LUCYS LEGACY FOUNDATION INC

EIN: 042105865 501(c)(3) Education

HOPKINTON, MA

Total Revenue
$101,494
Total Expenses
$170,328
Total Assets
$2,368,584
Net Assets
$2,360,383
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
MA
Principal Officer
KYLA MCSWEENEY
Phone
6177345200
Tax Period
2019-04-01 to 2020-03-31

LUCYS LEGACY FOUNDATION INC, founded in 1918, is a small nonprofit in the Education sector that reported $101K in total revenue in fiscal year 2019. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $170K exceeded revenue, resulting in a 68% operating deficit.

Mission

TO EXPLORE, RESEARCH, DEVELOP AND SUPPORT EDUCATIONAL ENDEAVORS, INCLUDING, WITHOUT LIMITATION, TO SUPPORT THE STUDENTS AND ALUMNI OF WHEELOCK COLLEGE, PRIMARILY THROUGH GRANTS AND SCHOLARSHIPS.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $101,494
Other Revenue $0
TOTAL REVENUE $101,494

Expense Breakdown

Grants Paid $127,702
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $127,702
Other Expenses $42,626
TOTAL EXPENSES $170,328

Year-over-Year Comparison

2019 2018 Change
Revenue $101,494 $83,029 +0.2%
Expenses $170,328 $43,136 +2.9%
Net Income $-68,834 $39,893 -2.7%
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

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Governance

Voting Members
5
Independent Members
25
Employees
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE PAGE Treasurer 2.00
Director
$0 $0 $0
CAROL SULLIVAN-HANLEY CLERK 2.00
Director
$0 $0 $0
KYLA MCSWEENEY President 4.00
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
2020 $101,494 $170,328 $2,368,584 $-68,834
2018 $197,337 $113,921 $2,550,014 $83,416
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