LEACH FOUNDATION (EIN 456011507) - 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

Phone

7016423532

Tax Period

2024-01-01 to 2024-12-31

LEACH FOUNDATION is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $392K, a strong 21% operating margin.

Mission

Operation of a basic care retirement home.

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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 $58,487

Program Service Revenue $1,793,726

Investment Income $7,331

Other Revenue $0

TOTAL REVENUE $1,859,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $967,804

Fundraising Expenses $0

Program Expenses $1,232,221

Other Expenses $499,690

TOTAL EXPENSES $1,467,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,859,544	$1,532,705	+0.2%
Expenses	$1,467,494	$1,442,145	+0.0%
Net Income	$392,050	$90,560	+3.3%

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

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

$121,612

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSIE MILLER	Executive Dir.	40.00	Director	$108,112	$0	$108,112
DON KRASSIN	Treasurer	1.00	Director	$3,900	$0	$3,900
LAURA STRAUS	Director	1.00	Director	$3,600	$0	$3,600
BRAD BAKKEN	President	1.00	Director	$3,000	$0	$3,000
DONNA KEOGH	Secretary	1.00	Director	$3,000	$0	$3,000

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	$1,859,544	$1,467,494	$2,621,054	$392,050
2023	$1,532,705	$1,442,145	$2,251,355	$90,560
2022	$1,642,568	$1,771,078	$2,167,172	$-128,510
2022	$1,641,026	$1,771,078	$2,165,630	$-130,052
2021	$1,268,728	$1,466,452	$2,300,394	$-197,724
2020	$1,675,834	$1,658,979	$2,476,597	$16,855
2020	$1,674,483	$1,658,979	$2,475,246	$15,504
2019	$1,498,398	$1,531,568	$2,483,943	$-33,170
2018	$1,369,674	$1,358,533	$2,506,724	$11,141

LEACH FOUNDATION