Legacies Empowered 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

2020

Legal Domicile

Principal Officer

Charde Hollins

Phone

2164461899

Tax Period

2024-01-01 to 2024-12-31

Legacies Empowered Inc, founded in 2020, is a small nonprofit in the Human Services sector that reported $291K in total revenue in fiscal year 2024. Expenses of $274K left a modest 6% surplus.

Mission

Provide culturally-responsive support to reduce barriers and foster pathways towards generational success for underrepresented communities.

Program Service Accomplishments

Program 1

Expenses: $81,564 Revenue: $110,000

Hustle & Heal: Youth Job Training - Empowering youth and young adults with employable skills to break barriers, strengthen families and build healthy generations

Program 2

Expenses: $64,723 Revenue: $70,000

Equipping faith communities with the tools to respond to mental health and substance use issues

Program 3

Expenses: $36,498 Revenue: $45,000

Distributing naloxone, the overdose reversal medication, and hosting training on how to administer it

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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 $229,685

Program Service Revenue $60,832

Investment Income $0

Other Revenue $0

TOTAL REVENUE $290,517

Expense Breakdown

Grants Paid $39,281

Salaries & Benefits $130,988

Fundraising Expenses $0

Program Expenses $182,785

Other Expenses $103,671

TOTAL EXPENSES $273,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,517	N/A	N/A
Expenses	$273,940	N/A	N/A
Net Income	$16,577	N/A	N/A

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

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

$1,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARDE HOLLINS	Executive Director	0.00	Director	$0	$0	$1,200

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	$290,517	$273,940	$19,721	$16,577
2024	$290,517	$273,940	$19,721	$16,577