RESCUE LEGACY FUND INC

EIN: 273090753 501(c)(3) Religion

DURHAM, NC

Total Revenue
$6,624,078
Total Expenses
$1,377,561
Total Assets
$38,934,960
Net Assets
$38,872,241
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
GAIL MILLS
Phone
9196889641
Tax Period
2024-01-01 to 2024-12-31

RESCUE LEGACY FUND INC, founded in 2010, is a community nonprofit in the Religion sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 716% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 79% operating margin.

Mission

TO PROMOTE, SUPPORT, AND FACILITATE THE WORK OF RESCUE MISSIONS MINISTRIES, INC. (D/B/A DURHAM RESCUE MISSION), DURHAM NC, A NONPROFIT CORPORATION ORGANIZED UNDER NC LAW. GOD HAS BLESSED RESCUE MISSION MINISTRIES, INC. WITH FUNDS THAT HAVE BEEN DESIGNATED BY THE BOARD OF DIRECTORS IN ITS LONG RANGE PLAN FOR UTILIZATION OF UNRESTRICTED NET ASSET FUNDS. THE PRIMARY OBJECTIVE IS TO BE A GOOD STEWARD OF THESE ASSETS, BY MANAGING AND PRODUCING A FAVORABLE INVESTMENT RETURN AS COMPARED AGAINST INFLATION.

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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 $6,382,590
Program Service Revenue $0
Investment Income $-1,325,265
Other Revenue $1,566,753
TOTAL REVENUE $6,624,078

Expense Breakdown

Grants Paid $0
Salaries & Benefits $228,067
Fundraising Expenses $136,929
Program Expenses $1,149,494
Other Expenses $1,149,494
TOTAL EXPENSES $1,377,561

Year-over-Year Comparison

2024 2023 Change
Revenue $6,624,078 $812,148 +7.2%
Expenses $1,377,561 $937,199 +0.5%
Net Income $5,246,517 $-125,051 -43.0%
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

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Governance

Voting Members
6
Independent Members
6
Employees
2
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
6
$97,877
Total Directors
6
$97,877
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERNIE MILLS CHAIRMAN 20.00
Officer Director
$26,963 $23,011 $49,974
GAIL MILLS EXECUTIVE DI 20.00
Officer Director
$44,355 $3,548 $47,903
CHARLES CHURCHLL CHAPLAIN 0.30
Officer Director
$0 $0 $0
GARY DOANE SECRETARY 0.30
Officer Director
$0 $0 $0
MARK TWISDALE TREASURER 0.30
Officer Director
$0 $0 $0
TOM WILLIAMS VICE CHAIRMA 0.30
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
2025 No data No data No data No data
2024 $6,624,078 $1,377,561 $38,934,960 $5,246,517
2023 $812,148 $937,199 $32,377,173 $-125,051
2022 $3,864,354 $889,246 $28,409,336 $2,975,108
2021 $3,583,922 $1,722,696 $26,511,238 $1,861,226
2020 $3,885,710 $1,332,308 $23,535,448 $2,553,402
2019 $2,179,905 $313,540 $20,253,545 $1,866,365
2018 $2,205,088 $406,600 $17,467,071 $1,798,488
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