LEGACY BROADCASTING INC (EIN 274351197) - 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

2020

Legal Domicile

Principal Officer

Walter Lancaster

Phone

2086595654

Tax Period

2024-01-01 to 2024-12-31

LEGACY BROADCASTING INC, founded in 2020, is a small nonprofit that reported $357K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $335K left a modest 6% surplus.

Mission

Legacy Broadcasting's mission is to disseminate the Gospel of Jesus Christ through the electronic or radio broadcast of programming, including educational material, music, and other related programming.

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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 (2024)

Revenue Breakdown

Contributions & Grants $357,280

Program Service Revenue $0

Investment Income $26

Other Revenue $0

TOTAL REVENUE $357,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,745

Fundraising Expenses $0

Program Expenses $223,925

Other Expenses $266,899

TOTAL EXPENSES $334,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,306	$293,535	+0.2%
Expenses	$334,644	$284,004	+0.2%
Net Income	$22,662	$9,531	+1.4%

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

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

$34,267

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karla Lancaster	Secretary	15.00	Director	$21,364	$0	$21,364
Walter Lancaster	Executive Dir.	40.00	Director	$12,903	$0	$12,903
Harold Lambert	Treasurer	0.00	Director	$0	$0	$0
Linda Lambert	Director	0.00	Director	$0	$0	$0
John Schroeder	Director	0.00	Director	$0	$0	$0
Ron Vander Griend	Director	0.00	Director	$0	$0	$0
Valerie Vander Griend	Director	0.00	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	$357,306	$334,644	$177,079	$22,662
2023	$293,535	$284,004	$159,261	$9,531
2021	$209,164	$252,807	$268,534	$-43,643

LEGACY BROADCASTING INC