Build A Legacy Inc

EIN: 814735226 501(c)(3) Education

Memphis, TN

Total Revenue
$56,091
Total Expenses
$84,031
Total Assets
$24,085
Net Assets
$15,963
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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
TN
Principal Officer
Marlene McGhee
Phone
9015007616
Tax Period
2021-01-01 to 2021-12-31

Build A Legacy Inc, founded in 2016, is a micro nonprofit in the Education sector that reported $56K in total revenue in fiscal year 2021. Expenses of $84K exceeded revenue, resulting in a 50% operating deficit.

Mission

to lessen the burden of grovernment by conducting financial literacy seminars and providing senior citizens with nutritinal services, and thrift shop

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $56,091
Other Revenue $0
TOTAL REVENUE $56,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,133
Other Expenses $84,031
TOTAL EXPENSES $84,031

Year-over-Year Comparison

2021 2020 Change
Revenue $56,091 N/A N/A
Expenses $84,031 N/A N/A
Net Income $-27,940 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
2
Independent Members
2
Employees
N/A
Volunteers
1

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
0
$0
Total Directors
2
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Gaines-Evans Secretary N/A
Director
$0 $0 $0
Marlene McGhee Executive Director N/A
Director 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
2021 $56,091 $84,031 $24,085 $-27,940
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