THE ADC LEGACY FOUNDATION (EIN 710779824) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

JACOB SHEATSLEY

Phone

4796365082

Tax Period

2024-07-01 to 2025-06-30

THE ADC LEGACY FOUNDATION AKA OPEN AVENUES FOUNDATION, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $265K in total revenue in fiscal year 2017. Revenue decreased 8% compared to the prior year. Expenses of $300K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO RAISE FUNDS FOR A RELATED COMPANY, THE ADULT DEVELOPMENT CENTER OF BENTON COUNTY, INC. A.K.A. OPEN AVENUES (71-046224), ANOTHER NON-PROFIT ORGANIZATION THAT IS EXEMPT UNDER 501(C)(3).

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,228,095

Program Service Revenue $0

Investment Income $191,762

Other Revenue $-124,727

TOTAL REVENUE $3,295,130

Expense Breakdown

Grants Paid $106,522

Salaries & Benefits $80,229

Fundraising Expenses $100,811

Program Expenses $106,522

Other Expenses $20,582

TOTAL EXPENSES $207,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,295,130	$370,931	+7.9%
Expenses	$207,333	$92,957	+1.2%
Net Income	$3,087,797	$277,974	+10.1%

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

N/A

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
BRUCE GILLESPIE	SECRETARY	1.00	Officer Director	$0	$0	$0
ALLIE HAZELWOOD	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA HERRIMAN	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON JERNIGAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHELBY A HEFLIN JR	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
STEPHANIE LINK	DIRECTOR	1.00	Director	$0	$0	$0
TYLER MAJORS	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY NEWHOF	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
TIONIE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TANYA WILSON	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	$3,295,130	$207,333	$3,527,283	$3,087,797
2024	$370,931	$92,957	$456,741	$277,974
2023	$352,323	$332,093	$171,360	$20,230
2022	$349,881	$380,007	$151,130	$-30,126
2021	$166,768	$149,980	$181,256	$16,788
2020	$310,923	$259,461	$164,468	$51,462
2019	$258,189	$222,760	$113,006	$35,429
2018	$265,395	$299,717	$77,577	$-34,322

THE ADC LEGACY FOUNDATION