Lymelight Foundation (EIN 611645660) - 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

2011

Legal Domicile

Principal Officer

Scott Bedford

Phone

6503485509

Tax Period

2023-01-01 to 2023-12-31

Lymelight Foundation, founded in 2011, is a small nonprofit in the Human Services sector that reported $822K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 74% operating deficit.

Mission

Provide grants to children and young adults with Lyme disease who cannot afford treatment.

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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 $870,869

Program Service Revenue $0

Investment Income $12,379

Other Revenue $-61,054

TOTAL REVENUE $822,194

Expense Breakdown

Grants Paid $1,060,600

Salaries & Benefits $0

Fundraising Expenses $113,998

Program Expenses $1,230,416

Other Expenses $369,510

TOTAL EXPENSES $1,430,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$822,194	$931,726	-0.1%
Expenses	$1,430,110	$1,372,276	+0.0%
Net Income	$-607,916	$-440,550	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Bedford	chairman	10.00	Officer Director	$0	$0	$0
Scott forsgren	Board member	5.00	Director	$0	$0	$0
Nora Thomas	Board Member/Program Mgr.	5.00	Director	$0	$0	$0
Phyllis Bedford	Executive Director	40.00	Officer	$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	No data	No data	No data	No data
2023	$822,194	$1,430,110	$1,934,779	$-607,916
2022	$931,726	$1,372,276	$2,497,590	$-440,550
2021	$1,631,644	$1,360,144	$2,941,168	$271,500
2020	$2,581,166	$1,381,360	$2,766,909	$1,199,806
2019	$646,761	$1,349,885	$1,523,698	$-703,124
2018	$559,814	$1,280,995	$2,159,247	$-721,181

Lymelight Foundation