LEGACY OF EXCELLENCE INC (EIN 822387012) - 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

2017

Legal Domicile

Principal Officer

SUSAN VAUGHN

Phone

5043597708

Tax Period

2024-07-01 to 2025-06-30

LEGACY OF EXCELLENCE INC, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $16.4M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $15.8M left a modest 4% surplus.

Mission

TO EDUCATE CHILDREN TO EXCEL ACADEMICALLY AND INDIVIDUALLY

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $3,997,080

Program Service Revenue $10,529,315

Investment Income $475,401

Other Revenue $1,359,777

TOTAL REVENUE $16,361,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,738,410

Fundraising Expenses $0

Program Expenses $11,911,592

Other Expenses $6,040,343

TOTAL EXPENSES $15,778,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,361,573	$19,800,255	-0.2%
Expenses	$15,778,753	$14,622,503	+0.1%
Net Income	$582,820	$5,177,752	-0.9%

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

145

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
JEREMYE BROOKS	CHIEF EXECUTIVE OFFICER	40	Highest	$139,718	$0	$139,718
PATRICE JOSEPH	SCHOOL PRINCIPAL	40	Highest	$117,405	$0	$117,405
NICHELLE LOGAN-JONES	SCHOOL PRINCIPAL	40	Highest	$117,349	$0	$117,349
BOBBIE STEVENSON	BOARD MEMBER	2	Director	$0	$0	$0
NIA WOODS-HAYDEL	BOARD MEMBER	2	Director	$0	$0	$0
DETRICH HERBERT-JOHNSON	BOARD MEMBER	2	Director	$0	$0	$0
DEVIN TURNER	BOARD MEMBER	2	Director	$0	$0	$0
TOMMIE VASSEL	PRESIDENT	2	Officer	$0	$0	$0
CYNTHIA STEWARD	VICE PRESIDENT	2	Officer	$0	$0	$0
SUSAN VAUGHN	TREASURER	2	Officer	$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
2025	$16,361,573	$15,778,753	$16,839,382	$582,820
2024	$19,800,255	$14,622,503	$17,127,600	$5,177,752
2021	$10,532,215	$10,214,463	$3,463,640	$317,752
2020	$9,201,349	$8,840,835	$3,902,962	$360,514
2019	$9,319,312	$8,755,017	$2,205,842	$564,295
2018	$664,122	No data	$664,122	No data

LEGACY OF EXCELLENCE INC