COLLEGES OF LAW LEGACY CORPORATION

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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

Phone

8056441120

Tax Period

2018-01-01 to 2018-12-31

COLLEGES OF LAW LEGACY CORPORATION, founded in 2010, is a micro nonprofit that reported $2K in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. Expenses of $3.9M exceeded revenue, resulting in a 189095% operating deficit.

Mission

THE GENERAL PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE TO PROMOTE, ENCOURAGE AND CARRY ON ANY RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL ENDEAVOR WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. IN EXPLANATION OF THESE GENERAL PURPOSES, AND NOT IN LIMITATION THEREOF, THE CORPORATION IS FORMED MORE SPECIFICALLY TO PROMOTE AND ENCOURAGE EDUCATIONAL AND INSTRUCTIONAL ACTIVITIES OF SCHOOLS AND COLLEGES, INCLUDING WITHOUT LIMITATION, LAW SCHOOLS, LOCATED WITHIN THE STATE OF CALIFORNIA WHICH QUALIFY AS AN EXEMPT ORGANIZATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 THROUGH (I) THE MAKING OF CONTRIBUTIONS OF CASH OR OTHER PROPERTY, REAL OR PERSONAL AND (II) THE SUPPORT OF THE FUND-RAISING EFFORTS OF SUCH SCHOOLS AND COLLEGES.

Program Service Accomplishments

Program 1

Expenses: $3,918,233

The property is currently being used by a non profit law school.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,071

Other Revenue $0

TOTAL REVENUE $2,071

Expense Breakdown

Grants Paid $3,850,506

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,918,233

Other Expenses $67,727

TOTAL EXPENSES $3,918,233

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,071	$2,399	-0.1%
Expenses	$3,918,233	$61,610	+62.6%
Net Income	$-3,916,162	$-59,211	+65.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LINDSAY NIELSON	Secretary	Director	$0	$0	$0
MARY JANE MILLER	Director	Director	$0	$0	$0
WENDY LASCHER	President	Officer	$0	$0	$0
CLARK C HUBBARD	CFO	Officer	$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
2018	$2,071	$3,918,233	No data	$-3,916,162