The Legacy Project (EIN 273165505) - 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

2010

Legal Domicile

Principal Officer

Ralph Kennedy

Phone

3126081198

Tax Period

2023-01-01 to 2023-12-31

The Legacy Project, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $166K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

To inform, inspire, enlighten and foster an appreciation for the extraordinary role gay, lesbian, bisexual and transgendered people have played to advance world history and culture.

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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 $134,374

Program Service Revenue $15,721

Investment Income $14

Other Revenue $15,955

TOTAL REVENUE $166,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,775

Fundraising Expenses $10,701

Program Expenses $123,435

Other Expenses $135,028

TOTAL EXPENSES $181,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,064	$149,250	+0.1%
Expenses	$181,803	$153,676	+0.2%
Net Income	$-15,739	$-4,426	+2.6%

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

$51,095

Total Directors

$7,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ralph Kennedy	President	3.00	Officer Director	$0	$0	$0
Kit Welch	Vice President	3.00	Officer Director	$0	$0	$0
Steve Kenney	Treasurer	3.00	Officer Director	$0	$0	$0
Jeff Haurykiewicz	Secretary	3.00	Officer Director	$0	$0	$0
Gabriel Gomez	Board Member	3.00	Director	$0	$0	$0
Matthew Hartz	Board Member	3.00	Director	$0	$0	$0
Scott Lundius	Board Member	3.00	Director	$0	$0	$0
David Martin	Board Member	3.00	Director	$0	$0	$0
Geraldine Jointer	Board Member	3.00	Director	$0	$0	$0
Mitch Locin	Board Member	3.00	Director	$0	$0	$0
Mario LaPlaca	Board Member	3.00	Director	$0	$0	$0
Carrie Maxwell	Contracted Staff	10.00	Director	$7,200	$0	$7,200
Victor Salvo	Executive Director	60.00	Officer	$46,775	$4,320	$51,095

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	No data	No data	No data	No data
2023	$166,064	$181,803	$121,970	$-15,739
2022	$149,250	$153,676	$137,709	$-4,426
2021	$111,740	$99,806	$142,135	$11,934
2020	$169,315	$98,598	$151,957	$70,717
2019	$179,361	$148,241	$81,240	$31,120

The Legacy Project