ELAINE LEGACY CENTER INC (EIN 842992317) - 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

2020

Legal Domicile

Principal Officer

Mary Olson

Phone

8708166798

Tax Period

2022-01-01 to 2022-12-31

ELAINE LEGACY CENTER INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $275K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $378K exceeded revenue, resulting in a 37% operating deficit.

Mission

To research, reserve and share history of Elaine, AR, and 2) Community Service

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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 (2022)

Revenue Breakdown

Contributions & Grants $275,355

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $275,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $377,536

Other Expenses $377,536

TOTAL EXPENSES $377,536

Year-over-Year Comparison

	2022	2021	Change
Revenue	$275,355	$222,538	+0.2%
Expenses	$377,536	$91,108	+3.1%
Net Income	$-102,181	$131,430	-1.8%

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

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
William Quiney III	President	1	Officer Director	$0	$0	$0
Lenora Marshall	Vice President	1	Officer Director	$0	$0	$0
Bertha Glasgow	Member	1	Director	$0	$0	$0
James White	Member	1	Director	$0	$0	$0
Faye Duncan Daniel	Member	1	Director	$0	$0	$0
Edlun Marshall	Member	1	Director	$0	$0	$0
Mary Olson	Member	3	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
2022	$275,355	$377,536	$37,093	$-102,181

ELAINE LEGACY CENTER INC