LEGACY MINISTRIES INC

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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

2009

Legal Domicile

Principal Officer

MAUREEN METCALF

Phone

3076734757

Tax Period

2024-01-01 to 2024-12-31

LEGACY MINISTRIES INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $433K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $492K exceeded revenue, resulting in a 14% operating deficit.

Mission

PARTNERING WITH THE BODY OF CHRIST TO OFFER HOPE, HELP, AND RESTORATION TO THOSE WHO ARE AT-RISK OF OR ARE FACING AN UNPLANNED PREGNANCY.

Program Service Accomplishments

Program 1

Expenses: $428,209

THE PURPOSE OF LEGACY MINISTRIES, INC. IS THE COMMUNICATION OF OUR VISION WITH AREA CHURCHES AND INDIVIDUALS, BUILDING RELATIONSHIPS WITH OTHER AGENCIES AND EXTENDING OUTREACH TO SHERIDAN COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $400,625

Program Service Revenue $0

Investment Income $15,717

Other Revenue $17,002

TOTAL REVENUE $433,344

Expense Breakdown

Grants Paid $24,876

Salaries & Benefits $307,464

Fundraising Expenses $24,182

Program Expenses $428,209

Other Expenses $159,992

TOTAL EXPENSES $492,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,344	$456,940	-0.1%
Expenses	$492,332	$469,099	+0.0%
Net Income	$-58,988	$-12,159	+3.9%

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

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

$106,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX LOFTUS	BOARD MEMBER	0.20	Director	$0	$0	$0
ROSS ELLIOTT	BOARD MEMBER	0.20	Director	$0	$0	$0
ELIZABETH MOORE	SECRETARY	0.20	Officer Director	$0	$0	$0
ALISON MEACHAM	BOARD MEMBER	0.20	Director	$0	$0	$0
MAUREEN METCALF	PRESIDENT/EXECUTIVE DIRECT	40.00	Officer	$106,596	$0	$106,596
SIERRA MULLINAX	CHAIR	0.20	Officer	$0	$0	$0
NICOLE BURGESS	TREASURER	0.20	Officer	$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
2024	$433,344	$492,332	$918,631	$-58,988
2023	$456,940	$469,099	$962,137	$-12,159
2022	$346,990	$484,649	$967,211	$-137,659
2021	$416,615	$380,204	$1,146,120	$36,411
2020	$345,348	$351,128	$1,113,693	$-5,780
2019	$353,061	$354,559	$1,092,341	$-1,498
2018	$379,897	$324,677	$1,080,546	$55,220