New Legacy Charter School QALICB (EIN 853151693) - 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

Sarah Bridich

Phone

3033407880

Tax Period

2024-07-01 to 2025-06-30

New Legacy Charter School QALICB, founded in 2020, is a small nonprofit in the Education sector that reported $193K in total revenue in fiscal year 2024. Expenses of $422K exceeded revenue, resulting in a 118% operating deficit.

Mission

The Corporation is a supporting organization of the New Legacy Charter School which serves primarily pregnant students or young parents.

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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 $0

Program Service Revenue $192,828

Investment Income $278

Other Revenue $0

TOTAL REVENUE $193,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $421,759

Other Expenses $421,759

TOTAL EXPENSES $421,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$193,106	$191,262	+0.0%
Expenses	$421,759	$419,993	+0.0%
Net Income	$-228,653	$-228,731	0.0%

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
Sarah Bridich	President	2.00	Officer Director	$0	$0	$0
Justin Ranney	Vice-President	2.00	Officer Director	$0	$0	$0
Jennifer Douglas	Member	2.00	Director	$0	$0	$0
Jessica Mace	Member	2.00	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	$193,106	$421,759	$4,790,718	$-228,653
2024	$191,262	$419,993	$5,019,020	$-228,731
2023	$182,068	$409,325	$5,249,680	$-227,257
2022	$187,184	$417,545	$5,452,608	$-230,361
2021	$541,700	$686,674	$5,690,969	$-144,974

New Legacy Charter School QALICB