LEGACY FOUNDATION CORPORATION (EIN 832995936) - 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

2019

Legal Domicile

Phone

9518937548

Tax Period

2024-01-01 to 2024-12-31

LEGACY FOUNDATION CORPORATION, founded in 2019, is a small nonprofit in the Health Care sector that reported $263K in total revenue in fiscal year 2024. Revenue surged 586% from the prior year, signaling strong growth momentum.

Mission

empower students by providing essential life skills and career training, while fostering connections through cultural learning programs and travel experiences. We aspire to help in the transition from teens to adults by developing their outlook on lifE.

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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 $262,763

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $262,764

Expense Breakdown

Grants Paid $16,188

Salaries & Benefits $40,742

Fundraising Expenses $0

Program Expenses $266,166

Other Expenses $209,236

TOTAL EXPENSES $266,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,764	$38,300	+5.9%
Expenses	$266,166	$23,586	+10.3%
Net Income	$-3,402	$14,714	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIAN VERNON	CEO	20.00	Officer	$0	$0	$0
DON CARTHORN	CFO	6.00	Officer	$0	$0	$0
MONIQUE LUMPKIN	SECRETARY	2.00	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	$262,764	$266,166	$31,718	$-3,402

LEGACY FOUNDATION CORPORATION