Lim Family Benevolent Society (EIN 941246760) - 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

1928

Legal Domicile

Principal Officer

Ho Yen Lim

Phone

4159824497

Tax Period

2023-01-01 to 2023-12-31

Lim Family Benevolent Society, founded in 1928, is a small nonprofit that reported $124K in total revenue in fiscal year 2023. Expenses of $168K exceeded revenue, resulting in a 36% operating deficit.

Mission

Implement and support programs to promote the appreciation of Chinese culture and heritage. Improve the common good of the local community through the rendering of aid.

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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 $22,983

Program Service Revenue $0

Investment Income $9

Other Revenue $100,978

TOTAL REVENUE $123,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,514

Fundraising Expenses $0

Program Expenses $137,989

Other Expenses $157,473

TOTAL EXPENSES $167,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,970	$-2,401	-52.6%
Expenses	$167,987	$102,826	+0.6%
Net Income	$-44,017	$-105,227	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ho Yen Lim	President	002.00	Officer Director	$0	$0	$0
Allen Lim	Vice-President	002.00	Officer Director	$0	$0	$0
Guan Yu Lin	Treasurer	002.00	Officer Director	$0	$0	$0
Chiu King Lam	Secretary	002.00	Officer 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	No data	No data	No data	No data
2023	$123,970	$167,987	$1,005,349	$-44,017
2022	$-2,401	$102,826	$1,045,366	$-105,227
2021	$52,508	$74,968	$1,145,393	$-22,460
2020	$94,209	$79,894	$1,159,853	$14,315

Lim Family Benevolent Society