LEGACY FOUNDATION FOR THE ARTS INC (EIN 200189419) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Phone

9136622532

Tax Period

2024-01-01 to 2024-12-31

LEGACY FOUNDATION FOR THE ARTS INC, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $18K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8K, a strong 42% operating margin.

Mission

PREMOTE THE PERFORMING ARTS

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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 $11,262

Program Service Revenue $0

Investment Income $93

Other Revenue $7,130

TOTAL REVENUE $18,485

Expense Breakdown

Grants Paid $8,580

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,623

Other Expenses $2,109

TOTAL EXPENSES $10,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,485	$15,242	+0.2%
Expenses	$10,689	$8,138	+0.3%
Net Income	$7,796	$7,104	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DON DAGENAIS	DIRECTOR	Director	$0	$0	$0
RENAE GOTTSCHALL	DIRECTOR	Director	$0	$0	$0
R BRIAN LANDERS	DIRECTOR	Director	$0	$0	$0
JOHN M PEARSON	DIRECTOR	Director	$0	$0	$0
KRISTI VEITCH	DIRECTOR	Director	$0	$0	$0
JULIA BOYES	PRESIDENT	Officer	$0	$0	$0
ERNEST NEIGHBOR	VICE-PRESIDENT	Officer	$0	$0	$0
MAURA LANDERS	SECRETARY-TREASURER	Officer	$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
2024	$18,485	$10,689	$83,643	$7,796
2023	$15,242	$8,138	$75,847	$7,104
2022	$7,313	$8,855	$68,743	$-1,542
2021	$12,253	$7,314	$84,172	$4,939
2020	$13,164	$8,579	$79,233	$4,585

LEGACY FOUNDATION FOR THE ARTS INC