FUTURE LEGENDS (EIN 812380227) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

ERIC MANESE

Phone

6193841953

Tax Period

2023-01-01 to 2023-12-31

FUTURE LEGENDS, founded in 2016, is a small nonprofit in the Education sector that reported $314K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Net assets of $684K represent 26 months of operating reserves.

Mission

THE FUTURE LEGENDS SCHOLARSHIP FUND PROVIDES SUPPORT TO DESERVING SCHOLARS WORKING TOWARD UNDERGRADUATE, MASTERS AND DOCTORATE DEGREES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $292,901

Program Service Revenue $6,734

Investment Income $13,928

Other Revenue $0

TOTAL REVENUE $313,563

Expense Breakdown

Grants Paid $122,128

Salaries & Benefits $0

Fundraising Expenses $23,502

Program Expenses $245,158

Other Expenses $188,956

TOTAL EXPENSES $311,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,563	$358,046	-0.1%
Expenses	$311,084	$157,413	+1.0%
Net Income	$2,479	$200,633	-1.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC G MANESE	PRESIDENT	10.00	Officer Director	$0	$0	$0
KATHY MCELHINNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN SAKARA	TREASURER	1.00	Officer Director	$0	$0	$0
VEARL SMITH	CHAIRMAN	30.00	Director	$0	$0	$0
GREG JACKEY	VICE CHAIRMAN	2.00	Director	$0	$0	$0
HEATHER MANION	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA KIM	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$313,563	$311,084	$683,861	$2,479
2022	$358,046	$157,413	$645,785	$200,633
2021	$220,098	$139,941	$445,152	$80,157
2020	$134,523	$144,358	$364,995	$-9,835
2019	$220,005	$234,101	$374,830	$-14,096
2018	$549,050	$171,776	$388,926	$377,274

FUTURE LEGENDS