Legacy Cares Inc CO Resolute Commercial Services

EIN: 843520422 501(c)(3) Recreation & Sports

Scottsdale, AZ

Total Revenue
$-173,161,664
Total Expenses
$75,284,637
Total Assets
$19,590,589
Net Assets
$-319,580,344
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
AZ
Principal Officer
Jeremiah Foster
Phone
4809473321
Tax Period
2023-01-01 to 2023-12-31

Legacy Cares Inc CO Resolute Commercial Services, founded in 2018, is a micro nonprofit in the Recreation & Sports sector that reported $173.2M in total revenue in fiscal year 2023. Revenue fell 722% from the prior year — a significant decline worth monitoring.

Mission

Legacy Cares, Inc. is a 501c3 non-profit organization dedicated to providing athletes and non-athletes alike of all ages, economic backgrounds, and levels of athletic proficiency the opportunity to participate in sports while fostering the enjoyment and camaraderie of teamwork and perseverance, key components in athletic competition and lifetime success. Its mission is to provide families a safe, friendly, high-quality environment in which to experience different sporting, artistic, educational, and entertainment amenities. Legacy Cares serves the community by providing opportunities to explore, learn, and develop new and existing skills in order to extract untapped abilities while promoting a healthy lifestyle.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,342,924
Program Service Revenue $19,501,519
Investment Income $-196,006,107
Other Revenue $0
TOTAL REVENUE $-173,161,664

Expense Breakdown

Grants Paid $2,462
Salaries & Benefits $559,512
Fundraising Expenses $83,147
Program Expenses $63,073,527
Other Expenses $74,722,663
TOTAL EXPENSES $75,284,637

Year-over-Year Comparison

2023 2022 Change
Revenue $-173,161,664 $27,849,745 -7.2%
Expenses $75,284,637 $71,628,394 +0.1%
Net Income $-248,446,301 $-43,778,649 +4.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
4
Volunteers
3

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
1
$142,917
Total Directors
5
$289,211
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lawrence K White Director 20.00
Director
$146,294 $0 $146,294
Douglas G Moss President 40.00
Officer Director
$142,917 $0 $142,917
Austin J Jack Chief Development Officer 40.00
$69,034 $0 $69,034
Daniel O'Brien Director 1.00
Director
$0 $0 $0
Natalie Alvarez Director 1.00
Director
$0 $0 $0
John Willis Director 1.00
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
2024 No data No data No data No data
2023 $-173,161,664 $75,284,637 $19,590,589 $-248,446,301
2022 $27,849,745 $71,628,394 $275,862,613 $-43,778,649
2021 $1,590,853 $21,774,888 $274,504,525 $-20,184,035
2020 $16,504 $7,593,015 $250,492,354 $-7,576,511
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