Lime Foundation (EIN 472046585) - 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

Principal Officer

Letitia Hanke

Phone

7076048505

Tax Period

2024-01-01 to 2024-12-31

Lime Foundation, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $708K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

The Lime Foundations mission is to provide educational resources, mentorship and career exploration in order to develop sustainable empowerment among the diverse communities. Those served by the lime foundation will learn life-changing skills to harness their potential in music, performing arts, construction careers, technology, and health, encouraging all individuals to inspire their communities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $657,689

Program Service Revenue $0

Investment Income $2,082

Other Revenue $47,896

TOTAL REVENUE $707,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,814

Fundraising Expenses $11,969

Program Expenses $477,011

Other Expenses $402,162

TOTAL EXPENSES $701,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$707,667	$558,686	+0.3%
Expenses	$701,976	$800,339	-0.1%
Net Income	$5,691	$-241,653	-1.0%

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

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

$72,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Letitia Hanke	Executive Dir.	55.00	Officer	$72,356	$0	$72,356
Marco Guerra	President	1.00	Director	$0	$0	$0
Jeff Kelly	Treasurer	1.00	Director	$0	$0	$0
Lisa Fait	Vice President	1.00	Director	$0	$0	$0
Karen Grotte	Secretary	1.00	Director	$0	$0	$0
jennifer Guerra	Director	1.00	Director	$0	$0	$0
Phil Alwitt	Director	1.00	Director	$0	$0	$0
valerie alston	Director	1.00	Director	$0	$0	$0
victor hughes	Director	1.00	Director	$0	$0	$0
andre bailey	Director	1.00	Director	$0	$0	$0
thomas sands	Director	1.00	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
2024	$707,667	$701,976	$312,668	$5,691
2023	$558,686	$800,339	$318,068	$-241,653
2022	$554,285	$708,698	$587,648	$-154,413
2021	$608,987	$429,359	$515,747	$179,628
2020	$297,803	$335,580	$200,070	$-37,777
2019	$365,378	$366,959	$80,197	$-1,581
2018	$336,269	$287,699	$81,778	$48,570

Lime Foundation