THE CUTTY LEGACY FOUNDATION

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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

2000

Legal Domicile

Principal Officer

JEFF BERNICK

Phone

4808388111

Tax Period

2023-07-01 to 2024-06-30

THE CUTTY LEGACY FOUNDATION, founded in 2000, is a micro nonprofit in the Human Services sector that reported $30K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $52K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO HELP RAISE FUNDS TO SUPPORT THE ACTIVITIES OF THE CENTERS FOR HABILITATION, ASSIST INDIVIDUALS WHEN OTHER SOURCES ARE NOT AVAILABLE AND SUPPORT FAMILIES CARING FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $34,713

HELPING HANDS FUND PROVIDES GRANT DOLLARS TO INDIVIDUALS AND FAMILIES WHO MAY NOT BE ELIGIBLE FOR FUNDING THROUGH THE OTHER SOURCES AND YET STILL DESPERATELY NEED MEDICAL TREATMENT, EQUIPMENT, OR...

HELPING HANDS FUND PROVIDES GRANT DOLLARS TO INDIVIDUALS AND FAMILIES WHO MAY NOT BE ELIGIBLE FOR FUNDING THROUGH THE OTHER SOURCES AND YET STILL DESPERATELY NEED MEDICAL TREATMENT, EQUIPMENT, OR SUPPLIES TO LIVE MORE SATISFYING LIVES. THE CUTTY LEGACY FOUNDATION (TCLF) ALSO PROVIDES FINANCIAL SUPPORT TO THE CENTERS FOR HABILITATION. THE CUTTY LEGACY FOUNDATION HELD PROPERTY FOR THE BENEFIT OF THE CENTERS FOR HABILITATION/TCH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $200

Program Service Revenue $0

Investment Income $28,123

Other Revenue $1,810

TOTAL REVENUE $30,133

Expense Breakdown

Grants Paid $27,594

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,713

Other Expenses $24,454

TOTAL EXPENSES $52,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,133	$267,627	-0.9%
Expenses	$52,048	$48,137	+0.1%
Net Income	$-21,915	$219,490	-1.1%

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

100

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

$388,762

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW JOHNSON	CHAIR	0.50	Officer Director	$0	$0	$0
CECILIA ASHE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
KATHRYN HASKEW	SECRETARY	0.50	Director	$0	$0	$0
CINDY LEE	TREASURER	0.50	Director	$0	$0	$0
MEAGHAN KRAMERTHRU 13124	DIRECTOR	0.50	Director	$0	$0	$0
SHERYL CARITY	DIRECTOR	0.50	Director	$0	$0	$0
SURESH MURUGESAN	DIRECTOR	0.50	Director	$0	$0	$0
MIKE JONES	DIRECTOR	0.50	Director	$0	$0	$0
RYAN HOGAN	DIRECTOR	0.50	Director	$0	$0	$0
TAYLOR GIBSON	DIRECTOR	0.50	Director	$0	$0	$0
CHAD PRICE	DIRECTOR	0.50	Director	$0	$0	$0
JEFF BERNICK	PRESIDENT/CEO	2.00	Officer	$0	$28,500	$234,491
JAYASHREE GANESAN	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$0	$154,271

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	No data	No data	No data	No data
2024	$30,133	$52,048	$2,005,420	$-21,915
2023	$267,627	$48,137	$1,924,110	$219,490
2022	$59,945	$33,629	$1,774,494	$26,316
2021	$35,222	$26,555	$1,947,954	$8,667
2020	$29,089	$26,969	$1,806,899	$2,120
2019	$62,394	$34,261	$1,794,388	$28,133
2018	$60,484	$38,134	$1,758,630	$22,350