JIMMIE HEUGA LEGACY FOUNDATION FOR MS (EIN 841436524) - 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

1997

Legal Domicile

Principal Officer

Richard Neustedter

Phone

4083071871

Tax Period

2025-01-01 to 2025-12-31

JIMMIE HEUGA LEGACY FOUNDATION FOR MS, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $22K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Expenses of $44K exceeded revenue, resulting in a 101% operating deficit.

Mission

Our mission is to keep Jimmies Legacy Alive by supporting programs which connect to his life impact as an Olympic ski champion and as an advocate for living better with multiple sclerosis.

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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 (2025)

Revenue Breakdown

Contributions & Grants $19,169

Program Service Revenue $0

Investment Income $2,518

Other Revenue $0

TOTAL REVENUE $21,687

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $2,000

Program Expenses $35,232

Other Expenses $33,538

TOTAL EXPENSES $43,538

Year-over-Year Comparison

	2025	2024	Change
Revenue	$21,687	$25,750	-0.2%
Expenses	$43,538	$41,797	+0.0%
Net Income	$-21,851	$-16,047	+0.4%

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

$30,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Olson	Chair	1.00	Officer Director	$0	$0	$0
Michelle Avery	Secretary	1.00	Officer Director	$0	$0	$0
Kelly Hamill	Vice-Chair	1.00	Officer Director	$0	$0	$0
Gini Patterson	Treasurer	1.00	Officer Director	$0	$0	$0
Jeannie Tatum	Vice-Chair	1.00	Officer Director	$0	$0	$0
Richard Hicks	Board Member	1.00	Director	$0	$0	$0
Joanne Posner-Mayer	Board Member	1.00	Director	$0	$0	$0
Wilder Heuga	Board Member	1.00	Director	$0	$0	$0
Jon Feeney	Board Member	1.00	Director	$0	$0	$0
Richard Neustedter	Executive Director	10.00	Key Emp	$30,000	$0	$30,000

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	$21,687	$43,538	$304,163	$-21,851
2024	No data	No data	No data	No data
2023	$22,127	$47,654	$352,053	$-25,527
2022	$-5,936	$56,679	$377,580	$-62,615
2021	$65,390	$162,744	$490,130	$-97,354
2020	$12,024	$79,449	$552,943	$-67,425

JIMMIE HEUGA LEGACY FOUNDATION FOR MS