LIEUTENANTS BENEVOLENT ASSOC CHARITABLE & SCHOLARSHIP FUND INC (EIN 010960059) - 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

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 THECORPORATION WAS FORMED ARE AS FOLLOWS: 1. TO ESTABLISH A SCHOLARSHIPFUND FOR WORTHY STUDENTS; 2. TO AID, ENCOURAGE, STIMULATE, FOSTER ANDPROMOTE ARTISTIC, CULTURAL AND EDUCATIONAL ACTIVITIES THROUGH GRANTS,BEQUESTS, GIFTS OR OTHERWISE TO INDIVIDUALS, GROUPS, INSTITUTIONS ANDORGANIZATIONS; 3. TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANYGIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUSTS (BUT NOT TO ACT ASTRUSTEE), AND PROPERTY OF ANY SORT WITHOUT LIMITATION AS TO AMOUNT ORVALUE AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOFEXCLUSIVELY FOR CHARITABLE PURPOSES; 4. TO RAISE FUNDS AND SOLICITDONATIONS FROM INTERESTED INDIVIDUALS, CHARITABLE, EDUCATIONAL ANDSCIENTIFIC ORGANIZATIONS AND FOUNDATIONS, AND OTHER INTERESTEDORGANIZATIONS AND FOUNDATIONS, AGENCIES, INSTITUTIONS, ASSOCIATIONS ANDCORPORATIONS AND TO ADMINISTER AND EXPEND SUCH FUNDS IN FURTHERANCE OFTHE CORPORATE GOALS AND PURPOS

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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