LANCER LEGACY INC

EIN: 842851255 501(c)(3) Recreation & Sports

ELDRIDGE, IA

Total Revenue
$80,994
Total Expenses
$77,280
Total Assets
$129,219
Net Assets
$129,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IA
Phone
5632718742
Tax Period
2024-07-01 to 2025-06-30

LANCER LEGACY INC, founded in 2019, is a micro nonprofit in the Recreation & Sports sector that reported $81K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $77K left a modest 5% surplus.

Mission

IS OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. LANCER LEGACY IS A FUNDRAISNG ENTITY THAT WORKS WITH THE NORTH SCOTT COMMUNITY SCHOOL DISTRICT, ITS ALUMNI STAFF AND THE LOCAL COMMUNITY BY SOLICITING DONATIONS AND PLEDGES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $80,844
Program Service Revenue $0
Investment Income $150
Other Revenue $0
TOTAL REVENUE $80,994

Expense Breakdown

Grants Paid $77,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $77,280
Other Expenses $280
TOTAL EXPENSES $77,280

Year-over-Year Comparison

2024 2023 Change
Revenue $80,994 $320,483 -0.7%
Expenses $77,280 $301,155 -0.7%
Net Income $3,714 $19,328 -0.8%
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

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Governance

Voting Members
4
Independent Members
4
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES LEWIS TREASURER 2.00
Officer
$0 $0 $0
TRICIA CAMPBELL VICE PRESIDENT 1.00
Officer
$0 $0 $0
NANCY CASE SECRETARY 1.00
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
2025 $80,994 $77,280 $129,219 $3,714
2024 $320,483 $301,155 $125,505 $19,328
2023 $106 $485 $106,177 $-379
2022 $64,314 $105,000 $106,556 $-40,686
2021 $565 $157,875 $235,391 $-157,310
2021 $565 $246,023 $147,243 $-245,458
2020 $393,345 $644 $392,701 $392,701
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