THE LEGACY AT NORTH AUGUSTA INC (EIN 452857307) - 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

2011

Legal Domicile

Principal Officer

CYNTHIA WALTERS

Phone

3013542710

Tax Period

2024-01-01 to 2024-12-31

THE LEGACY AT NORTH AUGUSTA INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $7.0M in total revenue in fiscal year 2024. Expenses of $10.0M exceeded revenue, resulting in a 42% operating deficit.

Mission

PROVIDES RESIDENTIAL CARE AND ASSISTED LIVING SERVICES TO OLDER ADULTS.

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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 $25,655

Program Service Revenue $6,463,858

Investment Income $474,589

Other Revenue $45,536

TOTAL REVENUE $7,009,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,247,110

Fundraising Expenses $0

Program Expenses $8,171,363

Other Expenses $6,727,378

TOTAL EXPENSES $9,974,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,009,638	$6,813,031	+0.0%
Expenses	$9,974,488	$9,588,710	+0.0%
Net Income	$-2,964,850	$-2,775,679	+0.1%

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

122

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

$737,607

Total Directors

$497,990

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROD RONNEBERG	CHAIR	1.00	Officer Director	$0	$0	$0
LISA SHOAF	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BILL BIGELOW	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DIANE BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA WALTERS	PRESIDENT/CEO	7.50	Officer Director	$0	$31,093	$497,990
DONNA CASNER	VICE PRESIDENT FINANCE	7.50	Officer	$0	$18,427	$239,617

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	$7,009,638	$9,974,488	$24,039,136	$-2,964,850
2023	$6,813,031	$9,588,710	$24,052,613	$-2,775,679
2022	$7,132,911	$9,778,725	$24,686,036	$-2,645,814
2021	$7,712,821	$8,015,879	$26,067,977	$-303,058
2020	$5,786,748	$7,480,862	$26,109,101	$-1,694,114
2019	$5,594,656	$6,267,917	$24,522,375	$-673,261
2018	$5,569,943	$6,391,098	$16,453,054	$-821,155

THE LEGACY AT NORTH AUGUSTA INC