THE LEGACY FOUNDATION

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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

2021

Legal Domicile

Principal Officer

BRYAN STEVENSON

Phone

3342691803

Tax Period

2023-10-01 to 2024-09-30

THE LEGACY FOUNDATION, founded in 2021, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $32.8M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.8M, a strong 45% operating margin.

Mission

THE LEGACY FOUNDATION IS A CHARITABLE, CULTURAL AND EDUCATIONAL NONPROFIT ESTABLISHED TO PROMOTE A DEEPER UNDERSTANDING OF AMERICA'S HISTORY BY SUPPORTING CULTURAL INSTITUTIONS, EDUCATIONAL PROJECTS AND INITIATIVES, AND PROJECT SUPPORT DEDICATED TO THIS PURPOSE.

Program Service Accomplishments

Program 1

Expenses: $17,743,327

LEGACY FOUNDATION WILL PROVIDE LONG TERM SUPPORT TO THE LEGACY SITES IN MONTGOMERY, ALABAMA. ACQUISITIONS, SITE ENHANCEMENTS AND DEVELOPMENT WILL BE CONSIDERED AND EVALUATED BY THE FOUNDATION TO...

LEGACY FOUNDATION WILL PROVIDE LONG TERM SUPPORT TO THE LEGACY SITES IN MONTGOMERY, ALABAMA. ACQUISITIONS, SITE ENHANCEMENTS AND DEVELOPMENT WILL BE CONSIDERED AND EVALUATED BY THE FOUNDATION TO IMPROVE, MAINTAIN AND PRESERVE THE FUNCTIONING OF THE SPACES AND THE VISITOR EXPERIENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $30,000,000

Program Service Revenue $0

Investment Income $2,842,528

Other Revenue $0

TOTAL REVENUE $32,842,528

Expense Breakdown

Grants Paid $650,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,743,327

Other Expenses $17,344,175

TOTAL EXPENSES $17,994,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,842,528	$20,056,128	+0.6%
Expenses	$17,994,175	$3,616,718	+4.0%
Net Income	$14,848,353	$16,439,410	-0.1%

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

$179,174

Total Directors

$537,838

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONIA KAPADIA	DIRECTOR	20.00	Director	$0	$23,057	$143,167
SIA SANNEH	DIRECTOR	20.00	Director	$0	$5,764	$133,544
RANDALL SUSSKIND	DIRECTOR	20.00	Director	$0	$23,057	$81,953
BRYAN STEVENSON	PRESIDENT	20.00	Officer Director	$0	$8,155	$8,155
TERA DUVERNAY	SECRETARY/TREASURER	20.00	Officer Director	$0	$23,057	$171,019

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	$32,842,528	$17,994,175	$89,485,200	$14,848,353
2023	$20,056,128	$3,616,718	$74,636,847	$16,439,410
2022	$-789,899	$1,011,852	$58,197,437	$-1,801,751
2021	$60,000,157	$969	$59,999,188	$59,999,188