LEGACY COMMUNITY ENGAGEMENT CORPORATION (EIN 271761971) - 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

2009

Legal Domicile

Principal Officer

BRENT SOBOL

Phone

4042752389

Tax Period

2023-01-01 to 2023-12-31

LEGACY COMMUNITY ENGAGEMENT CORPORATION, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 24% operating deficit.

Mission

WE SERVE DISADVANTAGED COMMUNITIES WORLDWIDE BY PROVIDING CHARITY, FINANCIAL SUPPORT AND INVESTMENT IN AREAS SUCH AS REAL ESTATE, COMMUNITY DEVELOPMENT, MINISTRIES, MEDICAL OUTREACH, EDUCATION, CHILDREN'S WELLNESS AND MENTAL HEALTH. WE SUPPORT PEOPLE AND ORGANIZATIONS THAT TRANSFORM LIVES AND COMMUNITIES. OUR INITIATIVES ELEVATE ALL MANKIND.

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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 $11,783

Program Service Revenue $1,358,054

Investment Income $137,979

Other Revenue $0

TOTAL REVENUE $1,507,816

Expense Breakdown

Grants Paid $355,713

Salaries & Benefits $175,000

Fundraising Expenses $0

Program Expenses $1,687,180

Other Expenses $1,340,121

TOTAL EXPENSES $1,870,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,507,816	$-545,905	-3.8%
Expenses	$1,870,834	$930,869	+1.0%
Net Income	$-363,018	$-1,476,774	-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

N/A

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

$175,000

Total Directors

$175,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT SOBOL	PRESIDENT AND EXECUTIVE DI	44.00	Officer Director	$175,000	$0	$175,000
JD SOBOL	VICE PRESIDENT	2.20	Officer Director	$0	$0	$0
JOE FRISELLA	TREASURER	3.70	Officer Director	$0	$0	$0
PHILIP GUISTOLISE	SECRETARY	0.40	Officer Director	$0	$0	$0
CORTLAND PLICHTA	TRUSTEE	0.20	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
2023	$1,507,816	$1,870,834	$6,278,360	$-363,018
2022	$-545,905	$930,869	$6,506,518	$-1,476,774
2021	$451,244	$657,705	$8,137,171	$-206,461
2020	$396,503	$1,100,761	$8,528,662	$-704,258
2019	$6,935,551	$3,669,260	$9,139,465	$3,266,291
2018	$2,991,563	$3,418,615	$14,571,776	$-427,052

LEGACY COMMUNITY ENGAGEMENT CORPORATION