Legacy Traditional Schools - Nevad… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

Amanda Pratt

Phone

4802705438

Tax Period

2022-07-01 to 2023-06-30

Legacy Traditional Schools - Nevada Inc, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $40.7M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ALL STUDENTS WITH OPPORTUNITIES, LEADERSHIP, GUIDANCE, AND SUPPORT TO ACHIEVE ACADEMIC EXCELLENCE IN A SAFE, NEOTRADITIONAL LEARNING ENVIRONMENT, TAUGHT BY CARING, KNOWLEDGEABLE AND HIGHLY EFFECTIVE EDUCATORS IN COOPERATION WITH SUPPORTIVE, INVOLVED FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $37,634,103 Revenue: $1,528,001

DURING THE CURRENT YEAR, THE ORGANIZATION PROVIDED HIGH QUALITY EDUCATIONAL SERVICES TO 3,963 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE AT ITS CAMPUSES THROUGHOUT NEVADA. THOSE STUDENTS WERE...

DURING THE CURRENT YEAR, THE ORGANIZATION PROVIDED HIGH QUALITY EDUCATIONAL SERVICES TO 3,963 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE AT ITS CAMPUSES THROUGHOUT NEVADA. THOSE STUDENTS WERE PROVIDED A WELL-ROUNDED EDUCATION THAT INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, SOCIAL STUDIES, HISTORY, MUSIC, ART, AND PHYSICAL EDUCATION, AS WELL AS EXTRACURRICULAR ACTIVITIES INCLUDING ATHLETICS, CLUBS, FIELD TRIPS, AND DAILY TUTORING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $38,802,389

Program Service Revenue $1,528,001

Investment Income $392,465

Other Revenue $0

TOTAL REVENUE $40,722,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,623,200

Fundraising Expenses $0

Program Expenses $37,634,103

Other Expenses $18,987,223

TOTAL EXPENSES $42,610,423

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,722,855	$37,103,358	+0.1%
Expenses	$42,610,423	$38,692,704	+0.1%
Net Income	$-1,887,568	$-1,589,346	+0.2%

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

489

Volunteers

3970

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
NATHALIE BURGESS	ASSC SUPERINTENDENT OF ACAD.	40.0	Highest	$127,955	$37,172	$165,127
JENNIFER EMLING	Superintendent OF NV	40.0	Highest	$124,142	$26,433	$150,575
Amanda Pratt	President	5.0	Officer Director	$0	$0	$0
Stephen Steele	Treasurer	5.0	Officer Director	$0	$0	$0
Melissa Woodbury	Director END:01/23	5.0	Director	$0	$0	$0
RICK PHILLIPS	VICE PRESIDENT	5.0	Officer Director	$0	$0	$0
Katy Larrabee	SECRETARY	5.0	Officer Director	$0	$0	$0
Ralph Hartmann	director	5.0	Director	$0	$0	$0
KRISTEN WATSON	Director	5.0	Director	$0	$0	$0
LINDSAY MERRILL	DIRECTOR START:01/23	5.0	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$40,722,855	$42,610,423	$101,216,391	$-1,887,568
2022	$37,103,358	$38,692,704	$101,557,263	$-1,589,346
2021	$39,227,732	$38,451,422	$98,471,077	$776,310
2020	$33,122,827	$37,374,453	$90,972,204	$-4,251,626
2019	$19,112,506	$21,818,921	$80,924,654	$-2,706,415
2018	$9,336,990	$11,661,696	$74,437,345	$-2,324,706

Legacy Traditional Schools - Nevada Inc