ASHBY LEGACY FUND (EIN 832211346) - 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

ROBERT D NELSON

Phone

6123678800

Tax Period

2023-01-01 to 2023-12-31

ASHBY LEGACY FUND, founded in 2018, is a small nonprofit in the Education sector that reported $325K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $79K, a strong 24% operating margin.

Mission

THE SPECIFIC PURPOSE OF THE CORPORATION IS EDUCATIONAL AND CHARITABLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $300,930

Program Service Revenue $0

Investment Income $35,205

Other Revenue $-11,483

TOTAL REVENUE $324,652

Expense Breakdown

Grants Paid $124,649

Salaries & Benefits $24,000

Fundraising Expenses $0

Program Expenses $210,034

Other Expenses $96,942

TOTAL EXPENSES $245,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,652	$526,586	-0.4%
Expenses	$245,591	$263,935	-0.1%
Net Income	$79,061	$262,651	-0.7%

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT NELSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
AL NIEMANN	DIRECTOR	1.00	Director	$0	$0	$0
DALLAS RYLANDER	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
JOHN KENT	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI HOFF	EXECUTIVE DIRECTOR	10.00	Officer Director	$24,000	$0	$24,000
SUZANNE WING	DIRECTOR	1.00	Director	$0	$0	$0
RENEE MELBY	DIRECTOR	1.00	Director	$0	$0	$0
NICK OLSON	DIRECTOR	1.00	Director	$0	$0	$0
DWIGHT WALVATNE	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER DEWEY	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$324,652	$245,591	$1,497,622	$79,061
2022	$526,586	$263,935	$1,287,320	$262,651
2021	$287,750	$207,207	$1,186,410	$80,543
2020	$383,422	$247,222	$903,980	$136,200
2019	$765,134	$76,206	$709,378	$688,928

ASHBY LEGACY FUND