Limbitless Solutions Inc

Nonprofit profile at a glance

EIN
471944657
IRS 990 coverage
2018–2022
Forms available
Form 990 2022, Form 990-EZ 2017, Form 990-N 2014
Location
Orlando, FL, USA
Phone
4078822241
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Biomedicine, Bioengineering Research

Reported finances

Revenue
$953,167
Expenses
$1,436,722
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

15 people listed

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2022

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.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 69% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 71
  • Accountability: 49
  • Sustainability: 2
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.8%; rating input score 93
  • Fundraising efficiency: $149.15 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 44.4%; rating input score 44; 10th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -50.7%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 34.4%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 52.9% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 27.9% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 14.9% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.8% of spending went to programs
  • Governance: 4 of 9 board members independent · 5 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $355K · 15 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2018 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 11 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Independent voting board scored 44/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.