PATRIOT LEGACY FUND INC (EIN 823478860) - 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

Jason Puckett

Phone

6784926139

Tax Period

2024-01-01 to 2024-12-31

PATRIOT LEGACY FUND INC, founded in 2017, is a micro nonprofit in the Education sector that reported $61K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $58K left a modest 4% surplus.

Mission

Advance the educational opportunities for the children of our service-disabled veterans

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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 $34,312

Program Service Revenue $0

Investment Income $0

Other Revenue $26,246

TOTAL REVENUE $60,558

Expense Breakdown

Grants Paid $49,525

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,188

Other Expenses $8,848

TOTAL EXPENSES $58,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,558	$73,341	-0.2%
Expenses	$58,373	$39,864	+0.5%
Net Income	$2,185	$33,477	-0.9%

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

N/A

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
James Thomas	President	1	Officer Director	$0	$0	$0
Steven Combs	Vice President	1	Officer Director	$0	$0	$0
Jason Puckett	Treasurer	5	Officer Director	$0	$0	$0
William Puckett	Director	1	Director	$0	$0	$0
Lacey Thomas	Marketing Director	2	Director	$0	$0	$0
Melvin Maxwell	Operations Director	1	Director	$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
2024	$60,558	$58,373	$120,944	$2,185
2023	$73,341	$39,864	$118,759	$33,477
2022	$58,901	$40,398	$85,282	$18,503
2021	$61,887	$41,473	$67,529	$20,414
2020	$34,295	$33,368	$47,092	$927
2019	$32,929	$25,193	$46,165	$7,736
2018	$45,877	$8,463	$38,414	$37,414

PATRIOT LEGACY FUND INC