The Legacy Foundation of Hartford Inc (EIN 453908154) - 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

Greg Jones

Phone

8609561911

Tax Period

2022-07-01 to 2023-06-30

The Legacy Foundation of Hartford Inc, founded in 2011, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 131% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

To address educational and health disparities for residents of the North End of Hartford, its youth in particular. It does so via its own initiatives, such as LEAP, and by supporting numerous community projects that align with its mission.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,091,867

Program Service Revenue $0

Investment Income $149

Other Revenue $3,085

TOTAL REVENUE $1,095,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,346

Fundraising Expenses $32,488

Program Expenses $940,709

Other Expenses $837,640

TOTAL EXPENSES $1,050,986

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,095,101	$473,396	+1.3%
Expenses	$1,050,986	$490,608	+1.1%
Net Income	$44,115	$-17,212	-3.6%

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

$57,090

Total Directors

$57,090

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Jones	Chairman/Executive Director	40.00	Officer Director	$57,090	$0	$57,090
Phil Kane	Vice Chairman	2.00	Director	$0	$0	$0
Joe Santana	Secretary/Treasurer	2.00	Director	$0	$0	$0
Sam Galloway	Member at Large	2.00	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	No data	No data	No data	No data
2023	$1,095,101	$1,050,986	$986,851	$44,115
2022	$473,396	$490,608	$134,276	$-17,212
2021	$523,871	$474,312	$177,816	$49,559
2020	$493,426	$483,758	$180,364	$9,668
2019	$302,276	$297,597	$90,183	$4,679
2018	$323,618	$330,044	$81,624	$-6,426

The Legacy Foundation of Hartford Inc