LEGACY ENDOWMENT INC (EIN 204626278) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Troy Gariss

Phone

9133818055

Tax Period

2024-04-01 to 2025-03-31

LEGACY ENDOWMENT INC, founded in 2006, is a micro nonprofit in the Religion sector that reported $51K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 30% operating margin.

Mission

The organization's mission is to manage and grow assets for its parent organization, Legacy Christian Church, for purposes of enhanced ministry. In this regard the organizations' most significant activity is to function as an endowment fund, investing for growth and income.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $51,381

Other Revenue $0

TOTAL REVENUE $51,381

Expense Breakdown

Grants Paid $36,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,000

Other Expenses $0

TOTAL EXPENSES $36,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,381	$195,162	-0.7%
Expenses	$36,000	$15,000	+1.4%
Net Income	$15,381	$180,162	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Delbert Walls	Director and President	2	Officer Director	$0	$0	$0
Joe Mack	Director and Secretary	2	Officer Director	$0	$0	$0
Jon Carr	Director	2	Director	$0	$0	$0
Troy Gariss	Director	2	Director	$0	$0	$0
Robert Geis	Director	2	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	$51,381	$36,000	$2,103,627	$15,381
2024	$195,162	$15,000	$2,088,246	$180,162
2023	No data	$145,819	$1,908,084	No data
2022	$65,749	$2,651	$2,053,903	$63,098
2021	$380,070	$755	$1,990,805	$379,315

LEGACY ENDOWMENT INC