LEGACY PARKS FOUNDATION

EIN: 204631230 501(c)(3) Recreation & Sports

KNOXVILLE, TN

Total Revenue
$2,184,525
Total Expenses
$1,221,024
Total Assets
$4,684,170
Net Assets
$4,631,119
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
TN
Principal Officer
CAROL EVANS
Phone
8655252585
Tax Period
2023-01-01 to 2023-12-31

LEGACY PARKS FOUNDATION, founded in 2005, is a community nonprofit in the Recreation & Sports sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $964K, a strong 44% operating margin.

Mission

LEGACY PARKS FOUNDATION WORKS TO ASSURE THAT OUR COMMUNITY ENJOYS EXCEPTIONAL RECREATIONAL OPPORTUNITIES, NATURAL BEAUTY AND OPEN SPACES, AND THAT THOSE ASSETS EXIST FOR GENERATIONS TO COME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,092,062
Program Service Revenue $0
Investment Income $47,191
Other Revenue $45,272
TOTAL REVENUE $2,184,525

Expense Breakdown

Grants Paid $0
Salaries & Benefits $433,817
Fundraising Expenses $120,441
Program Expenses $1,039,834
Other Expenses $787,207
TOTAL EXPENSES $1,221,024

Year-over-Year Comparison

2023 2022 Change
Revenue $2,184,525 $1,273,267 +0.7%
Expenses $1,221,024 $813,678 +0.5%
Net Income $963,501 $459,589 +1.1%
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

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Governance

Voting Members
24
Independent Members
24
Employees
6
Volunteers
100

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
$163,279
Total Directors
25
$163,279
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY NELSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
DON PARNELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
CECILIA PETERSEN TREASURER 1.00
Officer Director
$0 $0 $0
NICKI COLLETT SECRETARY 1.00
Officer Director
$0 $0 $0
CATHY ACKERMANN BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDON BRUCE BOARD MEMBER 1.00
Director
$0 $0 $0
BART CAREY BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE COLLINS BOARD MEMBER 1.00
Director
$0 $0 $0
SHERYL ELY BOARD MEMBER 1.00
Director
$0 $0 $0
DUANE GRIEVE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNY HINES BOARD MEMBER 1.00
Director
$0 $0 $0
MARV HOUSE BOARD MEMBER 1.00
Director
$0 $0 $0
ROCIO HUET BOARD MEMBER 1.00
Director
$0 $0 $0
LARSEN JAY BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID LONG BOARD MEMBER 1.00
Director
$0 $0 $0
JOE MACK BOARD MEMBER 1.00
Director
$0 $0 $0
BILL MASON BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE MOUL BOARD MEMBER 1.00
Director
$0 $0 $0
JOE PETRE BOARD MEMBER 1.00
Director
$0 $0 $0
TODD SKELTON BOARD MEMBER 1.00
Director
$0 $0 $0
WILL SKELTON BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLIE THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS TRUMP BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD YOUNGBLOOD BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL EVANS EXECUTIVE DIRECTOR 40.00
Officer Director
$163,279 $0 $163,279
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 No data No data No data No data
2023 $2,184,525 $1,221,024 $4,684,170 $963,501
2022 $1,273,267 $813,678 $2,817,666 $459,589
2021 $1,000,351 $608,643 $2,339,940 $391,708
2020 $1,567,728 $1,295,185 $2,019,629 $272,543
2019 $836,512 $642,621 $1,699,628 $193,891
2018 $830,976 $475,353 $1,536,948 $355,623
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