LEGAL HAND INC (EIN 823194908) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

ROGER BARNETT

Phone

9177473833

Tax Period

2024-01-01 to 2024-12-31

LEGAL HAND INC, founded in 2017, is a community nonprofit in the Crime & Legal sector that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 49% operating margin.

Mission

LEGAL HAND, INC. IS AN ORGANIZATION DEDICATED TO ADDRESSING THE IMBALANCE IN ACCESS TO QUALITY LEGAL INFORMATION AND ASSISTANCE FOR LOWER INCOME COMMUNITIES. IT IS LEGAL HAND, INC.'S MISSION TO HELP THE UNDERPRIVILEGED AVOID AND OVERCOME CIVIL LEGAL HURDLES WITHOUT HAVING TO INCUR BURDENSOME LEGAL FEES OR BE FORCED TO NAVIGATE THE LEGAL SYSTEM ALONE. IN PURSUIT OF ITS MISSION, LEGAL HAND, INC. WILL UTILIZE TRAINED, NON-LAWYER VOLUNTEERS, WHO WILL OPERATE OUT OF NEIGHBORHOOD STOREFRONTS. THEIR TRAINED NON-LAWYER VOLUNTEERS WILL PROVIDE FREE LEGAL INFORMATION, ASSISTANCE, AND REFERRALS TO HELP INDIVIDUALS RESOLVE ISSUES IN AREAS SUCH AS HOUSING, FAMILY, IMMIGRATION, DIVORCE, DOMESTIC VIOLENCE, AND BENEFITS TO PREVENT PROBLEMS FROM TURNING INTO LEGAL ACTIONS. EACH LEGAL HAND, INC. CENTER WILL BE MANAGED BY A COORDINATOR, AND SUPPORTED BY A LEGAL SERVICES ATTORNEY TO HELP TRAIN AND ASSIST VOLUNTEERS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,000,000

Program Service Revenue $0

Investment Income $150,646

Other Revenue $0

TOTAL REVENUE $2,150,646

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $496,991

Fundraising Expenses $0

Program Expenses $1,048,292

Other Expenses $548,092

TOTAL EXPENSES $1,095,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,150,646	$2,112,292	+0.0%
Expenses	$1,095,083	$929,964	+0.2%
Net Income	$1,055,563	$1,182,328	-0.1%

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

Volunteers

N/A

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

$166,805

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELAINE BARNETT	CHAIR/PRESIDENT	1.00	Officer Director	$0	$0	$0
LEONARD LAUDER	DIRECTOR	1.00	Director	$0	$0	$0
JUDGE JONATHAN LIPPMAN	DIRECTOR	1.00	Director	$0	$0	$0
HYON KIM	DIRECTOR	1.00	Director	$0	$0	$0
ROGER BARNETT	DIRECTOR, CFO, SEC, TREAS	1.00	Officer Director	$0	$0	$0
FERN FISHER	EXECUTIVE DIRECTOR	40.00	Key Emp	$166,805	$0	$166,805
TIFFANY BUTTERS	DIRECTOR OF OPERATIONS	40.00	Highest	$114,607	$0	$114,607

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	$2,150,646	$1,095,083	$7,358,658	$1,055,563
2023	$2,112,292	$929,964	$6,279,893	$1,182,328
2022	$2,036,488	$1,322,006	$5,097,565	$714,482
2021	$2,002,002	$820,247	$4,383,083	$1,181,755
2020	$2,003,339	$658,654	$3,201,328	$1,344,685
2019	$2,004,299	$147,656	$1,856,689	$1,856,643

LEGAL HAND INC