ACG LEGACY FUND

EIN: 832728556 501(c)(3) Community Improvement

AITKIN, MN

Total Revenue
$513,668
Total Expenses
$960,254
Total Assets
$760,443
Net Assets
$760,443
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MN
Principal Officer
SKYE FIEDLER
Phone
2189272172
Tax Period
2023-01-01 to 2023-12-31

ACG LEGACY FUND, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $514K in total revenue in fiscal year 2023. Revenue surged 2358% from the prior year, signaling strong growth momentum. Expenses of $960K exceeded revenue, resulting in a 87% operating deficit.

Mission

TO FURTHER THE PURPOSES OF, SUPPORT, AND/OR BENEFIT AITKIN COUNTY GROWTH, INC. AND ITS MISSION OF ECONOMIC DEVELOPMENT IN AITKIN COUNTY.

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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 $0
Program Service Revenue $0
Investment Income $17,611
Other Revenue $496,057
TOTAL REVENUE $513,668

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $952,540
Other Expenses $960,254
TOTAL EXPENSES $960,254

Year-over-Year Comparison

2023 2022 Change
Revenue $513,668 $20,900 +23.6%
Expenses $960,254 $165,312 +4.8%
Net Income $-446,586 $-144,412 +2.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$80,529
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SKYE FIEDLER BOARD CHAIR 2.00
Officer Director
$0 $0 $0
PAT MURPHY BOARD VICE C 2.00
Officer Director
$0 $0 $0
MARY POETZ SECRETARY/TR 2.00
Officer Director
$0 $0 $0
GARY TIBBITTS DIRECTOR 2.00
Director
$0 $0 $0
MARK JEFFERS DIRECTOR 2.00
Director
$0 $0 $0
MARK BALOUN DIRECTOR 2.00
Director
$0 $0 $0
STAN GUSTAFSON EXECUTIVE DI 5.00
Officer
$0 $0 $80,529
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 $513,668 $960,254 $760,443 $-446,586
2022 $20,900 $165,312 $1,130,614 $-144,412
2021 $234,055 $8,587 $1,294,422 $225,468
2020 $45,145 $15,988 $1,156,896 $29,157
2019 $234,252 $66,426 $2,057,266 $167,826
2018 $1,122,399 No data $1,760,105 No data
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