LAKE CUNNINGHAM DEVELOPMENT TRUST

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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

2018

Legal Domicile

Principal Officer

MICKEY ANDERSON

Phone

4029345656

Tax Period

2023-01-01 to 2023-12-31

LAKE CUNNINGHAM DEVELOPMENT TRUST, founded in 2018, is a small nonprofit in the Environment sector that reported $893K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 86% operating deficit.

Mission

THE LAKE CUNNINGHAM DEVELOPMENT TRUST WAS ORGANIZED TO RAISE CAPITAL TO DEVELOP AND ENHANCE THE RECREATIONAL INFRASTRUCTURE AT GLENN CUNNINGHAM LAKE, A CITY PARK IN OMAHA, NEBRASKA, TO MAKE THE LAKE AND SURROUNDING GROUNDS MORE ATTRACTIVE AND ACCESSIBLE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $740,861 Revenue: $451,917

IMPROVE AMENITIES OF THE PARK ALONG WITH INCREASING PARK SAFETY AND USAGE

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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 (2023)

Revenue Breakdown

Contributions & Grants $439,232

Program Service Revenue $451,917

Investment Income $773

Other Revenue $1,122

TOTAL REVENUE $893,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $775,934

Fundraising Expenses $188,335

Program Expenses $740,861

Other Expenses $886,538

TOTAL EXPENSES $1,662,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$893,044	$2,290,984	-0.6%
Expenses	$1,662,472	$2,100,396	-0.2%
Net Income	$-769,428	$190,588	-5.0%

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

300

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

$226,642

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICKEY ANDERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
BILL SINGER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL FERNEN	TREASURER	2.00	Officer Director	$0	$0	$0
ERIC TIRTILLI	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICK ALSTON	DIRECTOR	2.00	Director	$0	$0	$0
LISA ROSKENS	DIRECTOR	2.00	Director	$0	$0	$0
ANNE FOLKERS	DIRECTOR	2.00	Director	$0	$0	$0
BROOK BENCH	EXECUTIVE DIRECTOR	40.00	Director	$188,712	$37,930	$226,642

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$893,044	$1,662,472	$5,665,476	$-769,428
2022	$2,290,984	$2,100,396	$2,540,775	$190,588
2021	$8,194,435	$4,474,778	$3,688,458	$3,719,657
2020	$10,777,600	$10,659,606	$1,549,420	$117,994
2019	$4,029,511	$5,049,392	$234,882	$-1,019,881
2018	$1,010,001	$1,549,834	$13,666	$-539,833