LEGACY FOUNDATION INC (EIN 351872803) - 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

1992

Legal Domicile

Principal Officer

KELLY ANOE

Phone

2197361880

Tax Period

2024-01-01 to 2024-12-31

LEGACY FOUNDATION INC, founded in 1992, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $43.1M in total revenue in fiscal year 2024. Revenue surged 781% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35.1M, a strong 81% operating margin.

Mission

THE LEGACY FOUNDATION, INC. WILL SEEK AND ACCEPT ENDOWMENTS FROM PUBLIC AND PRIVATE SOURCES AND DISTRIBUTE GRANTS FOR COMMUNITY ENHANCING PROJECTS AND OTHER CHARITABLE PURPOSES.

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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 $35,866,088

Program Service Revenue $1,103,307

Investment Income $6,101,424

Other Revenue $0

TOTAL REVENUE $43,070,819

Expense Breakdown

Grants Paid $5,377,632

Salaries & Benefits $751,588

Fundraising Expenses $248,192

Program Expenses $6,072,132

Other Expenses $1,840,427

TOTAL EXPENSES $7,969,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,070,819	$4,887,322	+7.8%
Expenses	$7,969,647	$6,109,239	+0.3%
Net Income	$35,101,172	$-1,221,917	-29.7%

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

$146,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FREYEK	CHAIR	1.00	Officer Director	$0	$0	$0
SEAN EGAN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MATT DOYLE	TREASURER	1.00	Officer Director	$0	$0	$0
SHERRI ZILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
CAREY YUKICH	IMMEDIATE PA	1.00	Director	$0	$0	$0
JAMES DUNNE	DIRECTOR	1.00	Director	$0	$0	$0
ALFREDO ESTRADA	DIRECTOR	1.00	Director	$0	$0	$0
KARIMA HASAN BEY	DIRECTOR	1.00	Director	$0	$0	$0
ROD GAYDA	DIRECTOR	1.00	Director	$0	$0	$0
LISA GOODNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY GORDON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN KAVOIS	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
PAM OTT	DIRECTOR	1.00	Director	$0	$0	$0
VERLIE SUGGS	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN SZARLETA	DIRECTOR	1.00	Director	$0	$0	$0
PHIL TAILLON	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA WHITTINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
KELLY ANOE	PRESIDENT	40.00	Officer	$141,233	$5,766	$146,999

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	$43,070,819	$7,969,647	$123,834,639	$35,101,172
2023	$4,887,322	$6,109,239	$84,051,402	$-1,221,917
2022	$980,728	$5,598,888	$75,398,108	$-4,618,160
2021	$23,418,316	$5,769,114	$89,947,975	$17,649,202
2020	$16,103,447	$6,741,036	$82,702,603	$9,362,411
2019	$8,080,055	$4,277,525	$67,598,357	$3,802,530
2018	$10,230,677	$4,191,981	$58,448,948	$6,038,696

LEGACY FOUNDATION INC