LEGACY HOUSING FOUNDATION INC (EIN 811934833) - 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

2016

Legal Domicile

Principal Officer

PHILLIP LAWSON

Phone

8655497441

Tax Period

2024-01-01 to 2024-12-31

LEGACY HOUSING FOUNDATION INC, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $109K in total revenue in fiscal year 2024. Revenue surged 648% from the prior year, signaling strong growth momentum. Expenses of $186K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROVIDE INNOVATIVE PROGRAMS, LIFE ENHANCING SERVICES AND STRONG AFFORDABLE HOUSING COMMUNITIES FOR EVERYONE IN NEED

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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 $107,097

Program Service Revenue $0

Investment Income $1,987

Other Revenue $0

TOTAL REVENUE $109,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,705

Fundraising Expenses $42,988

Program Expenses $131,683

Other Expenses $85,128

TOTAL EXPENSES $185,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,084	$14,577	+6.5%
Expenses	$185,833	$189,307	0.0%
Net Income	$-76,749	$-174,730	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP LAWSON	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
HALEY LYONS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PHILLIP PARKER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ALLIE WELCH	SECRETARY	N/A	Officer 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
2024	$109,084	$185,833	$97,022	$-76,749
2023	$14,577	$189,307	$145,659	$-174,730
2022	$69,176	$262,885	$316,402	$-193,709
2021	$288,858	$236,697	$525,834	$52,161
2020	$384,581	$217,293	$483,906	$167,288
2018	$212,452	$277,459	$352,898	$-65,007
2018	$213,135	$276,708	$355,751	$-63,573

LEGACY HOUSING FOUNDATION INC