Life Skills of Nebraska Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $203,741

Thruough structured psychoeducational sessions, participants explore the roots of unhealthy coping mechanisms, recognize how these patterns contributed to incarceration, and learn practical skills...

Thruough structured psychoeducational sessions, participants explore the roots of unhealthy coping mechanisms, recognize how these patterns contributed to incarceration, and learn practical skills for emotional regulation, distress tolerance, and mindful awareness. By fostering accountability, respectful relationships, and inner stability, the program supports participants in building safer, more secure, and purpose-driven lives- both inside and beyond correctional settings.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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