62ND AND 65TH REGIMENTS LEGACY FOUNDATION INC (EIN 237325582) - 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

1970

Legal Domicile

Principal Officer

MATTHIAS TOLKSDORF

Phone

5732915384

Tax Period

2023-07-01 to 2024-06-30

62ND AND 65TH REGIMENTS LEGACY FOUNDATION INC, founded in 1970, is a small nonprofit in the Education sector that reported $686K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $12.0M represent 210 months of operating reserves.

Mission

THE PRIMARY MISSION OF THE FOUNDATION IS TO DEVELOP, MANAGE AND AWARD SCHOLARSHIP FUNDS FOR SCHOLARSHIPS IN ACCORDANCE WITH DONOR INTENT TO QUALIFIED LINCOLN UNIVERSITY STUDENTS.

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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 $172,612

Program Service Revenue $0

Investment Income $513,493

Other Revenue $40

TOTAL REVENUE $686,145

Expense Breakdown

Grants Paid $384,160

Salaries & Benefits $100,327

Fundraising Expenses $0

Program Expenses $417,530

Other Expenses $195,302

TOTAL EXPENSES $679,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$686,145	$1,133,585	-0.4%
Expenses	$679,789	$500,356	+0.4%
Net Income	$6,356	$633,229	-1.0%

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

$69,917

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARDY K DORSEY SR	DIRECTOR	1.00	Director	$0	$0	$0
DR EMILY MAHON	DIRECTOR	3.75	Director	$0	$0	$0
JOHN R RENCHER JR	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED HARRIS SR	PRESIDENT	3.75	Officer Director	$0	$0	$0
CORTEZ BRADLEY	EMERITUS DIRECTOR	0.50	Director	$0	$0	$0
JAMES MAHON	EMERITUS DIRECTOR	0.50	Director	$0	$0	$0
DR JEROME OFFORD JR	SECRETARY	3.75	Officer Director	$0	$0	$0
LASHAWNDA C JONES	DIRECTOR	2.75	Director	$0	$0	$0
SHELVY L CONVERT	DIRECTOR	3.75	Director	$0	$0	$0
ANN E HARRIS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
COLETTE M HOSIE	DIRECTOR	1.00	Director	$0	$0	$0
STERLING M LANE	DIRECTOR	1.00	Director	$0	$0	$0
LEONARD WOODSON	DIRECTOR	2.75	Director	$0	$0	$0
JOHN L BOWMAN SR	DIRECTOR	1.50	Director	$0	$0	$0
MATTHIAS TOLKSDORF	TREASURER	3.75	Officer Director	$0	$0	$0
JOSHUA BUIE	DIRECTOR	1.50	Director	$0	$0	$0
CHRIS DAWSON	DIRECTOR	1.50	Director	$0	$0	$0
QUINCY DUNLAP	DIRECTOR	1.50	Director	$0	$0	$0
DAVID L HEARD JR	DIRECTOR	1.50	Director	$0	$0	$0
TERRY WILSON	DIRECTOR	1.50	Director	$0	$0	$0
RICHARD POPP	DIRECTOR	1.50	Director	$0	$0	$0
DR JOHN MOSELEY	DIRECTOR	1.50	Director	$0	$0	$0
SYLVIA WILSON	EXECUTIVE DIRECTOR	40.00	Officer	$69,917	$0	$69,917

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	No data	No data	No data	No data
2024	$686,145	$679,789	$12,044,572	$6,356
2023	$1,133,585	$500,356	$10,963,535	$633,229
2022	$672,144	$321,217	$10,081,205	$350,927
2021	$762,539	$346,625	$12,018,571	$415,914
2020	$324,909	$606,881	$9,007,989	$-281,972
2019	$865,359	$746,121	$10,048,497	$119,238
2018	$895,133	$756,652	$10,530,722	$138,481

62ND AND 65TH REGIMENTS LEGACY FOUNDATION INC