MPC Legacy Foundation (EIN 462335572) - 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

2012

Legal Domicile

Principal Officer

William C Lauderbach

Phone

9898356759

Tax Period

2024-01-01 to 2024-12-31

MPC Legacy Foundation, founded in 2012, is a community nonprofit in the Religion sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 57% operating margin.

Mission

The organization's mission is to provide continued financial support to the Memorial Presbyterian Church of Midland.

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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 $719,200

Program Service Revenue $0

Investment Income $3,456,821

Other Revenue $0

TOTAL REVENUE $4,176,021

Expense Breakdown

Grants Paid $1,765,818

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,765,818

Other Expenses $33,999

TOTAL EXPENSES $1,799,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,176,021	$2,339,849	+0.8%
Expenses	$1,799,817	$1,713,533	+0.1%
Net Income	$2,376,204	$626,316	+2.8%

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
William C Lauderbach	President	1.00	Officer Director	$0	$0	$0
Kirk W Fisher	Vice Pres/Treasurer	1.00	Officer Director	$0	$0	$0
Barry B George	Secretary	1.00	Officer Director	$0	$0	$0
Michael Doty	Trustee	1.00	Director	$0	$0	$0
Katy Leonard	Trustee	1.00	Director	$0	$0	$0
Amy Wilson	Trustee	1.00	Director	$0	$0	$0
Jordan Summers	Trustee	1.00	Director	$0	$0	$0
Arthur W Kuper	Trustee	1.00	Director	$0	$0	$0
William Schmidt	Trustee	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
2024	$4,176,021	$1,799,817	$59,779,311	$2,376,204
2023	$2,339,849	$1,713,533	$52,141,049	$626,316
2022	$2,751,447	$1,491,297	$46,124,919	$1,260,150
2021	$2,749,835	$470,002	$53,014,384	$2,279,833
2020	$2,472,975	$1,535,650	$44,711,173	$937,325
2019	$2,305,069	$1,906,740	$38,214,770	$398,329
2018	$4,759,020	$1,102,078	$33,551,716	$3,656,942
2017	$2,649,742	$1,247,817	$36,196,102	$1,401,925

MPC Legacy Foundation