LEGACY SCHOLARSHIP FUNDS INC (EIN 382458957) - 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

1983

Legal Domicile

Principal Officer

MARY RIEMERSMA

Phone

2483635853

Tax Period

2024-10-01 to 2025-09-30

LEGACY SCHOLARSHIP FUNDS INC, founded in 1983, is a small nonprofit that reported $159K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $145K left a modest 9% surplus.

Mission

GRANTING COLLEGE SCHOLARSHIPS

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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 $79,752

Program Service Revenue $0

Investment Income $79,150

Other Revenue $0

TOTAL REVENUE $158,902

Expense Breakdown

Grants Paid $119,560

Salaries & Benefits $7,500

Fundraising Expenses $0

Program Expenses $119,560

Other Expenses $18,034

TOTAL EXPENSES $145,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,902	$130,298	+0.2%
Expenses	$145,094	$128,453	+0.1%
Net Income	$13,808	$1,845	+6.5%

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

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

$7,500

Total Directors

$7,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE SANDRA	SECRETARY	8.00	Officer Director	$7,500	$0	$7,500
GARBUTT BARBARA	DIRECTOR	1.00	Director	$0	$0	$0
FELDPAUSCH BRYAN	OFFICER AT L	1.00	Officer Director	$0	$0	$0
WEAKLAND GAYLE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BULLER JEAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRZANOWSKI KATHRYN	DIRECTOR	1.00	Director	$0	$0	$0
TRENHOLM KRISTIN	DIRECTOR	1.00	Director	$0	$0	$0
VANLEUWEN NANCY	DIRECTOR	1.00	Director	$0	$0	$0
HOWALD NEAL	PRESIDENT	1.00	Officer Director	$0	$0	$0
CALLCUT PHILIP	DIRECTOR	1.00	Director	$0	$0	$0
PERRY RICHARD	OFFICER AT L	1.00	Officer Director	$0	$0	$0
SMITH RICHARD	DIRECTOR	1.00	Director	$0	$0	$0
MARY RIEMERSMA	TREASURER	1.00	Officer Director	$0	$0	$0
NIX RUTH	DIRECTOR	1.00	Director	$0	$0	$0
LYNCH JR TIM	DIRECTOR	1.00	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
2025	$158,902	$145,094	$1,463,435	$13,808
2024	$130,298	$128,453	$1,440,608	$1,845
2023	$75,871	$121,223	$1,380,201	$-45,352
2022	$108,099	$134,815	$1,343,474	$-26,716
2021	$114,662	$126,535	$1,466,391	$-11,873
2020	$114,100	$116,125	$1,449,917	$-2,025
2019	$179,723	$122,088	$1,471,654	$57,635

LEGACY SCHOLARSHIP FUNDS INC