LEGADO DE ESPERANZA FOUNDATION (EIN 453466233) - 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

Principal Officer

MATTHEW SPANGLER

Phone

3022575227

Tax Period

2023-01-01 to 2023-12-31

LEGADO DE ESPERANZA FOUNDATION, founded in 2011, is a small nonprofit that reported $336K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

FAITH BASED ORGANIZATION CONTRIBUTING HOLISTIC SOLUTIONS TO CARING FOR ORPHANED AND VULNERABLE CHILDREN IN HONDURAS THROUGH FOSTER CARE, CRISIS CARE, TRANSITION CARE, AND FAMILY PRESERVATION.

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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 $309,684

Program Service Revenue $26,655

Investment Income $0

Other Revenue $0

TOTAL REVENUE $336,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,018

Fundraising Expenses $2,969

Program Expenses $287,404

Other Expenses $211,910

TOTAL EXPENSES $336,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,339	$359,205	-0.1%
Expenses	$336,928	$366,241	-0.1%
Net Income	$-589	$-7,036	-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

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
JENNIFER YACKANECH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MATTHEW SPANGLER	SECRETARY	2.00	Officer Director	$0	$0	$0
NICHOLAS YACKANECH	DIRECTOR	1.00	Director	$0	$0	$0
JON STACY	DIRECTOR	1.00	Director	$0	$0	$0
MARIA BETHANCOURT	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
2023	$336,339	$336,928	$40,765	$-589
2022	$359,205	$366,241	$49,111	$-7,036
2021	$343,970	$486,742	$56,704	$-142,772
2020	$359,084	$373,114	$195,016	$-14,030
2019	$406,434	$385,669	$61,244	$20,765
2018	$309,402	$311,895	$38,971	$-2,493

LEGADO DE ESPERANZA FOUNDATION