Legacy Education Group

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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

2004

Legal Domicile

Principal Officer

Kathy Tolman

Phone

4809812008

Tax Period

2024-07-01 to 2025-06-30

Legacy Education Group, founded in 2004, is a community nonprofit in the Religion sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 7% surplus.

Mission

The School's mission is to provide an educational program that challenges each student to attain his or her highest academic and character potential

Program Service Accomplishments

Program 1

Expenses: $1,438,401

Legacy Education Group provides an educational program that challenges each student, including at-risk students, to attain their highest academic and character potential through a coordinated...

Legacy Education Group provides an educational program that challenges each student, including at-risk students, to attain their highest academic and character potential through a coordinated humanities curriculum, an integrated performing and fine arts program, community service and a traditional approach to education. Legacy Education Group provided educational services to approximately 160 students during the school year.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,250,745

Program Service Revenue $198,070

Investment Income $4,411

Other Revenue $4,250

TOTAL REVENUE $2,457,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,226,857

Fundraising Expenses $0

Program Expenses $1,438,401

Other Expenses $1,057,474

TOTAL EXPENSES $2,284,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,457,476	$2,214,853	+0.1%
Expenses	$2,284,331	$2,224,536	+0.0%
Net Income	$173,145	$-9,683	-18.9%

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

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

$83,779

Total Directors

$136,611

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Tolman	Secretary	40.00	Officer Director	$83,779	$0	$83,779
Jacqueline Gilleland	Director	40.00	Director	$52,832	$0	$52,832
Rod Tolman	Director	5.00	Director	$0	$0	$0
Michael Clement	Director	5.00	Director	$0	$0	$0
Sheila Dutton	Director	0.00	Director	$0	$0	$0
Jerry Haws	Director	0.00	Director	$0	$0	$0
Lorel Winsor	President	0.00	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
2025	$2,457,476	$2,284,331	$902,168	$173,145
2024	No data	No data	No data	No data
2023	$2,460,687	$2,224,015	$1,489,784	$236,672
2022	$2,275,021	$2,052,887	$789,804	$222,134
2021	$2,110,527	$1,812,625	$635,498	$297,902
2020	$1,695,968	$1,857,450	$548,013	$-161,482