Lincoln Independent Business Association

Nonprofit profile at a glance

EIN
470633720
IRS 990 coverage
2014–2023
Forms available
Form 990 2023
Location
Lincoln, NE, USA
Phone
4024861040
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Youth Development N.E.C.

Reported finances

Revenue
$263,224
Expenses
$392,046
Assets
$131,040
Liabilities
$3,483

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

30 people listed

Executive titles in this filing

  • BUD SYNHORST (EXECUTIVE DIRECTOR)
  • TRAVIS FILING (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BUD SYNHORST (EXECUTIVE DIRECTOR): $150,678 total reported compensation
  • TRAVIS FILING (EXECUTIVE DIRECTOR): $8,693 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide leadership and educational opportunities to the business community; to educate the public concerning the vital role of business in creation of meaningful jobs, and in meeting the payrolls that allow our citizens to enjoy quality of life; to commuinicate the concerns of the business community to elect and appointed officials at all levels of local government; and to support political candidates who understand and promote the free enterprise system.

What it reported doing in 2023

Support to liba foundation for charitable activities.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 60
  • Accountability: 79
  • Sustainability: 13
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -48.9%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 40.7%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -24.2% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -2.3% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: 5% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 25 of 25 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $151K · 30 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 3 filed schedules · includes executive pay
  • Filing history: 10 filing years from 2014 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.