UNITED WAY LEGACY FOUNDATION

EIN: 562277050 501(c)(3)

CHARLOTTE, NC

Total Revenue
$665
Total Expenses
$36,714
Total Assets
$2,753,467
Net Assets
$2,753,467
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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
2002
Legal Domicile
NC
Principal Officer
DOUGLAS BENSON
Phone
7049734500
Tax Period
2023-01-01 to 2023-12-31

UNITED WAY LEGACY FOUNDATION, founded in 2002, is a micro nonprofit that reported $665 in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 5421% operating deficit.

Mission

TO HOLD AND MANAGE ENDOWMENT FUNDS WITH THE PURPOSE OF SUPPORTING THE UNITED WAY OF CENTRAL CAROLINAS.

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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 $665
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $665

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,574
Program Expenses $16,756
Other Expenses $36,714
TOTAL EXPENSES $36,714

Year-over-Year Comparison

2023 2022 Change
Revenue $665 $4,994 -0.9%
Expenses $36,714 $87,633 -0.6%
Net Income $-36,049 $-82,639 -0.6%
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
3
Independent Members
2
Employees
N/A
Volunteers
2

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
1
$0
Total Directors
3
$422,327
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE WALL CHAIR 0.50
Officer Director
$0 $0 $0
DOUGLAS BENSON DIRECTOR 0.50
Director
$0 $46,392 $422,327
RON MESSENGER DIRECTOR 0.50
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 $665 $36,714 $2,753,467 $-36,049
2022 $4,994 $87,633 $2,413,048 $-82,639
2021 $258,620 $38,244 $2,961,139 $220,376
2020 $3,333 $31,236 $2,466,827 $-27,903
2019 $2,215 $31,798 $2,219,050 $-29,583
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