The Legacy of Love Foundation Inc

EIN: 232214748 501(c)(3)

Bala Cynwyd, PA

Total Revenue
$192,472
Total Expenses
$59,920
Total Assets
$1,029,539
Net Assets
$1,029,539
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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
1981
Legal Domicile
PA
Principal Officer
Barbara Wells
Phone
2152537919
Tax Period
2024-07-01 to 2025-06-30

The Legacy of Love Foundation Inc, founded in 1981, is a small nonprofit that reported $192K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 69% operating margin.

Mission

To promote academic excellence support the underserved and provide solutions for improving the quality of life in the community through fundraising and other methods.

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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 (2024)

Revenue Breakdown

Contributions & Grants $92,311
Program Service Revenue $0
Investment Income $100,161
Other Revenue $0
TOTAL REVENUE $192,472

Expense Breakdown

Grants Paid $39,163
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $57,669
Other Expenses $20,757
TOTAL EXPENSES $59,920

Year-over-Year Comparison

2024 2023 Change
Revenue $192,472 $139,093 +0.4%
Expenses $59,920 $75,099 -0.2%
Net Income $132,552 $63,994 +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
15
Independent Members
15
Employees
N/A
Volunteers
25

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
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Banks President 8.00
Officer Director
$0 $0 $0
Dr Adrienne Y Semidey Vice Pres 3.00
Officer Director
$0 $0 $0
Michelle Harris Secretary 3.00
Officer Director
$0 $0 $0
Barbara L Wells Treasurer 3.00
Officer Director
$0 $0 $0
Afra Muhammad Asst Treasurer 3.00
Officer Director
$0 $0 $0
Valenica Carte Barnes Board Member 1.00
Director
$0 $0 $0
Rhonda Jackson Board Member 1.00
Director
$0 $0 $0
Ewinda Coverson-Barnes Board Member 1.00
Director
$0 $0 $0
Sharron Goode-Grant Board Member 1.00
Director
$0 $0 $0
Susan C Moody Board Member 1.00
Director
$0 $0 $0
Karol Mason Board Member 1.00
Director
$0 $0 $0
Cherron Fleming Board Member 1.00
Director
$0 $0 $0
Constance Major Board Member 1.00
Director
$0 $0 $0
Gloria Plezeer Board Member 1.00
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 $192,472 $59,920 $1,029,539 $132,552
2024 $139,093 $75,099 $929,444 $63,994
2023 $97,202 $63,339 $865,450 $33,863
2022 $75,339 $49,287 $864,120 $26,052
2021 $219,218 $37,085 $837,475 $182,133
2020 $25,797 $51,455 $655,342 $-25,658
2019 $58,039 $53,316 $685,200 $4,723
2018 $64,256 $28,940 $680,477 $35,316
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