THE LEGACY FOUNDATION OF SEATTLE (EIN 412042340) - 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

Legal Domicile

Principal Officer

CARMEN MAYO

Phone

2062842031

Tax Period

2023-05-01 to 2024-04-30

THE LEGACY FOUNDATION OF SEATTLE is a small nonprofit in the Philanthropy & Grantmaking sector that reported $271K in total revenue in fiscal year 2023. Expenses of $262K left a modest 3% surplus.

Mission

THE FOUNDATION WAS FORMED TO PROVIDE EDUCATIONAL PROGRAMS BENEFITTING LOW INCOME CHILDRENFAMILIES ADDRESSING THE AFRICANAMERICAN COMUNITY

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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 $21,426

Program Service Revenue $0

Investment Income $30,924

Other Revenue $218,365

TOTAL REVENUE $270,715

Expense Breakdown

Grants Paid $245,120

Salaries & Benefits $0

Fundraising Expenses $8,585

Program Expenses $245,120

Other Expenses $17,143

TOTAL EXPENSES $262,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,715	$284,315	0.0%
Expenses	$262,263	$198,230	+0.3%
Net Income	$8,452	$86,085	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIENNE HEILE	PRESIDENT	5.000	Officer Director	$0	$0	$0
JOVONIA TAYLOR	VICE PRESIDENT	5.000	Officer Director	$0	$0	$0
NINEVAH LOWERY	RECORDING SECRETARY	1.000	Officer	$0	$0	$0
ROXANNE CHRISTIAN	CORRESPONDING SECRETAR	1.000	Officer	$0	$0	$0
CHELSIA BERRY	FINANCIAL SECRETARY	5.000	Officer Director	$0	$0	$0
MAYA DILLARD	TREASURER	5.000	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
2025	No data	No data	No data	No data
2024	$270,715	$262,263	$955,517	$8,452
2023	$284,315	$198,230	$927,690	$86,085
2022	$228,652	$266,558	$887,735	$-37,906
2021	$202,313	$154,820	$935,608	$47,493
2020	$174,457	$142,500	$714,209	$31,957
2019	$219,781	$228,377	$740,101	$-8,596

THE LEGACY FOUNDATION OF SEATTLE