THE LEGACY FOUNDATION ACTION FUND

EIN: 452711332

SIOUX CITY, IA

Total Revenue
$306
Total Expenses
$1,320
Total Assets
$39,155
Net Assets
$39,155
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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
2013
Legal Domicile
IA
Principal Officer
CHRISTOPHER RANTS
Phone
7124908742
Tax Period
2024-01-01 to 2024-12-31

THE LEGACY FOUNDATION ACTION FUND, founded in 2013, is a micro nonprofit that reported $306 in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 331% operating deficit.

Mission

TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE UNITED STATES BY EDUCATING THE PUBLIC ON PUBLIC POLICY ISSUES, INCLUDING STATE FISCAL AND TAX POLICY, THE CREATION OF AN ENTREPRENEURIAL ENVIRONMENT, EDUCATION, LABOR-MANAGEMENT RELATIONS, CITIZENSHIP, CIVIL RIGHTS, AND GOVERNMENT TRANSPARENCY ISSUES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $306
Other Revenue $0
TOTAL REVENUE $306

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,320
TOTAL EXPENSES $1,320

Year-over-Year Comparison

2024 2023 Change
Revenue $306 $7,889 -1.0%
Expenses $1,320 $24,094 -0.9%
Net Income $-1,014 $-16,205 -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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER RANTS PRESIDENT & SECRETARY 25.00
Officer Director
$0 $0 $0
DEBORAH PETERS SECRETARY 1.00
Officer Director
$0 $0 $0
CURT BRAMBLE 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 No data No data No data No data
2024 $306 $1,320 $39,155 $-1,014
2023 $7,889 $24,094 $39,895 $-16,205
2022 $62 $2,174 $56,100 $-2,112
2021 $50,002 $39,168 $58,212 $10,834
2020 $65,022 $26,176 $47,378 $38,846
2019 $78,622 $73,032 $8,532 $5,590
2018 $97,692 $99,265 $2,942 $-1,573
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