LEGACY ACADEMY INC (EIN 843203340) - 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

2019

Legal Domicile

Principal Officer

LISA TAYLOR

Phone

4173362139

Tax Period

2024-07-01 to 2025-06-30

LEGACY ACADEMY INC, founded in 2019, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 13% surplus.

Mission

TO PROVIDE A CLASSICAL CHRISTIAN EDUCATION FOR PRE-K THROUGH 12TH GRADE.

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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 $55,260

Program Service Revenue $1,636,525

Investment Income $-21,263

Other Revenue $0

TOTAL REVENUE $1,670,522

Expense Breakdown

Grants Paid $37,127

Salaries & Benefits $1,050,469

Fundraising Expenses $2,230

Program Expenses $1,416,001

Other Expenses $371,635

TOTAL EXPENSES $1,459,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,670,522	$1,363,482	+0.2%
Expenses	$1,459,231	$1,385,341	+0.1%
Net Income	$211,291	$-21,859	-10.7%

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

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

$46,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA TAYLOR	PRESIDENT	5.00	Officer Director	$0	$0	$0
JERRY SANDERSON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TARA PETERSON	SECRETARY	5.00	Officer Director	$0	$0	$0
MARK PEARMAN	TREASURER	5.00	Officer Director	$0	$0	$0
NICHOLAS GRIMWOOD	DIRECTOR	1.00	Director	$0	$0	$0
DEAN O'BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN JONES	DIRECTOR OF OPERATIONS	40.00	Officer	$46,154	$0	$46,154

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	$1,670,522	$1,459,231	$723,804	$211,291
2024	No data	No data	No data	No data
2023	$378,278	$343,526	$589,068	$34,752

LEGACY ACADEMY INC