LEGACY CHRISTIAN SCHOOL INC (EIN 202546917) - 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

2004

Legal Domicile

Principal Officer

DARIN MOON

Phone

3177764186

Tax Period

2024-06-01 to 2024-07-31

LEGACY CHRISTIAN SCHOOL INC, founded in 2004, is a micro nonprofit in the Education sector that reported $71K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $159K exceeded revenue, resulting in a 124% operating deficit.

Mission

THE MISSION OF LEGACY CHRISTIAN SCHOOL IS TO PREPARE STUDENTS SPIRITUALLY AND SKILLFULLY FOR LIFE AHEAD.

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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 $67,500

Program Service Revenue $3,133

Investment Income $31

Other Revenue $400

TOTAL REVENUE $71,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,239

Fundraising Expenses $0

Program Expenses $152,968

Other Expenses $155,221

TOTAL EXPENSES $159,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,064	$3,085,653	-1.0%
Expenses	$159,460	$3,619,496	-1.0%
Net Income	$-88,396	$-533,843	-0.8%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNIE WATSON	BOARD MEMBER	3.00	Director	$0	$0	$0
BRAD ELLIOTT	BOARD MEMBER	3.00	Director	$0	$0	$0
RAY VARTANIAN	SECRETARY	3.00	Officer Director	$0	$0	$0
DARIN MOON	CHAIR	3.00	Officer Director	$0	$0	$0
JAMES WATSON	BOARD MEMBER	3.00	Director	$0	$0	$0
JUSTIN BRAMMER	TREASURER	3.00	Officer Director	$0	$0	$0
SARA BLANTON	DIRECTOR OF OPERATIONS	50.00	Officer	$0	$0	$0
CHRISTIAN MCNEILLY	HEAD OF SCHOOL	50.00	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	$71,064	$159,460	$1,671,448	$-88,396
2024	$3,085,653	$3,619,496	$1,694,389	$-533,843
2023	$3,069,700	$3,662,980	$2,253,616	$-593,280
2022	$3,738,321	$2,890,544	$2,889,436	$847,777
2021	$2,063,041	$1,883,340	$2,098,671	$179,701
2020	$1,628,529	$1,744,731	$1,322,118	$-116,202
2019	$1,490,476	$1,702,034	$1,253,374	$-211,558
2018	$1,560,124	$1,265,669	$1,407,950	$294,455

LEGACY CHRISTIAN SCHOOL INC