LEGACY MINISTRIES INC (EIN 274421717) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

ELLSTON WHITE

Tax Period

2023-01-01 to 2023-12-31

LEGACY MINISTRIES INC, founded in 2011, is a small nonprofit in the Religion sector that reported $565K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 29% operating margin.

Mission

LEGACY MINISTRIES INC IS THE FOUNDER AND OPERATOR OF THE LEGACYWORKS YOUTH DEVELOPMENT PROGRAM. LEGACYWORKS IS EMPOWERING HIGH SCHOOL STUDENTS THROUGH PERSONAL DEVELOPMENT, SUCCESSFUL EMPLOYMENT AND COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $436,436

Program Service Revenue $36,659

Investment Income $796

Other Revenue $91,305

TOTAL REVENUE $565,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,854

Fundraising Expenses $31,800

Program Expenses $353,845

Other Expenses $140,691

TOTAL EXPENSES $401,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$565,196	$376,424	+0.5%
Expenses	$401,545	$282,181	+0.4%
Net Income	$163,651	$94,243	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLY WESTFALL	EXECUTIVE DIRECTOR	40.00	Highest	$53,000	$0	$53,000
JEREMY GALLEGOS	MEMBER-BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
TARA WETZLER	MEMBER-BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
CHARISSA JOCHEMS	MEMBER-BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
JEAN GARINGER	MEMBER-BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
MIRIAM OVERHOLT	MEMBER-BOARD OF DIRECTOR	6.00	Director	$0	$0	$0
CYNTHIA BERNER	TREASURER	3.00	Officer Director	$0	$0	$0
LAURA L WALKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY VAUGHN	SECRETARY	2.00	Officer 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	No data	No data	No data	No data
2023	$565,196	$401,545	$434,424	$163,651
2022	$376,424	$282,181	$271,498	$94,243
2021	$344,220	$325,976	$174,585	$18,244
2020	$246,554	$259,694	$162,340	$-13,140
2019	$227,362	$237,389	$170,693	$-10,027
2018	$300,958	$190,591	$171,541	$110,367

LEGACY MINISTRIES INC