BENEVOLENCE INDUSTRIES INC (EIN 203344362) - 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

2007

Legal Domicile

Principal Officer

KWABENA OBENG

Phone

3237320100

Tax Period

2023-01-01 to 2023-12-31

BENEVOLENCE INDUSTRIES INC, founded in 2007, is a mid-sized nonprofit in the Health Care sector that reported $18.5M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 19% operating margin.

Mission

TO PROVIDE MEDICAL AND SOCIAL SERVICES TO POPULATION WITH LOW INCOME IN THE 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 $5,300,487

Program Service Revenue $10,526,549

Investment Income $0

Other Revenue $2,639,949

TOTAL REVENUE $18,466,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,983,789

Fundraising Expenses $0

Program Expenses $13,809,943

Other Expenses $7,968,755

TOTAL EXPENSES $14,952,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,466,985	$14,803,866	+0.2%
Expenses	$14,952,544	$12,629,157	+0.2%
Net Income	$3,514,441	$2,174,709	+0.6%

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

110

Volunteers

N/A

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

$529,053

Total Directors

$517,640

Key Employees

$1,147,773

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENERSTINE SMITH	CHAIRPERSON	2.00	Director	$0	$0	$0
EDWARD FRIMPONG	SECRETARY	2.00	Director	$0	$0	$0
THOMAS WITTS	TREASURER	2.00	Director	$0	$0	$0
NICOLE VIRGIN	DIRECTOR	2.00	Director	$0	$0	$0
GLADYS RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
AYESHA MARCEL	DIRECTOR	2.00	Director	$0	$0	$0
MARCO GABRIEL	DIRECTOR	2.00	Director	$0	$0	$0
FERN STAMPS	DIRECTOR	2.00	Director	$0	$0	$0
KWABENA OBENG	CHIEF EXECUTIVE OFFICER	40.00	Officer Director Key Emp	$246,240	$0	$246,240
RON JAVDAN MD	CHIEF MEDICAL OFFICER	40.00	Officer Key Emp	$282,813	$0	$282,813
SAMUEL SMITH MD	DIRECTOR OF MENTAL HEALTH	40.00	Director Key Emp	$271,400	$0	$271,400
MADHDAVIE KARIM MD	PHYSICIAN	40.00	Key Emp	$157,040	$0	$157,040
KIM KIHJOOD MD	PEDIATRICIAN	40.00	Key Emp	$190,280	$0	$190,280

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
2024	No data	No data	No data	No data
2023	$18,466,985	$14,952,544	$10,515,845	$3,514,441
2022	$14,803,866	$12,629,157	$7,804,670	$2,174,709
2021	$13,082,828	$13,984,268	$6,758,781	$-901,440
2020	$11,809,989	$13,944,488	$6,379,338	$-2,134,499
2019	$13,452,586	$13,420,498	$7,022,953	$32,088

BENEVOLENCE INDUSTRIES INC