Legacy Christian School (EIN 381398859) - 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

1944

Legal Domicile

Principal Officer

Ben Meyering

Phone

6164553870

Tax Period

2024-08-01 to 2025-07-31

Legacy Christian School, founded in 1944, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $10.2M represent 41 months of operating reserves.

Mission

The Legacy Christian School family endows the next generation with a thoroughly biblical education experience, and seeks to nurture students into becoming Christ followers and kingdom builders with passion and unity.

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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 $339,466

Program Service Revenue $2,335,143

Investment Income $56,306

Other Revenue $231,351

TOTAL REVENUE $2,962,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,450,745

Fundraising Expenses $0

Program Expenses $2,969,675

Other Expenses $639,005

TOTAL EXPENSES $3,089,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,962,266	$4,136,025	-0.3%
Expenses	$3,089,750	$5,436,295	-0.4%
Net Income	$-127,484	$-1,300,270	-0.9%

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

250

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

$113,078

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Curt DeYoung	Head of School	050.00	Key Emp Highest	$91,469	$21,609	$113,078
Mark Ouwinga	Vice President	005.00	Officer	$0	$0	$0
Ben Meyering	Secretary	004.00	Officer	$0	$0	$0
Joe Ponstein	Treasurer	004.00	Officer	$0	$0	$0
Erin Goodman	Vicar	004.00	Officer	$0	$0	$0
Mike Plaisier	President	006.00	Officer	$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
2025	$2,962,266	$3,089,750	$10,206,074	$-127,484
2024	$4,136,025	$5,436,295	$10,295,670	$-1,300,270
2023	$4,083,303	$3,611,693	$11,690,010	$471,610
2022	$3,429,602	$2,740,160	$11,161,051	$689,442
2021	$3,161,207	$2,706,774	$10,775,320	$454,433
2020	$2,846,702	$2,340,766	$9,911,796	$505,936
2019	$2,651,861	$2,486,958	$9,480,233	$164,903
2018	$2,518,980	$2,454,025	$9,365,583	$64,955

Legacy Christian School