TENDER LOVING CARE CENTER FOR CHILDREN DBA LEGACY COMMUNITY DEVELOPMENT INC (EIN 208023787) - 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

2008

Legal Domicile

Principal Officer

VIVIAN BALLOU

Phone

4098322723

Tax Period

2023-01-01 to 2023-12-31

TENDER LOVING CARE CENTER FOR CHILDREN DBA LEGACY COMMUNITY DEVELOPMENT INC, founded in 2008, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring.

Mission

TO ASSIST IN PROVIDING AFFORDABLE HOUSING FOR LOW ANDMODERATE INCOME PERSONS, OPERATING EXCLUSIVELY AS A COMMUNITY HOUSING DEVELOPMENT CORPORATIONAND TO DEVELOP, OWN AND OVERSEE THE MANAGEMENT OF DECENT, AFFORDABLE HOUSING FOR LOW AND MODERATEINCOME PERSONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,203,461

Program Service Revenue $1,288

Investment Income $-218,553

Other Revenue $259,708

TOTAL REVENUE $3,245,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $761,491

Fundraising Expenses $0

Program Expenses $3,050,055

Other Expenses $2,465,187

TOTAL EXPENSES $3,226,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,245,904	$5,897,368	-0.4%
Expenses	$3,226,678	$5,992,936	-0.5%
Net Income	$19,226	$-95,568	-1.2%

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

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
CLEVELAND COMO JR	BOARD MEMBER	0.00	Director	$0	$0	$0
PAULA HALL	SECRETARY	0.00	Officer	$0	$0	$0
LAKERCIA LEVY	PRESIDENT	0.00	Officer	$0	$0	$0
VIVIAN BALLOU	EXECUTIVE DIRECTOR	40.00	Highest	$120,783	$0	$120,783

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	$3,245,904	$3,226,678	$4,676,300	$19,226
2022	$5,897,368	$5,992,936	$4,644,340	$-95,568
2021	$1,810,801	$871,028	$4,020,391	$939,773
2021	$1,891,850	$894,460	$3,932,472	$997,390
2020	$1,255,885	$1,442,870	$2,901,814	$-186,985
2019	$1,023,630	$1,416,987	$2,706,579	$-393,357
2018	$818,264	$606,608	$2,798,299	$211,656

TENDER LOVING CARE CENTER FOR CHILDREN DBA LEGACY COMMUNITY DEVELOPMENT INC