WALLACE LEGACY FOUNDATION INC

EIN: 853815233 501(c)(3) Religion

MURFREESBORO, TN

Total Revenue
$284,422
Total Expenses
$291,058
Total Assets
$27,173
Net Assets
$27,173
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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
TN
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.

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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 (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

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Governance

Voting Members
3
Independent Members
2
Employees
1
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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