THE LEGACY TREATMENT SERVICES FOUNDATION INC

EIN: 200034903 501(c)(3) Health Care

HAINESPORT, NJ

Total Revenue
$575,559
Total Expenses
$678,097
Total Assets
$5,306,944
Net Assets
$5,255,295
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NJ
Principal Officer
TINESHA BANKS
Phone
6092675656
Tax Period
2024-07-01 to 2025-06-30

THE LEGACY TREATMENT SERVICES FOUNDATION INC, founded in 2003, is a small nonprofit in the Health Care sector that reported $576K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $678K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE FOUNDATION'S EXCLUSIVE PURPOSE IS THE SOLICITING, RECEIVING AND HOLDING OF GIFTS, GRANTS AND CONTRIBUTIONS TO SUPPORT THE LEGACY TREATMENT SERVICES, INC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $450,285
Program Service Revenue $0
Investment Income $106,847
Other Revenue $18,427
TOTAL REVENUE $575,559

Expense Breakdown

Grants Paid $73,603
Salaries & Benefits $375,266
Fundraising Expenses $542,556
Program Expenses $135,541
Other Expenses $229,228
TOTAL EXPENSES $678,097

Year-over-Year Comparison

2024 2023 Change
Revenue $575,559 $679,851 -0.2%
Expenses $678,097 $614,281 +0.1%
Net Income $-102,538 $65,570 -2.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
5
$1,359,877
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BERKLEY HARMON III CHAIRMAN 1.00
Officer Director
$0 $0 $0
MATTHEW SMITH VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ETHAN CAPRI TREASURER 1.00
Director
$0 $0 $0
MIKE VERTOLLI SECRETARY 1.00
Director
$0 $0 $0
JOHN JANTHOR TRUSTEE 1.00
Director
$0 $0 $0
DAVID MELE TRUSTEE 1.00
Director
$0 $0 $0
EVE PAPPAS TRUSTEE 1.00
Director
$0 $0 $0
JEREMIAH PHILLIPS TRUSTEE 1.00
Director
$0 $0 $0
DREW POLIN TRUSTEE 1.00
Director
$0 $0 $0
SERGIO SCUTERI TRUSTEE 1.00
Director
$0 $0 $0
TINESHA BANKS 32025-PRESENT CHIEF EXECUTIVE OFFICER 2.00
Officer
$0 $38,344 $452,666
GEORGE RICHARDS CHIEF FINANCIAL OFFICER 2.00
Officer
$0 $24,530 $493,074
CHRISTINE KIRKBRIDE 72024-32025 INTERIM CHIEF EXECUTIVE OF 2.00
Officer
$0 $32,642 $414,137
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 $575,559 $678,097 $5,306,944 $-102,538
2024 No data No data No data No data
2023 $572,707 $753,920 $5,011,269 $-181,213
2022 $4,541,032 $578,119 $4,841,930 $3,962,913
2021 $438,088 $464,563 $845,413 $-26,475
2020 $529,478 $270,095 $865,170 $259,383
2019 $506,347 $261,770 $645,654 $244,577
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