LIEUTENANTS BENEVOLENT ASSOC CHARI… - 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

2010

Legal Domicile

Principal Officer

LOUIS TURCO PRESIDENT

Phone

2129647500

Tax Period

2021-01-01 to 2021-12-31

LIEUTENANTS BENEVOLENT ASSOC CHARITABLE & SCHOLARSHIP FUND INC, founded in 2010, is a small nonprofit in the Education sector that reported $175K in total revenue in fiscal year 2021. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 52% operating margin.

Mission

THE PURPOSES FOR WHICH THE CORPORATION WAS FORMED ARE AS FOLLOWS: 1. TO ESTABLISH A SCHOLARSHIP FUND FOR WORTHY STUDENTS; 2. TO AID, ENCOURAGE, STIMULATE, FOSTER AND PROMOTE ARTISTIC, CULTURAL AND EDUCATIONAL ACTIVITIES THROUGH GRANTS, BEQUESTS,GIFTS OR OTHERWISE TO INDIVIDUALS, GROUPS, INSTITUTIONS AND ORGANIZATIONS; 3.TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUSTS(BUT NOT TO ACT AS TRUSTEE), AND PROPERTY OF ANY SORT WITHOUT LIMITATION AS TO AMOUNT OR VALUE AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE PURPOSES; 4.TO RAISE FUNDS AND SOLICIT DONATIONS FROM INTERESTED INDIVIDUALS, CHARITABLE, EDUCATIONAL AND SCIENTIFIC ORGANIZATIONS AND FOUNDATIONS, AND OTHER INTERESTED ORGANIZATIONS AND FOUNDATIONS, AGENCIES, INSTITUTIONS, ASSOCIATIONS AND CORPORATIONS AND TO ADMINISTER AND EXPEND SUCH FUNDS IN FURTHERANCE OF THE CORPORATE GOALS AND PURPOSES; 5. TO RECEIVE, ESTABLISH AND MAINTAIN A FUND OR FU

Program Service Accomplishments

Program 1

Expenses: $82,686 Revenue: $47,172

1. TO ESTABLISH A SCHOLARSHIP FUND FOR WORTHY STUDENTS; 2. TO AID, ENCOURAGE, STIMULATE, FOSTER AND PROMOTE ARTISTIC, CULTURAL AND EDUCATIONAL ACTIVITIES THROUGH GRANTS, BEQUESTS,GIFTS OR OTHERWISE TO INDIVIDUALS, GROUPS, INSTITUTIONS AND ORGANIZATIONS; 3.TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUSTS(BUT NOT TO ACT AS TRUSTEE), AND PROPERTY OF ANY SORT WITHOUT LIMITATION AS TO AMOUNT OR VALUE AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE PURPOSES; 4.TO RAISE FUNDS AND SOLICIT DONATIONS FROM INTERESTED INDIVIDUALS, CHARITABLE, EDUCATIONAL AND SCIENTIFIC ORGANIZATIONS AND FOUNDATIONS, AND OTHER INTERESTED ORGANIZATIONS AND FOUNDATIONS, AGENCIES, INSTITUTIONS, ASSOCIATIONS AND CORPORATIONS AND TO ADMINISTER AND EXPEND SUCH FUNDS IN FURTHERANCE OF THE CORPORATE GOALS AND PURPOSES; 5. TO RECEIVE, ESTABLISH AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY, OR BOTH, AND SUBJECT TO ANY RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH, TO USE AND APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES EITHER DIRECTLY OR BY FUNDING PROGRAMS OR PROJECTS THAT ACCOMPLISH SUCH CHARITABLE, CULTURAL AND EDUCATIONAL PURPOSES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $98,267

Program Service Revenue $5,283

Investment Income $3,215

Other Revenue $68,529

TOTAL REVENUE $175,294

Expense Breakdown

Grants Paid $48,720

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,686

Other Expenses $36,098

TOTAL EXPENSES $84,818

Year-over-Year Comparison

	2021	2020	Change
Revenue	$175,294	$113,153	+0.5%
Expenses	$84,818	$59,456	+0.4%
Net Income	$90,476	$53,697	+0.7%

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

N/A

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
LOUIS TURCO	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN BEATTIE	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTOPHER CANTELMI	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$0
VICTOR SWINTON	TREASURER	10.00	Officer 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
2021	$175,294	$84,818	$448,011	$90,476
2021	$153,775	$63,238	$448,072	$90,537

LIEUTENANTS BENEVOLENT ASSOC CHARITABLE & SCHOLARSHIP FUND INC