THE LOFTE ASSOCIATION INC

EIN: 470635951 501(c)(3)

MANLEY, NE

Total Revenue
$537,512
Total Expenses
$416,678
Total Assets
$2,031,106
Net Assets
$717,609
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NE
Principal Officer
AARON SPRACKLIN
Phone
4022342553
Tax Period
2025-01-01 to 2025-12-31

THE LOFTE ASSOCIATION INC, founded in 1976, is a small nonprofit that reported $538K in total revenue in fiscal year 2025. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 22% operating margin.

Mission

DEDICATED TO PROVIDING OPPORTUNITIES FOR AREA RESIDENTS OF ALL AGES AND THOSE IN THE SURROUNDING COMMUNITIES TO PARTICIPATE IN THE CREATIVE PROCESS AND COMPANIONSHIP OF LIVE THEATER IN RURAL NEBRASKA AND TO ENJOY THE SOCIAL, ARTISTIC, AND EDUCATIONAL BENEFITS OF THIS ART FORM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $334,971
Program Service Revenue $175,899
Investment Income $861
Other Revenue $25,781
TOTAL REVENUE $537,512

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,870
Fundraising Expenses $6,075
Program Expenses $258,207
Other Expenses $331,808
TOTAL EXPENSES $416,678

Year-over-Year Comparison

2025 2024 Change
Revenue $537,512 $401,062 +0.3%
Expenses $416,678 $415,206 +0.0%
Net Income $120,834 $-14,144 -9.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
3
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
5
$57,309
Total Directors
14
$16,209
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTA DUNKER SECRETARY/DI N/A
Officer Director
$0 $0 $0
KEN PATRY TREASURER/DI 2.00
Officer Director
$0 $0 $0
JEAN COLBERT DIRECTOR/BOX 4.00
Director
$9,494 $0 $9,494
ANNE RIHA VP/DIRECTOR N/A
Officer Director
$0 $0 $0
JEFF TERESA FRIELDS DIRECTOR N/A
Director
$0 $0 $0
PAT HEATHER DIRECTOR N/A
Director
$0 $0 $0
KEVIN COLBERT ARTISTIC DIR 40.00
Officer
$54,000 $0 $54,000
APRIL COVER DIRECTOR N/A
Director
$0 $0 $0
ALEX GEDITZ DIRECTOR N/A
Director
$0 $0 $0
NICK HAUSSLER DIRECTOR 2.00
Director
$2,106 $0 $2,106
DANIIELLE THIES DIRECTOR 2.00
Director
$1,300 $0 $1,300
CONNOR WILLINGHAM DIRECTOR N/A
Director
$0 $0 $0
AARON SPRACKLIN PRESIDENT/DI 2.00
Officer Director
$3,309 $0 $3,309
ALYSSA ROSECRANS DIRECTOR N/A
Director
$0 $0 $0
AMANDA CHARLES DIRECTOR N/A
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 $537,512 $416,678 $2,031,106 $120,834
2024 No data No data No data No data
2023 $391,888 $352,524 $1,980,738 $39,364
2022 $317,994 $358,522 $1,959,410 $-40,528
2021 $404,795 $347,774 $2,014,323 $57,021
2020 $335,755 $282,550 $1,895,811 $53,205
2019 $331,398 $380,135 $1,910,864 $-48,737
2018 $325,051 $351,432 $1,997,484 $-26,381
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