Lincoln Cornhuskers Inc

EIN: 470832658 501(c)(3) Recreation & Sports

Lincoln, NE

Total Revenue
$64,635
Total Expenses
$112,025
Total Assets
$7,116
Net Assets
$-106,400
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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
1999
Legal Domicile
NE
Principal Officer
Dan Lesoing
Phone
4024773552
Tax Period
2020-01-01 to 2020-12-31

Lincoln Cornhuskers Inc, founded in 1999, is a micro nonprofit in the Recreation & Sports sector that reported $65K in total revenue in fiscal year 2020. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $112K exceeded revenue, resulting in a 73% operating deficit.

Mission

To provide young women and men of Lincoln Nebraska and surrounding areas the opportunity to participate in an amateur basketball program.

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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 (2020)

Revenue Breakdown

Contributions & Grants $27,000
Program Service Revenue $37,635
Investment Income $0
Other Revenue $0
TOTAL REVENUE $64,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $110,120
Other Expenses $112,025
TOTAL EXPENSES $112,025

Year-over-Year Comparison

2020 2019 Change
Revenue $64,635 $142,394 -0.5%
Expenses $112,025 $127,089 -0.1%
Net Income $-47,390 $15,305 -4.1%
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
2
Independent Members
N/A
Employees
N/A
Volunteers
100

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dan Lesoing President 25.0
Officer Director
$0 $0 $0
Jennifer Lesoing Vice President 5.0
Officer 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
2020 $64,635 $112,025 $7,116 $-47,390
2019 $142,394 $127,089 $10,506 $15,305
2018 $154,962 $170,224 $5,717 $-15,262
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