SRC LIVING LEGACY FOUNDATION

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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

WADE MEYERCORD

Phone

4087417353

Tax Period

2025-01-01 to 2025-12-31

SRC LIVING LEGACY FOUNDATION, founded in 2019, is a small nonprofit in the Public & Societal Benefit sector that reported $439K in total revenue in fiscal year 2025. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 62% operating margin.

Mission

TO GENERATE RESOURCES WITH WHICH TO FUND THE ENRICHMENT OF THE QUALITY OF LIFE WITHIN AND AFFILIATED WITH SARATOGA RETIREMENT COMMUNITY. THE MAIN ACTIVITY OF THE LIVING LEGACY FOUNDATION IS TO PROVIDE EDUCATIONAL GRANTS TO SRC EMPLOYEES AND THEIR CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $142,800

LIVING LEGACY FOUNDATION'S EDUCATIONAL GRANT PROGRAM GIVES SCHOLARSHIPS TO ANYONE WHO SATISFIES THESE TWO CRITERIA:1) THEY ARE AN EMPLOYEE OF THE SARATOGA RETIREMENT COMMUNITY, OR A SON OR DAUGHTER OF AN EMPLOYEE.2.) THEY HAVE BEEN ACCEPTED FOR A PLACE OR ARE CURRENTLY WORKING TOWARDS A DEGREE IN A TWO YEAR COLLEGE OR A FOUR YEAR UNIVERSITY OR HAVE BEEN ACCEPTED FOR A PLACE OR ARE CURRENTLY WORKING ON AN APPROVED COURSE LEADING TO A CERTIFIED NURSING ASSISTANT (CNA) QUALIFICATION AND ARE A STUDENT IN GOOD STANDING.THE FOUNDATION AWARDED 51 EDUCATIONAL GRANTS IN 2025.

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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 (2025)

Revenue Breakdown

Contributions & Grants $369,469

Program Service Revenue $0

Investment Income $68,019

Other Revenue $1,848

TOTAL REVENUE $439,336

Expense Breakdown

Grants Paid $142,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,800

Other Expenses $24,138

TOTAL EXPENSES $166,938

Year-over-Year Comparison

	2025	2024	Change
Revenue	$439,336	$323,983	+0.4%
Expenses	$166,938	$128,051	+0.3%
Net Income	$272,398	$195,932	+0.4%

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
PHYLLIS MEYERCORD	DIRECTOR	2.00	Director	$0	$0	$0
COLIN WHITBY-STREVENS	TREASURER	5.00	Officer Director	$0	$0	$0
WADE MEYERCORD	CHAIRMAN, ASSISTANT TREASU	5.00	Officer Director	$0	$0	$0
MARCIA CHAIKEN	SECRETARY	3.00	Officer Director	$0	$0	$0
TERRY STRATMAN	FUND DEVELOPMENT CO-CHAIR	3.00	Director	$0	$0	$0
JUDY STRATMAN	FUND DEVELOPMENT JOINT CHAIR	5.00	Director	$0	$0	$0
RICHARD LAMB	EDUCATION GRANTS CHAIR	5.00	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
2025	$439,336	$166,938	$2,312,079	$272,398
2024	$323,983	$128,051	$1,880,706	$195,932
2023	$321,596	$119,198	$1,579,153	$202,398
2022	$741,061	$110,826	$1,338,257	$630,235
2022	$741,061	$110,826	$1,338,065	$630,235
2021	$184,547	$125,268	$829,212	$59,279
2020	$700,283	$65,011	$775,841	$635,272