREN FROM BIRTH TO AGE FIVE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,611,110
Program Service Revenue $4,055
Investment Income $166,512
Other Revenue $-7,786
TOTAL REVENUE $3,773,891

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,689,951
Fundraising Expenses $179,169
Program Expenses $4,243,137
Other Expenses $1,418,576
TOTAL EXPENSES $5,108,527

Year-over-Year Comparison

2024 2023 Change
Revenue $3,773,891 $7,107,386 -0.5%
Expenses $5,108,527 $4,610,485 +0.1%
Net Income $-1,334,636 $2,496,901 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
92
Volunteers
30

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
4
$208,940
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
QUENTIN BROWN EXECUTIVE DIRECTOR 40.00
Officer
$192,099 $16,841 $208,940
DAN FARNWORTH BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JESSIE RASMUSSEN TREASURER 1.00
Officer Director
$0 $0 $0
KARI SCHMITZ SECRETARY 1.00
Officer Director
$0 $0 $0
DIANE TEMME MEMBER 1.00
Director
$0 $0 $0
LORENZO BALL JR MEMBER 1.00
Director
$0 $0 $0
SHELLEY SAHLING-ZART MEMBER 1.00
Director
$0 $0 $0
JASON PROKOP MEMBER 1.00
Director
$0 $0 $0
JACK DOUGLAS MEMBER 1.00
Director
$0 $0 $0
DR PAUL GAUSMAN MEMBER 1.00
Director
$0 $0 $0
TAMMY WARD MEMBER 1.00
Director
$0 $0 $0
MIKE GILLOTTI MEMBER 1.00
Director
$0 $0 $0
DARIN HANIGAN MEMBER 1.00
Director
$0 $0 $0
FARIHA MOHMAND MEMBER 1.00
Director
$0 $0 $0
NICK PACE MEMBER 1.00
Director
$0 $0 $0
HOLLY WILHITE MEMBER 1.00
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 $3,773,891 $5,108,527 $11,567,617 $-1,334,636
2024 $7,107,386 $4,610,485 $12,727,367 $2,496,901
2023 $4,561,028 $4,227,585 $10,158,544 $333,443
2022 $4,345,796 $3,956,071 $9,932,729 $389,725
2021 $3,754,582 $3,451,938 $9,488,373 $302,644
2020 $4,051,271 $3,439,916 $2,384,045 $611,355
2019 $3,996,749 $3,440,021 $1,377,965 $556,728
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