LEGACY IMPACT CAPITAL

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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

RAYMOND H SOWELL

Phone

9198416564

Tax Period

2024-01-01 to 2024-12-31

LEGACY IMPACT CAPITAL, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $666K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum.

Mission

COMMUNITY REDEVELOPMENT THROUGH EXPANSION OF EDUCATION CHOICE, WORKFORCE HOUSING, AND ATTAINABLE SENIOR HOUSING IN COMMUNITIES OF NEED.

Program Service Accomplishments

Program 1

Expenses: $679,565 Revenue: $665,940

COMMUNITY REDEVELOPMENT THROUGH EXPANSION OF EDUCATION CHOICE, WORKFORCE HOUSING, AND ATTAINABLE SENIOR HOUSING IN COMMUNITIES OF NEED.

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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 $0

Program Service Revenue $645,054

Investment Income $20,886

Other Revenue $0

TOTAL REVENUE $665,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $679,565

Other Expenses $719,321

TOTAL EXPENSES $719,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$665,940	$351,670	+0.9%
Expenses	$719,321	$193,442	+2.7%
Net Income	$-53,381	$158,228	-1.3%

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

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

$61,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND H SOWELL	BOARD CHAIR	10.00	Director	$0	$0	$0
KEISHA STEVENS	VICE CHAIR	1.00	Director	$0	$0	$0
ANDREW SOWELL	PRESIDENT	10.00	Officer	$0	$61,840	$61,840

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	$665,940	$719,321	$2,864,760	$-53,381
2023	$351,670	$193,442	$2,202,636	$158,228
2022	$1,460,133	$794,325	$1,226,024	$665,808
2021	$787,143	$226,942	$560,201	$560,201