Legacies of Success CDC (EIN 271408423) - 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

Legal Domicile

Principal Officer

Brendan Haggerty

Phone

2342813032

Tax Period

2024-01-01 to 2024-12-31

Legacies of Success CDC is a small nonprofit in the Crime & Legal sector that reported $147K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Net assets of $508K represent 42 months of operating reserves.

Mission

Legacies of Success is a Christian community development corporation created to help revitalize and stabilize the North Hill community by providing affordable housing and promoting homeownership.

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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 $139,019

Program Service Revenue $6,240

Investment Income $1,560

Other Revenue $0

TOTAL REVENUE $146,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,550

Fundraising Expenses $6,003

Program Expenses $142,219

Other Expenses $88,213

TOTAL EXPENSES $156,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,819	$105,450	+0.4%
Expenses	$156,763	$169,284	-0.1%
Net Income	$-9,944	$-63,834	-0.8%

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

283

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

$60,036

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brendan Haggerty	Executive Dir.	40.00	Director	$60,036	$0	$60,036
Timothy Chafins	Director	2.00	Director	$0	$0	$0
Rodney Matthews	President	5.00	Officer Director	$0	$0	$0
Bena Paisley	Director	2.00	Director	$0	$0	$0
Eli Dorman	Director	2.00	Director	$0	$0	$0
David Kleckner	Secretary	2.00	Officer Director	$0	$0	$0
Olivia Noland	Vice President	2.00	Officer Director	$0	$0	$0
David Wright	Treasurer	5.00	Officer 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
2024	$146,819	$156,763	$512,971	$-9,944
2023	$105,450	$169,284	$501,776	$-63,834
2022	$119,350	$98,946	$559,692	$20,404
2022	$22,701	$25,256	$556,976	$-2,555
2021	$170,597	$130,855	$522,632	$39,742

Legacies of Success CDC