LINCOLN INDEPENDENT BUSINESS ASSOCIATION (EIN 470633720) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

TRAVIS FILING

Phone

4024861040

Tax Period

2023-03-01 to 2024-02-29

LINCOLN INDEPENDENT BUSINESS ASSOCIATION, founded in 1981, is a small nonprofit in the Youth Development sector that reported $263K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $392K exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROVIDE LEADERSHIP AND EDUCATIONAL OPPORTUNITIES TO THE BUSINESS COMMUNITY; TO EDUCATE THE PUBLIC CONCERNING THE VITAL ROLE OF BUSINESS IN CREATION OF MEANINGFUL JOBS, AND IN MEETING THE PAYROLLS THAT ALLOW OUR CITIZENS TO ENJOY QUALITY OF LIFE; TO COMMUINICATE THE CONCERNS OF THE BUSINESS COMMUNITY TO ELECT AND APPOINTED OFFICIALS AT ALL LEVELS OF LOCAL GOVERNMENT; AND TO SUPPORT POLITICAL CANDIDATES WHO UNDERSTAND AND PROMOTE THE FREE ENTERPRISE SYSTEM.

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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 $165,975

Program Service Revenue $0

Investment Income $2,594

Other Revenue $94,655

TOTAL REVENUE $263,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,114

Fundraising Expenses $0

Other Expenses $108,932

TOTAL EXPENSES $392,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,224	$381,889	-0.3%
Expenses	$392,046	$403,677	0.0%
Net Income	$-128,822	$-21,788	+4.9%

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

N/A

Volunteers

N/A

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

$159,371

Total Directors

$159,371

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINCOLN ZEHR	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT BRYANT	DIRECTOR	0.00	Director	$0	$0	$0
WANDA CAFFREY	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT PANZER	VICE CHAIRMAN	0.00	Director	$0	$0	$0
DAVID CHAPIN	DIRECTOR	0.00	Director	$0	$0	$0
CORY HOAGSTROM	DIRECTOR	0.00	Director	$0	$0	$0
JERRY PIGSLEY	GENERAL COUNSEL	0.00	Director	$0	$0	$0
DENNY VAN HORN	DIRECTOR	0.00	Director	$0	$0	$0
ANN POST	COMMITTEE CHAIRMAN	0.00	Director	$0	$0	$0
CARLA ERICKSEN	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT LOCKARD	DIRECTOR	0.00	Director	$0	$0	$0
NANCY LOFTIS	DIRECTOR	0.00	Director	$0	$0	$0
TOM KLEIN	COMMITTEE CHAIRMAN	0.00	Director	$0	$0	$0
RYAN THEIL	DIRECTOR	0.00	Director	$0	$0	$0
DEBBY BREHM	COMMITTEE CHAIRMAN	0.00	Director	$0	$0	$0
MARK WHITEHEAD	BOARD CHAIRMAN	0.00	Director	$0	$0	$0
WANDA CAFFREY	DIRECTOR	0.00	Director	$0	$0	$0
CONNIE HILLIGOSS	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD MCGINNIS	DIRECTOR	0.00	Director	$0	$0	$0
BRUCE BAILEY	DIRECTOR	0.00	Director	$0	$0	$0
DAVID PAULEY	DIRECTOR	0.00	Director	$0	$0	$0
BUD SYNHORST	EXECUTIVE DIRECTOR	40.00	Officer Director	$150,678	$0	$150,678
BRAYDEN MCLAUGHLIN	DIRECTOR	0.00	Director	$0	$0	$0
JOHN WURDEMAN	DIRECTOR	0.00	Director	$0	$0	$0
COLTON ZAMRZLA	DIRECTOR	0.00	Director	$0	$0	$0
JOHN BAYLOR	COMMITTEE CHAIRMAN	0.00	Director	$0	$0	$0
PERRY PIRSCH	COMMITTEE CHAIRMAN	0.00	Director	$0	$0	$0
TRAVIS FILING	EXECUTIVE DIRECTOR	40.00	Officer Director	$8,693	$0	$8,693
PHIL YOUNG	SECRETARY/COMMITTE CHAIRMAN	3.00	Officer	$0	$0	$0
JIM HANSEN	TREASURER	3.00	Officer	$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
2024	$263,224	$392,046	$131,040	$-128,822
2023	$381,889	$403,677	$261,701	$-21,788
2022	$382,059	$325,989	$283,720	$56,070
2021	$366,979	$366,610	$226,557	$369
2020	$400,591	$387,491	$229,056	$13,100
2019	$444,148	$414,264	$214,632	$29,884

LINCOLN INDEPENDENT BUSINESS ASSOCIATION