LEGACY ADVANCEMENT (EIN 465664419) - 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

2014

Legal Domicile

Phone

8645580626

Tax Period

2023-01-01 to 2023-12-31

LEGACY ADVANCEMENT, founded in 2014, is a small nonprofit in the Education sector that reported $757K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $279K, a strong 37% operating margin.

Mission

PUBLIC CHARITY THAT IS THE FUNDRAISING ARM OF LEGACY EARLY COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $707,551

Program Service Revenue $0

Investment Income $49,118

Other Revenue $0

TOTAL REVENUE $756,669

Expense Breakdown

Grants Paid $219,092

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $413,288

Other Expenses $258,495

TOTAL EXPENSES $477,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$756,669	$1,397,776	-0.5%
Expenses	$477,587	$376,767	+0.3%
Net Income	$279,082	$1,021,009	-0.7%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARY H HALL	VICE PRESIDENT, SECRETARY	1.0	Officer Director	$0	$0	$0
CHARLES BREWER	Treasurer	1.0	Officer Director	$0	$0	$0
WILLIAM W BROWN	PRESIDENT	8.0	Officer Director	$0	$0	$0
ADELA MENDOZA	BOARD MEMBER	1.0	Director	$0	$0	$0
LLYN STRONG	BOARD MEMBER	1.0	Director	$0	$0	$0
STEVE LANZL	BOARD MEMBER	1.0	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	No data	No data	No data	No data
2023	$756,669	$477,587	$2,524,829	$279,082
2022	$1,397,776	$376,767	$2,282,667	$1,021,009
2021	$600,024	$405,633	$1,038,520	$194,391
2020	$1,109,749	$549,438	$838,300	$560,311
2019	$532,240	$497,010	$258,661	$35,230
2018	$810,423	$802,620	$233,557	$7,803

LEGACY ADVANCEMENT