NEW LEGACY FOUNDATION (EIN 825365979) - 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

Mike Hayes

Phone

2252849878

Tax Period

2024-01-01 to 2024-12-31

NEW LEGACY FOUNDATION, founded in 2018, is a micro nonprofit that reported $673 in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. Expenses of $111K exceeded revenue, resulting in a 16355% operating deficit.

Mission

The New Legacy Foundation is focused on serving "vulnerable residents," whom we define as: individuals and families who face recurring or ongoing impacts to their health, safety and quality of life due to where they reside.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $673

TOTAL REVENUE $673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,019

Fundraising Expenses $0

Program Expenses $11,584

Other Expenses $33,723

TOTAL EXPENSES $110,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$673	$271	+1.5%
Expenses	$110,742	$140,261	-0.2%
Net Income	$-110,069	$-139,990	-0.2%

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

$65,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Crawford	Executive Director	40	Key Emp	$65,000	$0	$65,000
Mike Hayes	President	1	Officer Director	$0	$0	$0
Wilma Subra	Treasurer	1	Officer Director	$0	$0	$0
Marylee Orr	Board Member	1	Director	$0	$0	$0
Oliver Joseph	Board Member	1	Director	$0	$0	$0
Traci Birch	Secretary	1	Officer 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	$673	$110,742	No data	$-110,069
2023	$271	$140,261	$378,372	$-139,990
2022	$105,000	$115,504	$518,812	$-10,504
2021	$1,500	$135,438	$529,429	$-133,938
2020	No data	$39,370	$664,364	No data
2019	$700,020	$30	$700,490	$699,990

NEW LEGACY FOUNDATION