Legacy Traditional School - Surprise (EIN 472207406) - 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

Principal Officer

Heather Jones

Phone

4802705438

Tax Period

2022-07-01 to 2023-06-30

Legacy Traditional School - Surprise, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $23.5M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $21.6M left a modest 8% surplus.

Mission

TO PROVIDE MOTIVATED STUDENTS WITH THE OPPORTUNITY TO ACHIEVE ACADEMIC EXCELLENCE IN AN ...(CONTINUED IN SCHEDULE O)

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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 (2022)

Revenue Breakdown

Contributions & Grants $22,068,579

Program Service Revenue $1,166,052

Investment Income $273,928

Other Revenue $16,500

TOTAL REVENUE $23,525,059

Expense Breakdown

Grants Paid $1,325,000

Salaries & Benefits $11,229,195

Fundraising Expenses $0

Program Expenses $17,991,061

Other Expenses $9,089,922

TOTAL EXPENSES $21,644,117

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,525,059	$21,739,628	+0.1%
Expenses	$21,644,117	$20,060,081	+0.1%
Net Income	$1,880,942	$1,679,547	+0.1%

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

239

Volunteers

2260

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
Joshua Leon	Principal	40.0	Highest	$119,836	$16,913	$136,749
Rebecca Wayne	Principal (LOA)	40.0	Highest	$100,158	$3,667	$103,825
Jenni Ferrin	Secretary	1.0	Officer Director	$0	$0	$0
Kathy Senseman	TREASURER	1.0	Officer Director	$0	$0	$0
Heather JOnes	President	1.0	Officer Director	$0	$0	$0
Diego Gettler	Director	1.0	Director	$0	$0	$0
James Beaudoin	Director	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$23,525,059	$21,644,117	$34,098,893	$1,880,942
2022	$21,739,628	$20,060,081	$32,663,284	$1,679,547
2021	$16,357,315	$15,030,425	$32,091,284	$1,326,890
2020	$15,682,997	$14,597,035	$30,882,955	$1,085,962
2019	$15,466,003	$13,095,864	$29,769,714	$2,370,139
2018	$13,502,479	$12,712,550	$27,306,507	$789,929

Legacy Traditional School - Surprise