NASHVILLE, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHRISTIAN LEGACY FOUNDATION, founded in 2017, is a micro nonprofit in the Religion sector that reported $61K in total revenue in fiscal year 2022. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $197K exceeded revenue, resulting in a 220% operating deficit.
TO CONDUCT ACTIVITIES TO CONTINUE THE HERITAGE AND MISSION OF FIRST UNITED, EVANGELICAL AND REFORMED CHURCH ("CHURCH") BY PROVIDING HELP AND RESOURCES FOR FURTHERING PERSONAL SPIRITUAL GROWTH, FOSTERING CHRISTIAN HEALING, AND SPREADING THE WORD OF GOD. THE ORGANIZATION WILL PROVIDE PASTORAL CARE AND PASTORAL COUNSELING TO REMNANT MEMBERS OF THE CHURCH, AND THE ORGANIZATION WILL CONDUCT MISSION WORK AND ASSISTANCE (BOTH DOMESTIC AND FOREIGN), THEOLOGICAL EDUCATION AND TRAINING, SPIRITUAL RESEARCH, SPIRITUAL HERITAGE RESEARCH AND ASSISTANCE, HISTORICAL RESEARCH, AND CRISIS RESPONSE AND ASSISTANCE. THE ORGANIZATION WILL ALSO HELP AND SUPPORT INDIVIDUALS AND ORGANIZATIONS IN THEIR FAITH JOURNEYS IN THE FORM OF TEACHING, MENTORING, COUNSELING, CARING, AND PROVIDING SACRAMENTAL SERVICES.THE ORGANIZATION ALSO PLANS TO FUND ACTIVITIES OF OTHER NONPROFIT CHRISTIAN, CHARITABLE AND EDUCATIONAL ORGANIZATIONS THROUGH GRANTS.
THE FOUNDATION'S FIRST PRIORITY WAS TO PUT TOGETHER A HEALTHY ORGANIZATIONAL STRUCTURE. THIS INCLUDED WORKING CLOSELY WITH OUR LEGAL ADVISORS, FINANCIAL ADVISORS, CPA'S, AND OTHERS. THE FOUNDATION'S...
THE FOUNDATION'S FIRST PRIORITY WAS TO PUT TOGETHER A HEALTHY ORGANIZATIONAL STRUCTURE. THIS INCLUDED WORKING CLOSELY WITH OUR LEGAL ADVISORS, FINANCIAL ADVISORS, CPA'S, AND OTHERS. THE FOUNDATION'S SECOND PRIORITY CENTERED ON FINDING AN OFFICE LOCATION. THE PARSONAGE OF THE EAST BRENTWOOD PRESBYTERIAN CHURCH WAS DETERMINED AS THE BEST OPTION. THE BOARD OF DIRECTORS AGREED TO FUND ESSESTIAL RENOVATION WORK ON THE PARSONAGE, AND RENT ABATEMENT WAS GIVEN FOR THE RESOURCES THE FOUNDATION PROVIDED TO THE LOCATION. THE FOUNDATION'S THIRD PRIORITY CENTERED ON THE ENGAGEMENT OF POTENTIAL PROJECTS TO PURSUE IN FUTURE YEARS. THE FIRST POTENTIAL PROJECT IS THE RENOVATION OF THE PARSONAGE ATTIC SPACE TO DISPLAY CHURCH ARTIFACTS AND CREATE A SPACE FOR SMALL GROUP MEETING, PRAYER, MEDITATION, AND READING. THE SECOND PROJECT FOCUSES ON A JOINT MISSION IN GUATEMALA WITH THE PRESBYTERY OF MIDDLE TENNESSEE AND EAST BRENTWOOD PRESBYTERIAN CHURCH. EDUCATION AND PASTORAL TRAINING WOULD BE THE FOCUS OF THIS JOINT MISSION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $61,484 | $166,344 | -0.6% |
| Expenses | $196,779 | $163,255 | +0.2% |
| Net Income | $-135,295 | $3,089 | -44.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STEPHEN K COTTINGHAM | PRESIDENT/DIRECTOR | 40.00 |
Officer
Director
|
$70,284 | $32,137 | $102,421 |
| PAUL E RIDGE | SECRETARY/DIRECTOR | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| MARK A YOUNG | TREASURER/DIRECTOR | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $61,484 | $196,779 | $2,237,616 | $-135,295 |
| 2021 | $166,344 | $163,255 | $2,828,149 | $3,089 |
| 2020 | $69,446 | $157,093 | $2,725,727 | $-87,647 |
| 2019 | $88,971 | $162,806 | $2,423,064 | $-73,835 |
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