THE LEGACY SENIOR COMMUNITIES INC

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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

2002

Legal Domicile

Phone

9724686176

Tax Period

2023-10-01 to 2024-09-30

THE LEGACY SENIOR COMMUNITIES INC, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

THE LEGACY SENIOR COMMUNITIES, INC., EXISTS TO PROVIDE A CONTINUUM OF CARE TO SENIORS AND THEIR FAMILIES WITH COMPASSION AND DIGNITY, WHILE EMBRACING JEWISH VALUES AND UPHOLDING THE HIGHEST STANDARDS OF EXCELLENCE. THE LEGACY SENIOR COMMUNITIES, INC. DOES THIS BY PROVIDING DEVELOPMENT AND MANAGEMENT SERVICES TO ITS AFFILIATES. THOSE AFFILIATES PROVIDE SENIOR LIVING, HEALTHCARE SERVICES, AND SUPPORT TO THE JEWISH COMMUNITY AND TO PEOPLE OF ALL FAITHS IN NORTH TEXAS.

Program Service Accomplishments

Program 1

Expenses: $3,137,184 Revenue: $3,338,573

PROVIDE MANAGEMENT SERVICES TO THE LEGACY WILLOW BEND, INC. AND THE LEGACY MIDTOWN PARK, INC. (BOTH NONPROFIT CONTINUING CARE RETIREMENT COMMUNITIES) AND THE LEGACY AT HOME, INC. (A NONPROFIT HOME...

PROVIDE MANAGEMENT SERVICES TO THE LEGACY WILLOW BEND, INC. AND THE LEGACY MIDTOWN PARK, INC. (BOTH NONPROFIT CONTINUING CARE RETIREMENT COMMUNITIES) AND THE LEGACY AT HOME, INC. (A NONPROFIT HOME HEALTHCARE COMPANY).

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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 $0

Program Service Revenue $3,338,573

Investment Income $64

Other Revenue $0

TOTAL REVENUE $3,338,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,762,741

Fundraising Expenses $0

Program Expenses $3,137,184

Other Expenses $734,066

TOTAL EXPENSES $3,496,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,338,637	$3,532,103	-0.1%
Expenses	$3,496,807	$3,020,626	+0.2%
Net Income	$-158,170	$511,477	-1.3%

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

$1,068,589

Total Directors

$791,125

Key Employees

$1,018,006

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRVING PRENGLER	CHAIR	1.0	Officer Director	$0	$0	$0
JACK BAUM	VICE CHAIR	1.0	Officer Director	$0	$0	$0
MELISSA ORTH	PRESIDENT/CEO	11.0	Officer Director	$719,049	$72,076	$791,125
MICHAEL KANE	Secretary	1.0	Officer Director	$0	$0	$0
AARON HANDLER	TRUSTEE	1.0	Director	$0	$0	$0
AMY JONES	TRUSTEE	1.0	Director	$0	$0	$0
BRADLEY LAYE	TRUSTEE	1.0	Director	$0	$0	$0
CAROL AARON	TRUSTEE	1.0	Director	$0	$0	$0
CARY ROSSEL	TRUSTEE	1.0	Director	$0	$0	$0
CHARMAINE LAMPERT	TRUSTEE	1.0	Director	$0	$0	$0
CINDY MOSKOWITZ	TRUSTEE	1.0	Director	$0	$0	$0
DAN PRESCOTT	TRUSTEE	1.0	Director	$0	$0	$0
DOT HAYMANN	TRUSTEE	1.0	Director	$0	$0	$0
DOUG FRENCH	TRUSTEE	1.0	Director	$0	$0	$0
FRASER MARCUS	TRUSTEE	1.0	Director	$0	$0	$0
HARLEY COHEN	TRUSTEE	1.0	Director	$0	$0	$0
HELENE RUDBERG	TRUSTEE	1.0	Director	$0	$0	$0
IGOR ALTERMAN	TRUSTEE	1.0	Director	$0	$0	$0
JEFF RASANSKY	TRUSTEE	1.0	Director	$0	$0	$0
JERRY RASANSKY	TRUSTEE	1.0	Director	$0	$0	$0
JOSH SKORA	TRUSTEE	2.0	Director	$0	$0	$0
LIZ LIENER	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL BECKER	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL COHEN	TRUSTEE	1.0	Director	$0	$0	$0
MIKE FRIEDMAN	TRUSTEE	1.0	Director	$0	$0	$0
MIKE WEINBERG	TRUSTEE	1.0	Director	$0	$0	$0
NEIL RUBINSTEIN	TRUSTEE	1.0	Director	$0	$0	$0
PAUL GENENDER	TRUSTEE	1.0	Director	$0	$0	$0
ROY GREENBERG	TRUSTEE	1.0	Director	$0	$0	$0
SANDY KAUFMAN	TRUSTEE	1.0	Director	$0	$0	$0
SHIRLEY DAVIDOFF	TRUSTEE	1.0	Director	$0	$0	$0
STUART MORSE	TRUSTEE	1.0	Director	$0	$0	$0
SUSIE CARP	TRUSTEE	1.0	Director	$0	$0	$0
SCOTT SNORTON	CFO START: 7/2024	20.0	Officer	$0	$0	$0
TERRY PURCHAL	CFO END: 5/2024	20.0	Officer	$255,785	$21,679	$277,464
ALYSSA ADAM	CMO	10.0	Key Emp	$184,124	$27,680	$211,804
BRIDGETTE WALSHE	COO	10.0	Key Emp	$226,522	$3,398	$229,920
CHIP BROWNLEE	EXECUTIVE DIRECTOR LMP	1.0	Key Emp	$182,900	$16,005	$198,905
JESSICA HAECKER	EXECUTIVE DIRECTOR LAH	1.0	Key Emp	$171,312	$2,463	$173,775
LAURA LEVY	EXECUTIVE DIRECTOR LWB	1.0	Key Emp	$190,260	$13,342	$203,602
ANDREA STATMAN	SR DIRECTOR OF DEVELOPMENT	20.0	Highest	$145,343	$2,177	$147,520
KARYN MCCOY	SR DIRECTOR OF SAFETY SECURITY	10.0	Highest	$144,394	$10,413	$154,807
MARK BLANKENSHIP	SENIOR DIRECTOR OF FACILITIES	0.0	Highest	$146,548	$22,669	$169,217
MATT GEERS	SENIOR DIRECTOR OF IT	10.0	Highest	$148,208	$14,183	$162,391
RENEE ANDERSON	SENIOR DIRECTOR OF HR	10.0	Highest	$165,778	$4,915	$170,693

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	$3,338,637	$3,496,807	$925,122	$-158,170
2023	$3,532,103	$3,020,626	$944,720	$511,477
2022	$2,330,543	$2,827,730	$383,743	$-497,187
2021	$1,998,752	$3,054,236	$388,914	$-1,055,484
2020	$1,747,391	$2,679,294	$477,080	$-931,903
2019	$1,607,175	$2,078,904	$843,009	$-471,729
2018	$1,394,554	$2,056,751	$3,745,642	$-662,197