ACG LEGACY FUND

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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

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.

Program Service Accomplishments

Program 1

Expenses: $952,540

TO AID AITKIN COUNTY GROWTH, INC. BY PROVIDING FINANCIAL SUPPORT FOR THEIR PROJECTS AND ECONOMIC DEVELOPMENT ACTIVITIES AND TO SEARCH FOR WAYS TO PROVIDE ACCESS TO OPPORTUNITIES FOR ECONOMIC...

TO AID AITKIN COUNTY GROWTH, INC. BY PROVIDING FINANCIAL SUPPORT FOR THEIR PROJECTS AND ECONOMIC DEVELOPMENT ACTIVITIES AND TO SEARCH FOR WAYS TO PROVIDE ACCESS TO OPPORTUNITIES FOR ECONOMIC DEVELOPMENT, START-UP AND EXPANSION BUSINESS OPPORTUNITIES IN THE INCUBATOR BUILDING, AND SOLVE IMPEDIMENTS TO ECONOMIC GROWTH.

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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 $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

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

$80,529

Total Directors

Key Employees

Highest Compensated

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