Legacy Academy (EIN 841413963) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Merlin Holmes

Phone

3036462636

Tax Period

2024-07-01 to 2025-06-30

Legacy Academy, founded in 1997, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

The mission of Legacy Academy is to guide students in the development of their character and academic potential through an academically rigorous, content-rich environment.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $522,892

Program Service Revenue $6,167,044

Investment Income $60,192

Other Revenue $22,015

TOTAL REVENUE $6,772,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,660,812

Fundraising Expenses $0

Program Expenses $5,962,092

Other Expenses $2,518,984

TOTAL EXPENSES $7,179,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,772,143	$5,946,960	+0.1%
Expenses	$7,179,796	$6,092,479	+0.2%
Net Income	$-407,653	$-145,519	+1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

125

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

$118,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Vandiver	President	0.25	Officer Director	$0	$0	$0
Megan Decker	Treasurer	0.25	Officer Director	$0	$0	$0
Thomas Holm	Vice President	0.25	Officer Director	$0	$0	$0
Simona Clark	Secretary	0.25	Officer Director	$0	$0	$0
Jamey Sample	Community Relations Officer	0.25	Officer Director	$0	$0	$0
Tony Vruggink	Principal	40.00	Officer	$94,184	$24,182	$118,366

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
2025	$6,772,143	$7,179,796	$4,064,998	$-407,653
2024	$5,946,960	$6,092,479	$4,864,383	$-145,519
2023	$5,652,405	$5,533,306	$12,771,837	$119,099
2022	$6,521,082	$4,817,975	$12,265,761	$1,703,107
2021	$5,616,648	$4,135,981	$12,732,692	$1,480,667
2020	$5,128,026	$4,134,404	$12,974,648	$993,622
2019	$4,201,075	$3,734,557	$12,777,503	$466,518
2018	$3,652,329	$5,251,681	$10,003,729	$-1,599,352

Legacy Academy