LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC (EIN 843635858) - 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

2019

Legal Domicile

Phone

2178711439

Tax Period

2023-01-01 to 2023-12-31

LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $95K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $139K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROMOTE, FOSTER AND STRENGTHEN THE ECONOMIC HEALTH AND PROSPERITY OF THE GREATER LINCOLN COMMUNITIES AND ITS CITIZENS BY PARTNERING WITH CURRENT EMPLOYERS TO RETAIN AND GROW EMPLOYMENT AND BY PROMOTING OPPORTUNITIES FOR NEW EMPLOYMENT AND ENTREPRENEURSHIP.

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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 $92,644

Program Service Revenue $0

Investment Income $2,252

Other Revenue $0

TOTAL REVENUE $94,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,262

Fundraising Expenses $13,902

Program Expenses $111,247

Other Expenses $27,795

TOTAL EXPENSES $139,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,896	$228,006	-0.6%
Expenses	$139,057	$135,916	+0.0%
Net Income	$-44,161	$92,090	-1.5%

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

N/A

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

$99,879

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA RUNGE	CEO	40.00	Director	$99,879	$0	$99,879
CALE WEST	Director	1.00	Director	$0	$0	$0
CHRIS GRAUE	Director	1.00	Director	$0	$0	$0
BECKY STRAIT	Director	1.00	Director	$0	$0	$0
PATRICK DOOLIN	Vice President	1.00	Officer Director	$0	$0	$0
DOLAN DALPOAS	President	1.00	Officer Director	$0	$0	$0
ERIC BURWELL	Treasurer	1.00	Officer Director	$0	$0	$0
LYNN PAULUS	Secretary	1.00	Officer Director	$0	$0	$0
COLLEEEN ROATE	Director	1.00	Director	$0	$0	$0
MOLLY PICKERING	Director	1.00	Director	$0	$0	$0
JENNIFER KIRBY	Director	0.00	Director	$0	$0	$0
MARTIN LEON	Director	0.00	Director	$0	$0	$0
VERONICA OHLER	Director	0.00	Director	$0	$0	$0
RACHEL MARTEN	Director	0.00	Director	$0	$0	$0
SETH GOODMAN	Director	0.00	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
2023	$94,896	$139,057	$548,854	$-44,161
2022	$228,006	$135,916	$532,461	$92,090

LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC