DOWNTOWN LINCOLN ASSOCIATION

EIN: 470606379

LINCOLN, NE

Total Revenue
$2,334,527
Total Expenses
$1,739,727
Total Assets
$1,417,235
Net Assets
$825,308
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NE
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.

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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 $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

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Governance

Voting Members
8
Independent Members
8
Employees
47
Volunteers
8

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
8
$191,143
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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