DADEVILLE, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LEGACY MINISTRIES, founded in 2005, is a small nonprofit in the Religion sector that reported $598K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. Net assets of $2.6M represent 53 months of operating reserves.
LEGACY EXISTS TO HELP BELIEVERS EXPERIENCE, UNDERSTAND, AND PARTNER WITH THE TRANSFORMATIVE REALITY OF CHRIST IN THEM. SO THEY CAN ENJOY INTIMACY WITH GOD, ENGAGE THEIR COMMUNITY, BUILD UP THE CHURCH, AND LIVE A SPIRIT-EMPOWERED LIFE THAT INFLUENCES GENERATIONS TO COME. WE DO THIS TO IMPACT ETERNITY TOGETHER.
LEGACY PROVIDES ONE TO TWO SEMESTERS EACH YEAR: A NINE WEEK SEMESTER IN THE FALL, AND A NINE WEEK SEMESTER IN THE SUMMER. DURING SUMMER SEMESTER ONLY YEARS, THE REMAINING MONTHS ARE SCHEDULED WITH...
LEGACY PROVIDES ONE TO TWO SEMESTERS EACH YEAR: A NINE WEEK SEMESTER IN THE FALL, AND A NINE WEEK SEMESTER IN THE SUMMER. DURING SUMMER SEMESTER ONLY YEARS, THE REMAINING MONTHS ARE SCHEDULED WITH STUDENT RETREAT INTENSIVES AND MARRIAGE RETREAT WEEKENDS. THE PROPERTY IS ALSO SHARED WITH OTHER FAITH BASED GROUPS SEVERAL WEEKENDS A YEAR. FOR THE SEMESTER PROGRAMS, ALL STUDENTS LIVE ON-CAMPUS, WHERE HOUSING AND MEALS ARE PROVIDED IN ADDITION TO CLASSROOM TIME. EACH STUDENT RECEIVES PERSONAL MENTORING FROM OUR STAFF, DAILY BIBLICAL TEACHING, AND SPECIAL EVENTS SUCH AS WORSHIP NIGHTS OR RETREATS. THERE IS BALANCE IN OUR MINISTRY: WE VALUE SPIRITUAL DEVELOPMENT, AS WELL AS THE PRACTICAL ASPECTS AND APPLICATIONS OF LIFE. WE ARE PERSONAL AND COMMUNAL IN NATURE AT LEGACY. FOR SEMESTERS, STUDENTS CAN EXPECT 250+ HOURS OF TRAINING: PRACTICAL, CLASS, SMALL GROUPS, PRAYER, AND EVEN FUN. YEAR ROUND, LEGACY ALSO HOSTS A WIDE ARRAY OF EVENTS SUCH AS FALL RETREATS, ALUMNI GATHERINGS, AND WORSHIP NIGHTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $598,398 | $340,740 | +0.8% |
| Expenses | $596,391 | $463,123 | +0.3% |
| Net Income | $2,007 | $-122,383 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JEFF RICE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DYLAN SPENCER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANCOIS FINEBERG | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$73,520 | $0 | $73,520 |
| JIMMY WHATLEY | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| DAVID RHODES | FORMER CHAIR | 1.00 |
Officer
|
$0 | $0 | $0 |
| ERLE FAIRLY | CHAIRMAN OF THE BOARD | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $598,398 | $596,391 | $2,686,202 | $2,007 |
| 2023 | $340,740 | $463,123 | $2,653,565 | $-122,383 |
| 2022 | $759,639 | $480,032 | $2,740,710 | $279,607 |
| 2021 | $727,576 | $531,742 | $2,820,109 | $195,834 |
| 2018 | $632,037 | $417,433 | $2,028,353 | $214,604 |
Compare LEGACY MINISTRIES with other nonprofits in Alabama and across the country.