OPERATION LEGACY FOUNDATION INC

EIN: 823362380 501(c)(3) Philanthropy & Grantmaking

ALPHARETTA, GA

Total Revenue
$2,214,998
Total Expenses
$2,740,296
Total Assets
$5,488,782
Net Assets
$-6,532,613
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DE
Principal Officer
S RICHARD HICKS
Phone
6788921874
Tax Period
2023-01-01 to 2023-12-31

OPERATION LEGACY FOUNDATION INC, founded in 2017, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.7M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF") AND HELPING HANDS CHARITABLE FOUNDATION, INC. ("HHCF") BY EMPOWERING AND MINISTERING TO THE WEAK AND THE POOR, ASSISTING IN TRAINING DISCIPLES, AND PARTNERING WITH CHRIST-CENTERED ORGANIZATIONS THAT PROCLAIM THE GOOD NEWS AND STAND FOR THE TRUTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,212,600
Program Service Revenue $0
Investment Income $2,398
Other Revenue $0
TOTAL REVENUE $2,214,998

Expense Breakdown

Grants Paid $2,674,096
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,739,757
Other Expenses $66,200
TOTAL EXPENSES $2,740,296

Year-over-Year Comparison

2023 2022 Change
Revenue $2,214,998 $2,315,188 0.0%
Expenses $2,740,296 $18,159,919 -0.8%
Net Income $-525,298 $-15,844,731 -1.0%
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

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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
7
Independent Members
4
Employees
N/A
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
2
$60,000
Total Directors
7
$593,591
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRILL A PARKER DIRECTOR 1.00
Director
$0 $490 $284,342
BRYAN GREEN DIRECTOR 1.00
Director
$0 $0 $0
S RICHARD HICKS PRESIDENT/DIRECTOR 30.00
Officer Director
$60,000 $0 $60,000
KURT R WINRICH SECR./TREAS./DIRECTOR 1.00
Officer Director
$0 $0 $0
PAUL R BLACK DIRECTOR 1.00
Director
$0 $0 $0
BRYAN FELLER DIRECTOR 1.00
Director
$0 $0 $0
DANA E RING DIRECTOR 1.00
Director
$0 $21,514 $249,249
KELLY G SHEPARD FORMER DIRECTOR 0.00
$0 $26,302 $109,814
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 No data No data No data No data
2023 $2,214,998 $2,740,296 $5,488,782 $-525,298
2022 $2,315,188 $18,159,919 $7,056,408 $-15,844,731
2021 $2,174,948 $5,320,661 $14,855,718 $-3,145,713
2020 $4,552,828 $3,751,133 $15,992,466 $801,695
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