LEGACY PHILANTHROPY WORKS

EIN: 472584632 501(c)(3) Environment

SANTA BARBARA, CA

Total Revenue
$3,156,159
Total Expenses
$2,535,236
Total Assets
$1,629,783
Net Assets
$1,318,943
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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
WY
Principal Officer
CARL PALMER
Phone
8056986887
Tax Period
2023-01-01 to 2023-12-31

LEGACY PHILANTHROPY WORKS, founded in 2014, is a community nonprofit in the Environment sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $621K, a strong 20% operating margin.

Mission

FACILITATE CONSERVATION AND COMMUNITY IMPACT PARTNERSHIPS AND INNOVATIVE IMPACT FINANCE INITIATIVES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $965,816
Program Service Revenue $2,190,025
Investment Income $318
Other Revenue $0
TOTAL REVENUE $3,156,159

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,601,577
Fundraising Expenses $55,985
Program Expenses $2,237,676
Other Expenses $913,359
TOTAL EXPENSES $2,535,236

Year-over-Year Comparison

2023 2022 Change
Revenue $3,156,159 $1,730,473 +0.8%
Expenses $2,535,236 $1,587,287 +0.6%
Net Income $620,923 $143,186 +3.3%
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

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Governance

Voting Members
6
Independent Members
5
Employees
28
Volunteers
5

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
4
$164,603
Total Directors
6
$164,603
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY VERBETEN BOARD CHAIR 2.00
Officer Director
$0 $0 $0
STEPHANIE GRIPNE BOARD TREASURER 2.00
Officer Director
$0 $0 $0
G MICHAEL SUTTON BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID LEVENTHAL DIRECTOR 2.00
Director
$0 $0 $0
SHALIN DESAI DIRECTOR 2.00
Director
$0 $0 $0
CARL PALMER DIRECTOR/EXECUTIVE DIRECT 40.00
Officer Director
$140,683 $23,920 $164,603
MARTIN GOEBEL REGIONAL DIRECTOR 40.00
Highest
$111,250 $0 $111,250
JOHN REGGIE HALL REGIONAL DIRECTOR 40.00
Highest
$108,497 $0 $108,497
MICHELLE HEATON REGIONAL DIRECTOR 40.00
Highest
$106,557 $3,943 $110,500
JESSICA HAIR DIRECTOR OF OPERATIONS 40.00
Highest
$100,403 $2,371 $102,774
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 $3,156,159 $2,535,236 $1,629,783 $620,923
2022 $1,730,473 $1,587,287 $753,015 $143,186
2021 $1,293,937 $967,328 $624,200 $326,609
2020 $667,082 $574,141 $257,033 $92,941
2019 $576,360 $537,296 $199,212 $39,064
2018 $687,583 $591,003 $214,964 $96,580
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