32ND ST LEGACY FUND (EIN 452860392) - 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

SCOTT ANDERSEN

Phone

6023918503

Tax Period

2024-01-01 to 2024-12-31

32ND ST LEGACY FUND, founded in 2011, is a small nonprofit in the Religion sector that reported $261K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 32% operating margin.

Mission

TO SUPPORT THE ACTIVITIES OF GENESIS, AN EVANGELICAL COVENANT CHURCH IN PHOENIX, AZ

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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 $0

Program Service Revenue $138,978

Investment Income $3,133

Other Revenue $119,235

TOTAL REVENUE $261,346

Expense Breakdown

Grants Paid $8,716

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $154,338

Other Expenses $168,038

TOTAL EXPENSES $176,754

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,346	$165,273	+0.6%
Expenses	$176,754	$166,314	+0.1%
Net Income	$84,592	$-1,041	-82.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN LUNCEFORD	DIRECTOR AS OF JUNE 2024	1.00	Director	$0	$0	$0
EDWARD HANSEN	DIRECTOR AS OF FEB 2024	1.00	Director	$0	$0	$0
JAMES RATHKEY	DIRECTOR AS OF JAN 2024	1.00	Director	$0	$0	$0
BRAD KETTLELKAMP	DIRECTOR	1.00	Director	$0	$0	$0
JAKE JACOBSEN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BARNES	PRESIDENT UNTIL FEB 2024	5.00	Officer Director	$0	$0	$0
SCOTT ANDERSEN	TREASURER / PRESIDENT AS OF FEB 2024	5.00	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
2024	$261,346	$176,754	$3,063,528	$84,592
2023	$165,273	$166,314	$3,078,779	$-1,041
2022	$214,145	$165,238	$3,213,784	$48,907
2021	$203,664	$169,266	$3,273,500	$34,398
2020	$41,286	$426,124	$3,298,928	$-384,838
2019	$532,347	$273,900	$3,806,326	$258,447
2018	$234,585	$144,247	$3,585,801	$90,338

32ND ST LEGACY FUND