Limbitless Solutions Inc (EIN 471944657) - 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

2014

Legal Domicile

Phone

4078822241

Tax Period

2022-07-01 to 2023-06-30

Limbitless Solutions Inc, founded in 2014, is a small nonprofit that reported $953K in total revenue in fiscal year 2022. Revenue surged 168% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 51% operating deficit.

Mission

To support UCF in electronic advancements in disability technology; promotion of access and engagement in STEM/STEAM education; and to work with third parties to support further related research. Limbitless Solutions Inc. was dissolved and decertified as a direct support organization of the University of Central Florida, effective June 30, 2023. Its operations will continue under the University's Research Enterprise.

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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 (2022)

Revenue Breakdown

Contributions & Grants $951,729

Program Service Revenue $0

Investment Income $778

Other Revenue $660

TOTAL REVENUE $953,167

Expense Breakdown

Grants Paid $914,027

Salaries & Benefits $0

Fundraising Expenses $6,381

Program Expenses $1,332,606

Other Expenses $522,695

TOTAL EXPENSES $1,436,722

Year-over-Year Comparison

	2022	2021	Change
Revenue	$953,167	$355,233	+1.7%
Expenses	$1,436,722	$433,086	+2.3%
Net Income	$-483,555	$-77,853	+5.2%

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

$1,428,007

Total Directors

$2,167,633

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Member/Vice Chair as of 1/17/23	1.0	Officer Director	$0	$43,329	$209,131
N/A	Chair (thru 8/22), Board Member (thru 1/23)	1.0	Officer Director	$0	$54,750	$354,760
N/A	Chairman as of 8/22/22	1.0	Officer Director	$0	$47,938	$309,111
N/A	Board Member as of 1/17/23	1.0	Director	$0	$60,879	$351,773
N/A	Board Member as of 1/17/23	1.0	Director	$0	$45,854	$290,487
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member (thru 12/22)	1.0	Director	$0	$48,116	$323,348
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$58,173	$329,023
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Secretary	40.0	Officer	$0	$32,315	$98,586
N/A	President	40.0	Officer	$0	$37,646	$198,310
N/A	Vice President	40.0	Officer	$0	$35,932	$167,689
N/A	CFO and Treasurer	35.0	Officer	$0	$29,633	$90,420

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
2023	$953,167	$1,436,722	No data	$-483,555
2022	$355,233	$433,086	$785,743	$-77,853
2021	$765,711	$315,119	$1,004,854	$450,592
2020	$339,986	$378,821	$470,665	$-38,835
2019	$297,850	$160,880	$387,295	$136,970

Limbitless Solutions Inc