The Legacy Foundation At Shell Point Inc (EIN 800002415) - Form 990 Financial Analysis & Trantor Score

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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

Phone

2394668484

Tax Period

2024-07-01 to 2025-06-30

The Legacy Foundation At Shell Point Inc, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.4M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 25% operating margin.

Mission

TO SERVE AND SUPPORT THE CHRISTIAN AND MISSIONARY ALLIANCE FOUNDATION, INC. D/B/A SHELL POINT RETIREMENT COMMUNITY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,001,853

Program Service Revenue $348,311

Investment Income $56,796

Other Revenue $-43,748

TOTAL REVENUE $4,363,212

Expense Breakdown

Grants Paid $2,232,772

Salaries & Benefits $660,554

Fundraising Expenses $486,148

Program Expenses $2,689,934

Other Expenses $397,640

TOTAL EXPENSES $3,290,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,363,212	$4,292,179	+0.0%
Expenses	$3,290,966	$4,517,221	-0.3%
Net Income	$1,072,246	$-225,042	-5.8%

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

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

$1,600,004

Total Directors

Key Employees

$238,208

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN W DAVIDSON	Secretary/Treasurer	0.5	Officer Director	$0	$0	$0
WANDA ANDERSON	Chairman	0.5	Officer Director	$0	$0	$0
ARCHIE L WHITE SR	Director	0.5	Director	$0	$0	$0
REV CHARLES B DEWITT	Director	0.5	Director	$0	$0	$0
BURKE RAINEY	VP of Finance/CFO/Asst Treas	0.5	Officer	$0	$63,832	$651,616
MARTIN C SCHAPPELL	President/CEO/Asst Secretary	0.5	Officer	$0	$44,411	$948,388
JEFFREY CORY	Executive Director	40.0	Key Emp	$214,924	$23,284	$238,208

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	$4,363,212	$3,290,966	$5,184,375	$1,072,246
2024	$4,292,179	$4,517,221	$3,901,625	$-225,042
2023	$4,678,915	$5,749,398	$4,997,796	$-1,070,483
2022	$5,863,574	$7,507,378	$5,518,203	$-1,643,804
2021	$4,918,874	$7,404,398	$7,153,886	$-2,485,524
2020	$18,882,614	$22,737,811	$9,570,857	$-3,855,197
2019	$3,520,548	$1,774,399	$13,274,390	$1,746,149
2018	$15,830,804	$4,925,825	$11,441,242	$10,904,979

The Legacy Foundation At Shell Point Inc