LEGACY CHURCH INC (EIN 825331165) - 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

2018

Legal Domicile

Principal Officer

JESUS HERNANDEZ 3 OFFICER

Phone

7327663825

Tax Period

2024-01-01 to 2024-12-31

LEGACY CHURCH INC, founded in 2018, is a small nonprofit in the Religion sector that reported $420K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $406K left a modest 3% surplus.

Mission

TO TEACH AND PREACH TO WORD OF GOD

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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 $419,537

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $419,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,135

Fundraising Expenses $0

Program Expenses $405,677

Other Expenses $348,542

TOTAL EXPENSES $405,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,537	$266,635	+0.6%
Expenses	$405,677	$252,459	+0.6%
Net Income	$13,860	$14,176	0.0%

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

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

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
CHARLES CHIRIBOGA	1 INDIVIDUAL TRUSTEES OR DIRECTORS	10.00	Director	$0	$0	$0
JESUS HERNANDEZ	PRESPASTOR	20.00	Officer	$0	$0	$0
MAGLYS HERNANDEZ	TREASURER	15.00	Officer	$0	$0	$0
UGONNA OKEKE	VICE PRES	15.00	Officer	$0	$0	$0
EDUARDO DIAS	SECRETARY	15.00	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
2024	$419,537	$405,677	$34,421	$13,860
2023	$266,635	$252,459	$20,561	$14,176
2022	$204,944	$198,559	$6,385	$6,385
2021	$212,445	$318,943	$6,385	$-106,498
2020	$182,696	$74,644	$112,883	$108,052
2019	$143,040	$141,726	$4,831	$1,314

LEGACY CHURCH INC