Legacy Endowment Fund For Preaching Scholarships Inc (EIN 833339617) - 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

Principal Officer

Charles L Evans

Phone

4057403306

Tax Period

2024-01-01 to 2024-12-31

Legacy Endowment Fund For Preaching Scholarships Inc, founded in 2019, is a micro nonprofit in the Education sector that reported $72K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 36% operating margin.

Mission

Scholarships to Christian Church ministrial students in amounts of 41,000.

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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 $30,915

Program Service Revenue $0

Investment Income $41,476

Other Revenue $0

TOTAL REVENUE $72,391

Expense Breakdown

Grants Paid $41,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,086

Other Expenses $5,086

TOTAL EXPENSES $46,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,391	$104,941	-0.3%
Expenses	$46,086	$34,942	+0.3%
Net Income	$26,305	$69,999	-0.6%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JT Witcher	Director	001.00	Director	$0	$0	$0
Jude Champagne	Director	001.00	Director	$0	$0	$0
Charles L Evans	Secretary,Director	005.00	Officer Director	$0	$0	$0
Glenn Short	President, Director	020.00	Officer Director	$0	$0	$0
Harold Haddock	Director	005.00	Director	$0	$0	$0
Todd Lafferty	Director	001.00	Director	$0	$0	$0
Adam Lovitt	Director	001.00	Director	$0	$0	$0
Steve Shrum	Director	001.00	Director	$0	$0	$0
Larry Major	Director	001.00	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	$72,391	$46,086	$440,739	$26,305
2023	$104,941	$34,942	$414,434	$69,999
2022	$34,871	$41,018	$344,435	$-6,147
2021	$218,023	$83,503	$350,582	$134,520
2020	$176,851	$13,263	$216,062	$163,588
2019	$59,376	$6,902	$52,474	$52,474

Legacy Endowment Fund For Preaching Scholarships Inc