DOWNTOWN LINCOLN ASSOCIATION

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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

1967

Legal Domicile

Principal Officer

TODD OGDEN

Phone

4024346900

Tax Period

2024-09-01 to 2025-08-31

DOWNTOWN LINCOLN ASSOCIATION, founded in 1967, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $595K, a strong 25% operating margin.

Mission

THE DOWNTOWN LINCOLN ASSOCIATION PROVIDES SERVICES AND CHAMPIONS INITIATIVES FOR MAINTAINING AND ENHANCING OUR VIBRANT DOWNTOWN.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDES CONTRACT ADMINISTRATIVE, PERSONNEL AND RELATED OPERATING SERVICES AS WELL AS OFFICE AND STORAGE SPACE FOR RELATED NOT- FOR-PROFIT CORPORATIONS IN LINCOLN, 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 $747,381

Program Service Revenue $1,570,608

Investment Income $15,265

Other Revenue $1,273

TOTAL REVENUE $2,334,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,427,798

Fundraising Expenses $0

Other Expenses $311,929

TOTAL EXPENSES $1,739,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,334,527	$1,572,336	+0.5%
Expenses	$1,739,727	$1,511,028	+0.2%
Net Income	$594,800	$61,308	+8.7%

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

$191,143

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM KLEIN	CHAIR	1.00	Officer Director	$0	$0	$0
BRYANT BONE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
KAYLEN AKERT	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
STEPHANIE DINGER	TREASURER	1.00	Officer Director	$0	$0	$0
LYNNETTE NELSON	ASSISTANT TR	1.00	Officer Director	$0	$0	$0
ANN RINGLEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON STITT	DIRECTOR	1.00	Director	$0	$0	$0
GREG FRAYSER	DIRECTOR	1.00	Director	$0	$0	$0
TODD OGDEN	PRESIDENT &	40.00	Officer	$97,908	$8,999	$106,907
LORNA PARKS	VP OF FINANC	40.00	Officer	$73,961	$10,275	$84,236

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	$2,334,527	$1,739,727	$1,417,235	$594,800
2024	$1,572,336	$1,511,028	$1,207,619	$61,308
2023	$1,244,833	$1,247,946	$406,398	$-3,113
2022	$1,116,846	$1,115,562	$222,402	$1,284
2021	$1,031,735	$1,028,561	$211,705	$3,174
2020	$982,996	$971,665	$205,461	$11,331
2019	$1,029,254	$1,024,129	$193,954	$5,125
2018	$970,282	$1,006,402	$187,231	$-36,120