LIMITLESS POTENTIAL INC (EIN 272853497) - 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

JEREMY GOMEZ

Phone

3192394339

Tax Period

2023-01-01 to 2023-12-31

LIMITLESS POTENTIAL INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 10% surplus.

Mission

PROVIDING SUPPORTED COMMUNITY LIVING SERVICES TO CHILDREN WITH DISABILITIES AND THEIR FAMILIES IN THE STATE OF IOWA

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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 $291,580

Program Service Revenue $1,099,086

Investment Income $141

Other Revenue $0

TOTAL REVENUE $1,390,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $924,117

Fundraising Expenses $0

Program Expenses $1,248,111

Other Expenses $323,994

TOTAL EXPENSES $1,248,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,390,807	$849,023	+0.6%
Expenses	$1,248,111	$1,044,200	+0.2%
Net Income	$142,696	$-195,177	-1.7%

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

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

$319,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY GOMEZ	EXECUTIVE DIRECTOR	60.00	Officer	$158,259	$0	$158,259
EDWARD MEAD	DIRECTOR OF OPERATIONS	60.00	Officer	$160,879	$0	$160,879

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	$1,390,807	$1,248,111	$449,051	$142,696
2022	$849,023	$1,044,200	$320,067	$-195,177
2021	$1,048,833	$1,133,405	$527,177	$-84,572
2020	$1,512,040	$1,179,627	$605,281	$332,413
2019	$1,351,961	$1,157,045	$248,970	$194,916

LIMITLESS POTENTIAL INC