LEGACY BUSINESS CENTER INC

EIN: 811800440 501(c)(3) Community Improvement

INDIANAPOLIS, IN

Total Revenue
$53,001
Total Expenses
$58,383
Total Assets
$299,575
Net Assets
$268,410
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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
IN
Principal Officer
JAMES HAWKINS
Tax Period
2019-01-01 to 2019-12-31

LEGACY BUSINESS CENTER INC, founded in 2016, is a micro nonprofit in the Community Improvement sector that reported $53K in total revenue in fiscal year 2019. Expenses of $58K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE A NETWORK OF PROFESSIONALS DEDICATED TO PROVIDING TRAINING, RESOURCES, AND FUNDING TO HELP IMPROVE ENTREPRENEURIAL SUCCESS AND SUSTAINABILITY.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $53,001
Investment Income $0
Other Revenue $0
TOTAL REVENUE $53,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $58,383
Other Expenses $58,383
TOTAL EXPENSES $58,383

Year-over-Year Comparison

2019 2018 Change
Revenue $53,001 N/A N/A
Expenses $58,383 N/A N/A
Net Income $-5,382 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES HAWKINS CFO 25.00
Officer
$0 $0 $0
MARTIA STEWART MANAGER 0.00
Key Emp
$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
2019 $53,001 $58,383 $299,575 $-5,382
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