Lincoln Cornhuskers Inc

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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

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

THE ORGANIZATION PROVIDES YOUNG WOMEN AND MEN, AGES 17 AND YOUNGER, FROM LINCOLN AND SURROUNDING AREAS AN OPPORTUNITY TO PARTICIPATE IN AN AMATEUR BASKETBALL PROGRAM REGARDLESS OF RACE, RELIGION OR ECONOMIC BACKGROUND. GOALS OF THE ORGANIZATION ARE TO BUILD POSITIVE SELF-ESTEEM, LEADERSHIP SKILLS, STRONG WORK ETHIC, TIME MANAGEMENT SKILLS AND THE SPIRIT OF DEDICATION.

Program Service Accomplishments

Program 1

Expenses: $110,120 Revenue: $37,635

Participation in an amateur basketball program regardless of race, religion or economic background. Goals of the organization are to build positive self-esteem, leadership skills, strong work ethic...

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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 (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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

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