LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT (EIN 471941953) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Phone

9362092085

Tax Period

2023-01-01 to 2023-12-31

LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT, founded in 2014, is a small nonprofit in the Youth Development sector that reported $927K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE LEGACY INSTITUTE OF FINANCIAL EDUCATION EXISTS TO TEACH FINANCIAL LITERACY, CREATE ECONOMIC STABILITY, AND BUILD GENERATIONAL WEALTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $762,137

Program Service Revenue $153,236

Investment Income $2,680

Other Revenue $9,069

TOTAL REVENUE $927,122

Expense Breakdown

Grants Paid $6,591

Salaries & Benefits $585,523

Fundraising Expenses $48,272

Program Expenses $814,630

Other Expenses $426,232

TOTAL EXPENSES $1,018,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$927,122	$825,277	+0.1%
Expenses	$1,018,346	$820,706	+0.2%
Net Income	$-91,224	$4,571	-21.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
REAGAN McCLENNY	President	2.00	Officer Director	$0	$0	$0
TIM WALKER	Secretary	2.00	Officer Director	$0	$0	$0
MARTHA MALDONADO	Vice President	1.00	Officer Director	$0	$0	$0
KRYSTAL RILEY	Director	1.00	Director	$0	$0	$0
MAXINE PETERS-GILES	Director	1.00	Director	$0	$0	$0
MONICA PETERS-CLARK	Director	1.00	Director	$0	$0	$0
MALCOLM DEASON	Treasurer	3.00	Officer 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	$927,122	$1,018,346	$719,800	$-91,224
2022	$825,277	$820,706	$749,684	$4,571
2021	$542,886	$607,565	$771,368	$-64,679
2019	$269,246	$314,560	$176,708	$-45,314
2018	$150,256	$128,228	$156,063	$22,028

LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT