THE LEGACY ARTS PROJECT INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

ERIN PERRY

Phone

4124523847

Tax Period

2024-01-01 to 2024-12-31

THE LEGACY ARTS PROJECT INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $927K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO PRESERVE THE HISTORY AND TRADITIONS OF AFRICAN ART AS PRESENTED THROUGHOUT THE DIASPORA

Program Service Accomplishments

Program 1

Expenses: $167,125

CORE PROGRAMS: TEACHING STUDENTS TO PRESERVE THE RICH HERITAGE OF THE AFRICAN DIASPORA USING AFRICAN SONG, DANCE, DRUMMING, VISUAL ARTS, LECTURES, AND STORYTELLING. INCLUDES SUMMER PROGRAMS, SATURDAY...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $769,261

Program Service Revenue $157,052

Investment Income $26

Other Revenue $525

TOTAL REVENUE $926,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $484,309

Fundraising Expenses $2,733

Program Expenses $167,125

Other Expenses $436,485

TOTAL EXPENSES $923,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$926,864	$788,465	+0.2%
Expenses	$923,527	$1,010,518	-0.1%
Net Income	$3,337	$-222,053	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$80,261

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN PERRY	EXECUTIVE DI	40.00	Director	$80,261	$0	$80,261
ANTHONY B MITCHELL PHD	INTERIM VICE	N/A	Director	$0	$0	$0
TINA DANIELS	BOARD MEMBER	N/A		$0	$0	$0
K CHASE PATTERSON	BOARD MEMBER	N/A		$0	$0	$0
LAWRENCE URADU	BOARD MEMBER	N/A		$0	$0	$0
LEA BLUMENFELD	INTERIM CHAI	N/A	Officer	$0	$0	$0
BEKEZELA MGUNI	SECRETARY	N/A	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
2024	$926,864	$923,527	$332,760	$3,337
2023	$788,465	$1,010,518	$322,876	$-222,053
2022	$896,729	$905,358	$448,601	$-8,629
2021	$1,002,717	$849,865	$449,994	$152,852
2020	$609,558	$469,518	$294,504	$140,040
2019	$446,416	$431,511	$155,924	$14,905
2018	$320,806	$298,740	$136,785	$22,066