THE LISTENING ROOM INC DBA - THE L… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

MICKAYLA VANNATTER

Phone

4024695446

Tax Period

2023-07-01 to 2024-06-30

THE LISTENING ROOM INC DBA - THE LARK & THE LISTENING ROOM, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $379K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $159K, a strong 42% operating margin.

Mission

TO FOSTER THE ARTS IN HASTINGS AND SURROUNDING COMMUNITIES; PROVIDING ARTISTIC AND CULTURAL GROWTH THROUGH OBSERVATION, EDUCATION, INSPIRATION, AND PARTICIPATION.

Program Service Accomplishments

Program 1

Expenses: $75,115 Revenue: $59,257

THE LISTENING ROOM PROVIDES A VENUE IN CENTRAL NEBRASKA FOR ACOUSTIC PERFORMERS. THE GOAL OF THE PROGRAM IS TO BRING WORLD CLASS LIVE MUSIC TO CENTRAL NEBRASKANS.

Program 2

Expenses: $11,418 Revenue: $11,418

EVENT SPACE RENTAL FOR COMMUNITY ORGANIZATIONS AND OTHER LOCAL NONPROFITS. THE GOAL OF THE PROGRAM IS TO PROVIDE A MEETING SPACE FOR INSTITUTIONS THAT BETTER THE LOCAL COMMUNITY.

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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 $216,387

Program Service Revenue $70,675

Investment Income $0

Other Revenue $91,926

TOTAL REVENUE $378,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,392

Fundraising Expenses $0

Program Expenses $216,532

Other Expenses $195,635

TOTAL EXPENSES $220,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$378,988	$496,900	-0.2%
Expenses	$220,027	$205,858	+0.1%
Net Income	$158,961	$291,042	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE RIPPE	PRESIDENT	0.50	Officer Director	$0	$0	$0
MATT FONG	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SCOTT KVOLS	TREASURER	0.50	Officer Director	$0	$0	$0
CRAIG DEWALT	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE BATTERSON	DIRECTOR	0.50	Director	$0	$0	$0
HANNAH JENSEN-HEITMANN	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE CUTRIGHT	DIRECTOR	0.50	Director	$0	$0	$0
PIERCE FIALA	DIRECTOR	0.50	Director	$0	$0	$0
ANDY SPRINGER	DIRECTOR	0.50	Director	$0	$0	$0
MOLLY JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER WITTE	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL STRECKER	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN BLISS	DIRECTOR	0.50	Director	$0	$0	$0
RAUL FRANCO	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$378,988	$220,027	$1,542,611	$158,961
2023	$496,900	$205,858	$1,371,192	$291,042
2022	$165,584	$194,674	$1,080,261	$-29,090
2021	$77,150	$118,720	$1,114,758	$-41,570
2020	$137,133	$148,232	$1,166,086	$-11,099
2019	$146,750	$157,168	$1,185,915	$-10,418
2018	$144,414	$180,133	$1,213,862	$-35,719

THE LISTENING ROOM INC DBA - THE LARK & THE LISTENING ROOM