Legacy Schools (EIN 812601194) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Ruqayyah Abdullah

Phone

2055730777

Tax Period

2023-10-01 to 2024-09-30

STAR ACADEMY INC, founded in 2016, is a small nonprofit in the Education sector that reported $137K in total revenue in fiscal year 2017. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $291K exceeded revenue, resulting in a 113% operating deficit.

Mission

Operation of a public charter school in Livingston, AL.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,771,252

Program Service Revenue $8,643,169

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,414,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,418,036

Fundraising Expenses $0

Program Expenses $5,315,773

Other Expenses $2,929,135

TOTAL EXPENSES $7,347,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,414,421	$6,399,078	+0.6%
Expenses	$7,347,171	$5,349,736	+0.4%
Net Income	$3,067,250	$1,049,342	+1.9%

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

108

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
Ruqayyah Abdullah	Secretary	003.00	Officer Director	$0	$0	$0
Desire Crumb	President	003.00	Officer Director	$0	$0	$0
Orazio Mancarella	Treasurer	003.00	Officer Director	$0	$0	$0
Prince Cleveland	Vice Chair	003.00	Officer Director	$0	$0	$0
Reginald Chapple	Board Member	002.00	Director	$0	$0	$0
LaTasha Nix	Board Member	002.00	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	$10,414,421	$7,347,171	$5,452,428	$3,067,250
2023	$6,399,078	$5,349,736	$2,420,702	$1,049,342
2022	$4,949,423	$4,539,509	$1,502,199	$409,914
2021	$3,436,669	$4,366,316	$597,749	$-929,647
2020	$2,988,109	$2,899,454	$1,107,375	$88,655
2018	$136,643	$291,011	$59,213	$-154,368

Legacy Schools