LEGACY LEARNING CENTER INC

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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

3174232866

Tax Period

2023-07-01 to 2024-06-30

LEGACY LEARNING CENTER INC, founded in 2014, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $570K, a strong 23% operating margin.

Mission

Philosophy is rooted in the belief that every student has the right to the best quality of education available and tat education is a process which encompasses the entire experience students encounter in their school. Education is for grades 1-12.

Program Service Accomplishments

Program 1

Expenses: $1,888,668 Revenue: $566,423

To instill in our students a real love of learning to make them lifelong learners. To offer the best possible educational opportunities and experiences to allow our students to reach their highest...

To instill in our students a real love of learning to make them lifelong learners. To offer the best possible educational opportunities and experiences to allow our students to reach their highest potential. To develop in our students a desire willingness and ability to be positive contributing members of their school community and of the community at large. To instill in our students a real love for and understanding of the teachings and practices of Islam with particular emphasis on respect effective communication and cooperation. To develop in our students strong leadership skills by fostering self-discipline self-motivation strong work habits the ability to think critically and the desire to do one's best. To encourage each student to cherish his her own cultural values and heritage to respect individuals with different cultural backgrounds. To develop each student's ability to analyze and solve problems facing individuals in a rapidly changing world. To prepare students to do well on standardized tests. To empower students to seek and succeed in post-secondary education. To hire the most qualified faculty and staff. To provide faculty staff and students access to the best possible resources to enable them reach their highest educational and extracurricular goals. To include parents in the educational process by regularly updating them on school activities; including them in special training and workshop opportunities dedicated to supporting their parenting duties; and inviting them to participate in all school-related activities. The school served 185 students during the 2021-2022 school year.

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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 $2,455,091

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,455,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,044,208

Fundraising Expenses $0

Program Expenses $1,888,668

Other Expenses $840,610

TOTAL EXPENSES $1,884,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,455,091	$1,697,893	+0.4%
Expenses	$1,884,818	$2,003,258	-0.1%
Net Income	$570,273	$-305,365	-2.9%

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

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
Muhamed Becovic	President	5.00	Officer Director	$0	$0	$0
Nasir Butt	Treasurer Secretary	5.00	Officer Director	$0	$0	$0
Dino Becovic	Director	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
2025	No data	No data	No data	No data
2024	$2,455,091	$1,884,818	$1,142,503	$570,273
2023	$1,697,893	$2,003,258	$599,310	$-305,365
2022	$1,385,142	$1,195,378	$916,732	$189,764
2021	$1,278,608	$1,164,095	$726,968	$114,513
2020	$1,036,578	$868,989	$611,450	$167,589
2019	$901,596	$661,740	$438,361	$239,856