LEGACY MINISTRIES (EIN 753161246) - 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

2005

Legal Domicile

Principal Officer

FRANCOIS FINEBERG

Phone

2057903227

Tax Period

2023-10-01 to 2024-09-30

LEGACY MINISTRIES, founded in 2005, is a small nonprofit in the Religion sector that reported $632K in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $215K, a strong 34% operating margin.

Mission

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $377,392

Program Service Revenue $174,941

Investment Income $15,487

Other Revenue $30,578

TOTAL REVENUE $598,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,777

Fundraising Expenses $0

Program Expenses $551,938

Other Expenses $387,614

TOTAL EXPENSES $596,391

Year-over-Year Comparison

	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%

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

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

$73,520

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

LEGACY MINISTRIES