THE LEGACY ACADEMY INC

EIN: 475033623 501(c)(3)

SAN JOSE, CA

Total Revenue
$327,956
Total Expenses
$725,462
Total Assets
$8,802
Net Assets
$-71,475
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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
2015
Legal Domicile
CA
Principal Officer
MARC BULLER
Phone
4086406788
Tax Period
2018-07-01 to 2019-06-30

THE LEGACY ACADEMY INC, founded in 2015, is a small nonprofit that reported $328K in total revenue in fiscal year 2018. Expenses of $725K exceeded revenue, resulting in a 121% operating deficit.

Mission

OPERATION OF A PUBLIC CHARTER SCHOOL SERVING GRADES 6 TO 8 IN SAN JOSE, CALIFORNIA.

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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 (2018)

Revenue Breakdown

Contributions & Grants $306,271
Program Service Revenue $21,237
Investment Income $448
Other Revenue $0
TOTAL REVENUE $327,956

Expense Breakdown

Grants Paid $0
Salaries & Benefits $294,785
Fundraising Expenses $0
Program Expenses $547,341
Other Expenses $430,677
TOTAL EXPENSES $725,462

Year-over-Year Comparison

2018 2017 Change
Revenue $327,956 N/A N/A
Expenses $725,462 N/A N/A
Net Income $-397,506 $0 N/A
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
5
Independent Members
5
Employees
5
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
3
$50,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY PENA PRESIDENT 1.00
Officer Director
$0 $0 $0
GARY RUMMELHOFF TREASURER 1.00
Officer Director
$0 $0 $0
FREDRICK J FERRER DIRECTOR 1.00
Director
$0 $0 $0
ANDRE V CHAPMAN DIRECTOR 1.00
Director
$0 $0 $0
GREGG LIPPMAN DIRECTOR 1.00
Director
$0 $0 $0
MARC BULLER EXECUTIVE DIRECTOR 40.00
Officer
$50,000 $0 $50,000
DANETTE SOKACICH PRINCIPAL 40.00
Highest
$122,500 $837 $123,337
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
2019 $327,956 $725,462 $8,802 $-397,506
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