Lightning Athletics Omaha
EIN: 460990001 · Bellevue, NE · NTEE: N63
| Metric | Value |
|---|---|
| Total Expenses | $94K |
| Net Assets | $1K |
Is Lightning Athletics Omaha Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lightning Athletics Omaha
Lightning Athletics Omaha (EIN: 460990001) is a nonprofit organization based in Bellevue, NE, classified under NTEE code N63. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lightning Athletics Omaha's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lightning Athletics Omaha is a micro nonprofit that has been operating for 14 years, with 9 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $94K |
| Surplus / Deficit | $-5,653 |
| Total Assets | $5K |
| Total Liabilities | $4K |
| Net Assets | $1K |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 78.2% |
| Months of Reserves | 0.7 months |
Financial Health Grade: D
In 2022, Lightning Athletics Omaha reported a deficit of $6K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 78.2% (high leverage).
Financial Trends
Over 9 years of filings (2013–2022), Lightning Athletics Omaha's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +52.8% | +19.4% | +0.0% |
| 2019 | -47.6% | -34.1% | -81.4% |
| 2018 | +11.1% | +36.6% | -19.6% |
| 2017 | +28.5% | +11.9% | +52.2% |
| 2016 | -12.4% | -34.4% | -10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lightning Athletics Omaha has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lightning Athletics Omaha with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.2%.
Frequently Asked Questions about Lightning Athletics Omaha
Is Lightning Athletics Omaha a legitimate charity?
Lightning Athletics Omaha (EIN: 460990001) is a registered tax-exempt nonprofit based in Nebraska. It has 9 years of IRS 990 filings on record. No red flags identified. Financial health grade: D.
How does Lightning Athletics Omaha spend its money?
Lightning Athletics Omaha reported its financials in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lightning Athletics Omaha tax-deductible?
Lightning Athletics Omaha is registered as a tax-exempt nonprofit (EIN: 460990001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lightning Athletics Omaha located?
Lightning Athletics Omaha is headquartered in Bellevue, Nebraska and files with the IRS under EIN 460990001. It is classified under NTEE code N63.
How many years of IRS 990 filings does Lightning Athletics Omaha have?
Lightning Athletics Omaha has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Lightning Athletics Omaha showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2013–2022), Lightning Athletics Omaha's revenue has grown by 13.6%, moving from $78K to $89K. Total assets decreased by 83.4% over the same period, from $31K to $5K. Total functional expenses rose by 39.5%, from $68K to $94K. In its most recent filing year (2022), Lightning Athletics Omaha reported a deficit of $6K, with expenses exceeding revenue. The organization holds $4K in liabilities against $5K in assets (debt-to-asset ratio: 78.2%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $89K | $94K | $5K | $4K | — | — |
| 2019 | $58K | $79K | $5K | $1K | — | View 990 |
| 2018 | $110K | $120K | $27K | $3K | — | — |
| 2017 | $99K | $88K | $34K | $0 | — | View 990 |
| 2016 | $77K | $78K | $22K | $0 | — | View 990 |
| 2015 | $88K | $119K | $25K | $2K | — | View 990 |
| 2014 | $83K | $72K | $55K | $0 | — | View 990 |
| 2014 | $83K | $72K | $55K | $0 | — | View 990 |
| 2013 | $78K | $68K | $31K | $0 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $89K, expenses of $94K, and assets of $5K (revenue +52.8% year-over-year).
- 2019: Revenue of $58K, expenses of $79K, and assets of $5K (revenue -47.6% year-over-year).
- 2018: Revenue of $110K, expenses of $120K, and assets of $27K (revenue +11.1% year-over-year).
- 2017: Revenue of $99K, expenses of $88K, and assets of $34K (revenue +28.5% year-over-year).
- 2016: Revenue of $77K, expenses of $78K, and assets of $22K (revenue -12.4% year-over-year).
- 2015: Revenue of $88K, expenses of $119K, and assets of $25K (revenue +6.4% year-over-year).
- 2014: Revenue of $83K, expenses of $72K, and assets of $55K (revenue +0.0% year-over-year).
- 2014: Revenue of $83K, expenses of $72K, and assets of $55K (revenue +6.5% year-over-year).
- 2013: Revenue of $78K, expenses of $68K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lightning Athletics Omaha:
Data Sources and Methodology
This transparency report for Lightning Athletics Omaha is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.