LEGACY21 INC

EIN: 274013601 501(c)(3) Education

MESQUITE, TX

Total Revenue
$18,340,461
Total Expenses
$20,560,473
Total Assets
$36,474,367
Net Assets
$1,794,358
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
TX
Principal Officer
STACI WEAVER
Phone
4692491099
Tax Period
2023-09-01 to 2024-08-31

LEGACY21 INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $18.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $20.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

The vision of Legacy Preparatory Charter Academy is that all LPCA schools will serve as a model school of excellence, addressing the needs of all school community stakeholders. The mission of Legacy Preparatory Charter Academy is to prepare all scholars to be college and career ready by giving them ownership of their own learning through the development of intellectual and emotional independence while instilling the values needed to propel them into becoming successful 21st century leaders.

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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 (2023)

Revenue Breakdown

Contributions & Grants $18,095,321
Program Service Revenue $53,016
Investment Income $192,124
Other Revenue $0
TOTAL REVENUE $18,340,461

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,813,974
Fundraising Expenses $0
Program Expenses $16,923,422
Other Expenses $7,746,499
TOTAL EXPENSES $20,560,473

Year-over-Year Comparison

2023 2022 Change
Revenue $18,340,461 $20,437,215 -0.1%
Expenses $20,560,473 $20,705,713 0.0%
Net Income $-2,220,012 $-268,498 +7.3%
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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Governance

Voting Members
5
Independent Members
5
Employees
268
Volunteers
100

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
4
$323,184
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACI WEAVER SUPERINTENDENT 65.00
Officer
$197,509 $14,470 $211,979
JOSIE EASTMAN SR. DIRECTOR 50.00
$118,750 $0 $118,750
MARIA FERNANDEZ SENIOR DIRECTOR 50.00
$115,829 $0 $115,829
ANGELA WILLIS ASST. SUPERINT. 60.00
Officer
$111,205 $0 $111,205
MARY KAHAMA FED FUNDS OFF 50.00
$109,855 $0 $109,855
SANDRA VROMAN SR. DIRECTOR 50.00
$107,309 $0 $107,309
BYRON RICKS BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
VINCE VITTATOE Secretary 1.00
Officer Director
$0 $0 $0
MEGAN BAUER BOARD MEMBER 1.00
Director
$0 $0 $0
RAMIL PAREDES BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER ALEMAN SALAZAR BOARD MEMBER 1.00
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
2024 $18,340,461 $20,560,473 $36,474,367 $-2,220,012
2023 $20,437,215 $20,705,713 $39,524,618 $-268,498
2022 $20,667,864 $20,084,091 $40,073,655 $583,773
2021 $19,212,915 $17,937,749 $40,270,776 $1,275,166
2020 $17,941,832 $18,430,705 $40,681,015 $-488,873
2019 $14,933,581 $15,363,008 $40,906,444 $-429,427
2018 $14,052,263 $12,823,553 $40,741,591 $1,228,710
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