LEGACY CHARTER SCHOOL (EIN 201946624) - 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

Principal Officer

ANDRELL HOLLOWAY

Phone

7735421640

Tax Period

2024-07-01 to 2025-06-30

LEGACY CHARTER SCHOOL, founded in 2003, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2024. Net assets of $19.0M represent 25 months of operating reserves.

Mission

THE SCHOOL'S MISSION IS TO CREATE AN OUTSTANDING CENTER FOR TEACHING AND LEARNING FOR CHILDREN AND THEIR FAMILIES THAT WILL RECOGNIZE AND NURTURE THE FULL POTENTIAL OF EVERY CHILD, PROVIDE A FOUNDATION FOR A COLLEGE EDUCATION AND EDUCATE STUDENTS TO BE CREATIVE AND CRITICAL THINKERS AND RESPONSIBLE CITIZENS IN SCHOOL, AT HOME AND IN THE BROADER COMMUNITY.

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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 $8,736,404

Program Service Revenue $383,083

Investment Income $173,010

Other Revenue $-20,300

TOTAL REVENUE $9,272,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,665,157

Fundraising Expenses $196,427

Program Expenses $7,863,513

Other Expenses $3,870,224

TOTAL EXPENSES $9,535,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,272,197	$8,713,879	+0.1%
Expenses	$9,535,381	$8,929,852	+0.1%
Net Income	$-263,184	$-215,973	+0.2%

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

$205,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH B GOSS	EXECUTIVE DIRECTOR	40.00	Officer	$179,447	$26,550	$205,997
SHEILA FOSTER	PRINCIPAL	40.00	Highest	$135,333	$16,940	$152,273
LATONYA PLEASANT	TEACHER	40.00	Highest	$100,152	$27,831	$127,983
SYLVIA HOLLOWAY	TEACHER	40.00	Highest	$112,375	$15,188	$127,563
MARY HELEN CHAPPETTO	CASE MANAGER	40.00	Highest	$111,016	$7,771	$118,787
ANDRELL HOLLOWAY	CO-CHAIR	10.00	Officer Director	$0	$0	$0
CAROLYN VESSEL	CO-CHAIR	2.00	Officer Director	$0	$0	$0
SVEN CARLSSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARIA FRIEDMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
SHANAN EGGER	TREASURER	10.00	Officer	$0	$0	$0
JAMES BICAK	DIRECTOR	2.00	Director	$0	$0	$0
LAQUITA BEDENFIELD	DIRECTOR	2.00	Director	$0	$0	$0
JARIUS BROOKINS	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
GILLIAN FLYNN	DIRECTOR	2.00	Director	$0	$0	$0
LAZARAUS GOOSBY	DIRECTOR	2.00	Director	$0	$0	$0
ERROL STONE	DIRECTOR	2.00	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	$9,272,197	$9,535,381	$23,311,765	$-263,184
2024	No data	No data	No data	No data
2023	$8,154,768	$8,579,805	$23,835,965	$-425,037
2022	$8,123,157	$7,170,001	$13,150,588	$953,156
2021	$7,657,330	$6,934,347	$13,709,522	$722,983
2020	$6,752,230	$6,794,193	$13,264,945	$-41,963
2019	$6,434,933	$5,899,881	$12,225,880	$535,052
2018	$6,061,188	$5,530,237	$11,537,321	$530,951

LEGACY CHARTER SCHOOL