The Legacy Cellar Foundation (EIN 843243945) - 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

2020

Legal Domicile

Principal Officer

Garth Hodgdon Director

Phone

9169954680

Tax Period

2022-01-01 to 2022-12-31

The Legacy Cellar Foundation, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $542K in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. Expenses of $658K exceeded revenue, resulting in a 22% operating deficit.

Mission

Our mission is to convert wine collections into charitable donations bringing a previously untapped source of funding to the philanthropic sector, enabling greater positive impact and ensuring curated wine collections will be enjoyed by future enthusiasts.

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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 (2022)

Revenue Breakdown

Contributions & Grants $541,691

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $541,691

Expense Breakdown

Grants Paid $151,001

Salaries & Benefits $197,864

Fundraising Expenses $15,941

Program Expenses $493,464

Other Expenses $309,574

TOTAL EXPENSES $658,439

Year-over-Year Comparison

	2022	2021	Change
Revenue	$541,691	$593,324	-0.1%
Expenses	$658,439	$510,163	+0.3%
Net Income	$-116,748	$83,161	-2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Garth Hodgdon	Director	40.00	Director	$0	$0	$0
Jeffrey Cova	CFO	1.00	Officer	$0	$0	$0
James Luce	President	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
2022	$541,691	$658,439	$254,515	$-116,748
2021	$593,324	$510,163	$383,367	$83,161

The Legacy Cellar Foundation