LINCOLN ARTS COUNCIL (EIN 476046691) - 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

1968

Legal Domicile

Principal Officer

ROBERT GOLDBERG

Phone

4024342787

Tax Period

2024-11-01 to 2025-10-31

LINCOLN ARTS COUNCIL, founded in 1968, is a small nonprofit that reported $283K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $96K, a strong 34% operating margin.

Mission

PROMOTE ART/CULTURE IN LINCOLN

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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 $188,623

Program Service Revenue $89,978

Investment Income $4,369

Other Revenue $0

TOTAL REVENUE $282,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,616

Fundraising Expenses $14,201

Program Expenses $95,868

Other Expenses $82,555

TOTAL EXPENSES $187,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,970	$637,493	-0.6%
Expenses	$187,171	$946,388	-0.8%
Net Income	$95,799	$-308,895	-1.3%

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

$37,377

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GOLDBERG	EXECUTIVE DI	40.00	Officer	$36,539	$838	$37,377
JOHN BADAMI	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMANDA BARON	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN BEANS	DIRECTOR	1.00	Director	$0	$0	$0
JOSIAH BURK	TREASURER	2.00	Officer Director	$0	$0	$0
LATURA IDIGIMA	SECRETARY	1.00	Officer Director	$0	$0	$0
GAIL ILLICH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LANDIS	DIRECTOR	1.00	Director	$0	$0	$0
SETH MOCK	DIRECTOR	1.00	Director	$0	$0	$0
LORINDA RICE	DIRECTOR	1.00	Director	$0	$0	$0
ROB SIMON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE WEEKS	DIRECTOR	1.00	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
2025	$282,970	$187,171	$143,871	$95,799
2024	$637,493	$946,388	$49,545	$-308,895
2023	$593,321	$773,914	$382,197	$-180,593
2022	$645,118	$537,186	$540,547	$107,932
2021	$466,184	$417,676	$432,436	$48,508
2020	$494,932	$391,641	$388,159	$103,291
2019	$426,174	$432,566	$284,566	$-6,392
2018	$407,444	$407,844	$290,147	$-400

LINCOLN ARTS COUNCIL