Legacy Minded Men (EIN 273473896) - 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

Joseph Pellegrino

Phone

9738658000

Tax Period

2023-01-01 to 2023-12-31

Legacy Minded Men, founded in 2010, is a small nonprofit in the Human Services sector that reported $146K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $298K exceeded revenue, resulting in a 104% operating deficit.

Mission

Inspiring and motivating men to be spiritual leaders in their households.

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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 $145,607

Program Service Revenue $278

Investment Income $476

Other Revenue $0

TOTAL REVENUE $146,361

Expense Breakdown

Grants Paid $631

Salaries & Benefits $211,763

Fundraising Expenses $0

Program Expenses $281,162

Other Expenses $85,527

TOTAL EXPENSES $297,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,361	$379,534	-0.6%
Expenses	$297,921	$332,702	-0.1%
Net Income	$-151,560	$46,832	-4.2%

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

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Pellegrino	Executive Director	40.00	Director	$90,000	$0	$90,000

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	No data	No data	No data	No data
2023	$146,361	$297,921	$65,215	$-151,560
2022	$379,534	$332,702	$224,540	$46,832
2021	$479,074	$433,330	$197,103	$45,744
2020	$454,288	$364,509	$115,503	$89,779
2019	$270,301	$281,120	No data	$-10,819
2018	$217,537	$201,402	No data	$16,135

Legacy Minded Men