WALLACE LEGACY FOUNDATION INC

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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

2021

Legal Domicile

Tax Period

2025-01-01 to 2025-12-31

WALLACE LEGACY FOUNDATION INC, founded in 2021, is a small nonprofit in the Religion sector that reported $284K in total revenue in fiscal year 2025.

Mission

WALLACE LEGACY FOUNDATION PROVIDES CHARITABLE SUPPORT FOR MISSION TRIPS IN SOUTH ASIA AND AFRICA. THE FOUNDATION ALSO PROVIDES TRAINING, COACHING, AND VOLUNTEER SUPPORT FOR THE SUPPORTED ORGANIZATIONS IN THESE AREAS.

Program Service Accomplishments

Program 1

Expenses: $266,689 Revenue: $284,298

PRODUCTION OF NATIVE LANGUAGE BIBLES AND LITERATURE AS WELL AS SHIPPING TO FOREIGN COUNTRIES. MISSION SUPPORT FOR THE WILSONS TRAVELING TO INDIA. CAMBODIA MISSION WORK AND BUILDING SUPPORT. ROCK OF...

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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 $284,298

Program Service Revenue $0

Investment Income $124

Other Revenue $0

TOTAL REVENUE $284,422

Expense Breakdown

Grants Paid $159,400

Salaries & Benefits $21,310

Fundraising Expenses $3,688

Program Expenses $266,689

Other Expenses $110,348

TOTAL EXPENSES $291,058

Year-over-Year Comparison

	2025	2024	Change
Revenue	$284,422	$296,343	0.0%
Expenses	$291,058	$288,236	+0.0%
Net Income	$-6,636	$8,107	-1.8%

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

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
MICHAEL VAN HORN	PRESIDENT	40.00	Officer	$0	$0	$0
KURT COPELAND	SECRETARY	0.00	Officer	$0	$0	$0
DAVID ALCORN	TREASURER	0.00	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
2025	$284,422	$291,058	$27,173	$-6,636
2024	$296,343	$288,236	$33,809	$8,107
2023	$274,431	$279,406	$25,721	$-4,975
2022	$327,038	$322,182	$30,895	$4,856
2021	$310,611	$284,790	$25,821	$25,821