WAGC CHRISTIAN LEGACY FUND (EIN 454226460) - 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

Phone

3206644171

Tax Period

2024-01-01 to 2024-12-31

WAGC CHRISTIAN LEGACY FUND, founded in 2011, is a micro nonprofit in the Religion sector that reported $192K in total revenue in fiscal year 2024.

Mission

THE PURPOSE SHALL BE TO ESTABLISH AND MAINTAIN A MISSIONARY AND EVANGELISTIC CHURCH FOR THE PROPAGATION OF THE GOSPEL OF JESUS CHRIST BY ALL AVAILABLE MEANS, BOTH IN OUR HOMELAND AND IN FOREIGN LANDS, AND TO PROVIDE A PLACE OF WORSHIP OF THE ALMIGHTY GOD, OUR HEAVENLY FATHER, AND TO PROVIDE FOR CHRISTIAN FELLOWSHIP OF THOSE OF LIKE FAITH, WHERE THE HOLY GHOST MAY BE HONORED ACCORDING TO OUR DISTINCTIVE TESTIMONY.

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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 $0

Investment Income $10,121

Other Revenue $-201,735

TOTAL REVENUE $-191,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $220,639

TOTAL EXPENSES $220,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-191,614	$-194,506	0.0%
Expenses	$220,639	$2,281	+95.7%
Net Income	$-412,253	$-196,787	+1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
RON HUISINGA	Chairman	Officer	$0	$0	$0
GREGG HANSON	VICE CHAIR	Officer	$0	$0	$0
GARY BONNEMA	Treasurer	Officer	$0	$0	$0
BUTCH ALLEN	Secretary	Officer	$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	$-191,614	$220,639	$6,750,252	$-412,253
2023	$-194,506	$2,281	$7,162,505	$-196,787
2022	$-200,163	$2,320	$7,359,292	$-202,483
2021	$-201,017	$2,219	$7,561,775	$-203,236
2020	$-202,904	$2,086	$7,765,011	$-204,990
2019	$1,902	$140,717	$7,970,001	$-138,815
2018	$-2,013	$50,973	$8,108,816	$-52,986

WAGC CHRISTIAN LEGACY FUND