Orlando, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Limbitless Solutions Inc. is a non-profit organization dedicated to empowering individuals through personalized, creative, and expressive bionics. 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.
DESIGN OF BIONIC ARMS FOR CHILDREN: Limbitless Solutions was established as a direct support organization of the University of Central Florida to research, design, create, and deliver mechanical and...
DESIGN OF BIONIC ARMS FOR CHILDREN: Limbitless Solutions was established as a direct support organization of the University of Central Florida to research, design, create, and deliver mechanical and electronic advancements in disability technology, infusing engineering with artistic design. Limbitless creates personalized, creative, and expressive 3D-printed prosthetics for children with limb differences using electromyographic (EMG) technology. Limbitless works closely with each child and their families, combining art and engineering to make an arm personalized to them, so that each bionic arm created is a reflection of a bionic child's personality. For example, Limbitless collaborates with each child to customize the sleeve design of the child's bionic arm with the goal of reflecting the personalities and interests of each child. Through these expressive bionics, the organization hopes to empower confidence in each child wearing a bionic arm. To help bionic children adapt to their new prosthetic, Limbitless creates fun and immersive video games. The video games use the arm's EMG technology as a controller to help the children gain comfort and skill using their bionic device. Limbitless Solutions develops and distributes bionic solutions through clinical trial process, now collaborating/partnering with five hospitals nationally. Two second generation clinical trials began in May of 2023.
DEVELOP AND IMPROVE TECHNOLOGY AND DESIGN OF BIONIC ARMS: Implement an interchangeable sleeve design that allows the user to fully customize their bionic device. These artistic sleeves are selected...
DEVELOP AND IMPROVE TECHNOLOGY AND DESIGN OF BIONIC ARMS: Implement an interchangeable sleeve design that allows the user to fully customize their bionic device. These artistic sleeves are selected and modified by the user to create a unique, personalized design. Programming and engineering upgrades has allowed for multi-gesture capabilities; giving the user expanded dexterity. Now the user can access multiple gestures (such as finger points, peace signs, thumbs up, etc.) by flexing their muscle.
PROMOTE STEAM/STEM AND HOST EDUCATIONAL EVENTS: Host students for a day-long immersive STEAM experience. Students learn about combining science, technology, engineering, art, and math to create...
PROMOTE STEAM/STEM AND HOST EDUCATIONAL EVENTS: Host students for a day-long immersive STEAM experience. Students learn about combining science, technology, engineering, art, and math to create meaningful and artistic designs. Our team also travels across the country talking about 3D Hope and the power of young people getting involved in STEAM at an early age.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
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