Life Skills of Nebraska Inc

EIN: 470824438 501(c)(3) Employment

Omaha, NE

Total Revenue
$220,950
Total Expenses
$203,741
Total Assets
$67,991
Net Assets
$59,356
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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
2019
Legal Domicile
NE
Principal Officer
Jack E Formanek
Phone
4022900405
Tax Period
2025-01-01 to 2025-12-31

Life Skills of Nebraska Inc, founded in 2019, is a small nonprofit in the Employment sector that reported $221K in total revenue in fiscal year 2025. Expenses of $204K left a modest 8% surplus.

Mission

Discover Your Purpose is a trauma-informed program designed to help incarcerated individuals understand how early adversity shaped their emotional lives, relationships, and choices.

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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 $0
Program Service Revenue $220,950
Investment Income $0
Other Revenue $0
TOTAL REVENUE $220,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,374
Fundraising Expenses $0
Program Expenses $203,741
Other Expenses $165,367
TOTAL EXPENSES $203,741

Year-over-Year Comparison

2025 2024 Change
Revenue $220,950 $214,502 +0.0%
Expenses $203,741 $163,270 +0.2%
Net Income $17,209 $51,232 -0.7%
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
3
Independent Members
3
Employees
1
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jack E Formanek President and CEO 10.00
Officer
$0 $0 $0
Kristine L Sinclair Vice President 10.00
Officer
$0 $0 $0
Linda E Hann Secretary Treasurer 25.00
Officer Highest
$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 $220,950 $203,741 $67,991 $17,209
2024 No data No data No data No data
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