LINCOLN CHAMBER ECONOMIC DEVELOPMENT COR (EIN 476036618) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

JASON BALL

Phone

4024362350

Tax Period

2024-01-01 to 2024-12-31

LINCOLN CHAMBER ECONOMIC DEVELOPMENT COR, founded in 1996, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO PROMOTE THE RETENTION, EXPANSION, AND LOCATION OF HIGH-INCOME JOBS AND NEW ECONOMY INDUSTRIES TO THE REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,534,799

Program Service Revenue $741,590

Investment Income $3,288

Other Revenue $2,900

TOTAL REVENUE $2,282,577

Expense Breakdown

Grants Paid $570,000

Salaries & Benefits $1,140,157

Fundraising Expenses $0

Other Expenses $587,671

TOTAL EXPENSES $2,297,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,282,577	$2,724,244	-0.2%
Expenses	$2,297,828	$2,824,525	-0.2%
Net Income	$-15,251	$-100,281	-0.8%

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

Employees

Volunteers

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

$410,037

Total Directors

Key Employees

$189,604

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA UDELL	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE KEISLER-MUNRO	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JAROSZ	DIRECTOR	1.00	Director	$0	$0	$0
BRAD SMITH	DIRECTOR	1.00	Director	$0	$0	$0
RUSS GRONEWOLD	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN KURTZER	DIRECTOR	1.00	Director	$0	$0	$0
TYLER DEJONG	DIRECTOR	1.00	Director	$0	$0	$0
TONN OSTERGARD	DIRECTOR	1.00	Director	$0	$0	$0
TOM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE HARDER	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
NATE MCKOWN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG DUIS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LOCKARD	DIRECTOR	1.00	Director	$0	$0	$0
JESSE VOLPP	DIRECTOR	1.00	Director	$0	$0	$0
DAN MLNARIK	DIRECTOR	1.00	Director	$0	$0	$0
MARK KETCHAM	DIRECTOR	1.00	Director	$0	$0	$0
NOAH GREENWALD	DIRECTOR	1.00	Director	$0	$0	$0
JASON HELLBUSCH	DIRECTOR	1.00	Director	$0	$0	$0
LISA HALE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HARING	DIRECTOR	1.00	Director	$0	$0	$0
TRACY EDGERTON	DIRECTOR	1.00	Director	$0	$0	$0
LEO SCHUMACHER	DIRECTOR	1.00	Director	$0	$0	$0
MARC LEBARON	DIRECTOR	1.00	Director	$0	$0	$0
AVA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
BOB CLADWELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TERRY HEIMES	CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN OLSSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LAFLIN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
DEREK ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
DAN VOKOUN	DIRECTOR	1.00	Director	$0	$0	$0
CLAY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BRETT THOME	DIRECTOR	1.00	Director	$0	$0	$0
TODD FURASEK	DIRECTOR	1.00	Director	$0	$0	$0
MEAGAN LIESVELD	DIRECTOR	1.00	Director	$0	$0	$0
SHERRI JONES	DIRECTOR	1.00	Director	$0	$0	$0
BOB BALFANY	DIRECTOR	1.00	Director	$0	$0	$0
MONTE FROEHLICH	DIRECTOR	1.00	Director	$0	$0	$0
JASON BALL	PRESIDENT	17.20	Officer	$120,895	$19,922	$301,073
RON KALKWARF	DIRECTOR OF FINANCE	8.00	Officer	$18,627	$8,327	$108,964
BRUCE BOHRER	VP OF ECONOMIC DEVELOPMENT	2.00	Key Emp	$8,310	$16,389	$189,604
LUCAS PELTZ	VICE PRESIDENT	40.00	Highest	$153,244	$11,057	$164,301
DEREK FEYERHERM	SENIOR DIRECTOR	8.00	Highest	$23,687	$9,962	$146,438
JEFFERY MAUL	EXECUTIVE DIRECTOR VICE PRESIDENT	0.00	Highest	$0	$11,163	$157,248
KATHY ANDERSEN	DIRECTOR OF INNOVATION	40.00	Highest	$100,328	$7,777	$108,105

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
2024	$2,282,577	$2,297,828	$1,103,436	$-15,251
2023	$2,724,244	$2,824,525	$1,118,686	$-100,281
2022	$2,088,976	$2,026,153	$1,218,967	$62,823
2021	$1,740,188	$1,736,787	$1,156,144	$3,401
2020	$1,951,924	$1,865,981	$1,152,743	$85,943
2019	$1,792,534	$1,859,609	$1,066,800	$-67,075
2018	$1,780,501	$1,751,246	$1,133,875	$29,255

LINCOLN CHAMBER ECONOMIC DEVELOPMENT COR