ASHLAND LEGACY TRUST (EIN 456496788) - 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

2017

Legal Domicile

Principal Officer

LISA ARMSTRONG

Phone

4192811040

Tax Period

2024-01-01 to 2024-12-31

ASHLAND LEGACY TRUST, founded in 2017, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 168% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 46% operating margin.

Mission

THE TRUST WILL ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES FOCUSED ON SUPPORTING THE MISSION AND ENDOWMENT OF ASHLAND UNIVERSITY. ASHLAND UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION THAT OFFERS UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREE PROGRAMS. THE TRUST WILL FURTHER ITS EXEMPT PURPOSE BY ACTING PRIMARILY AS A GRANT-MAKING ORGANIZATION PROVIDING FUNDS TO ASHLAND UNIVERSITY.

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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 $4,073,438

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,073,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,187,719

Other Expenses $2,189,399

TOTAL EXPENSES $2,189,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,073,438	$1,518,479	+1.7%
Expenses	$2,189,399	$2,782,459	-0.2%
Net Income	$1,884,039	$-1,263,980	-2.5%

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
LISA ARMSTRONG	TRUSTEE	1.75	Director	$0	$0	$0
THOMAS PICKERING	TRUSTEE	1.25	Director	$0	$0	$0
RICK SPRENG	TRUSTEE	0.25	Director	$0	$0	$0
JOHN A VANOSDALL	TRUSTEE	0.25	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	$4,073,438	$2,189,399	$3,956,768	$1,884,039
2023	$1,518,479	$2,782,459	$5,279,745	$-1,263,980
2022	$1,147,355	$2,537,020	$3,909,984	$-1,389,665
2021	No data	$1,660,286	$4,120,436	No data
2020	No data	$1,718,694	$4,048,686	No data
2019	$523,136	$1,909,035	$4,125,710	$-1,385,899
2018	$520,594	$1,505,335	$4,522,304	$-984,741

ASHLAND LEGACY TRUST