OVM'S LEGUM LEGACY CHARITY (EIN 842294797) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

ADAM NEWMAN

Phone

7576050500

Tax Period

2023-01-01 to 2023-12-31

OVM'S LEGUM LEGACY CHARITY, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $238K in total revenue in fiscal year 2022. Expenses of $220K left a modest 8% surplus.

Mission

THE OVM'S LEGUM LEGACY CHARITY WAS BORN OUT OF THE IDEA OF PROVIDING A PLATFORM OF CHARITABLE CONTRIBUTIONS AND COMMUNITY INVOLVEMENT FOR ALL OVM FINANCIAL EMPLOYEES, REFERRAL PARTNERS AND CLIENTS. OVM HAS A LONGSTANDING TRADITION OF COMMUNITY GENEROSITY AND THIS CHARITY WILL ALLOW THE COMPANY TO ENCOURAGE MORE INCLUSION THROUGHOUT ALL AREAS OF THE ORGANIZATION. AARON ARCHER LEGUM, ONE OF OVM'S FOUNDERS, WAS ALSO A STAUNCH BELIEVER IN GIVING AND SHARING WITH THOSE IN NEED. THE COMBINED BELIEFS AND WISHES OF AARON AND OVM WILL BE SHARED, IN GREATER A CAPACITY WITH THE CREATION OF THE OVM LEGUM LEGACY CHARITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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 $0

Other Revenue $45,046

TOTAL REVENUE $45,046

Expense Breakdown

Grants Paid $6,606

Salaries & Benefits $0

Fundraising Expenses $57,071

Program Expenses $6,606

Other Expenses $61,594

TOTAL EXPENSES $68,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,046	$237,816	-0.8%
Expenses	$68,200	$219,905	-0.7%
Net Income	$-23,154	$17,911	-2.3%

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
MATTHEW BECKWITH	BOARD MEMBER	N/A	Director	$0	$0	$0
WILLIAM CORNWELL	TREASURER	N/A	Officer Director	$0	$0	$0
FRANCIS SIMKINS III	BOARD MEMBER	N/A	Director	$0	$0	$0
LARRY LEGUM	BOARD MEMBER	N/A	Director	$0	$0	$0
NICOLE LEGUM	SECRETARY	N/A	Officer Director	$0	$0	$0
KIMBERLY MARKHAM	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ADAM NEWMAN	PRESIDENT	N/A	Officer 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	No data	No data	No data	No data
2023	$45,046	$68,200	$6,638	$-23,154
2022	$237,816	$219,905	$27,608	$17,911

OVM'S LEGUM LEGACY CHARITY