DOC SMITH 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

2020

Legal Domicile

Principal Officer

MURDOCK SMITH

Phone

9168442283

Tax Period

2022-07-01 to 2023-06-30

DOC SMITH LEGACY FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $217K in total revenue in fiscal year 2022. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 31% operating margin.

Mission

DOC SMITH LEGACY FOUNDATION'S MISSION IS TO ASSIST STUDENTS AND COMMUNITY WITH ENDEAVORS THAT WILL FURTHER THEIR OPPORTUNITIES FOR JOBS AND SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

ALUMNI TRUNK OR TREATON OCTOBER 26, 2022, THE ALUMNI ASSOCIATION HOSTED ITS FIRST-EVER TRUNK OR TREAT EVENT AT OUR GRAND AVE CAMPUS. WE WERE ABLE TO CONNECT WITH OVER 100 OF OUR ALUMNI AND THEIR...

ALUMNI TRUNK OR TREATON OCTOBER 26, 2022, THE ALUMNI ASSOCIATION HOSTED ITS FIRST-EVER TRUNK OR TREAT EVENT AT OUR GRAND AVE CAMPUS. WE WERE ABLE TO CONNECT WITH OVER 100 OF OUR ALUMNI AND THEIR CHILDREN IN SPONSORING AN EVENT WHOSE FOCUS WAS TO RECONNECT FORMER STUDENTS TO ALUMNI SERVICES.

Program 2

Expenses: $13,330 Revenue: $0

CAREER FAIRON SEPTEMBER 29, 2022 AND JUNE 22, 2023, THE HIGHLANDS ALUMNI ASSOCIATION AND HCCTS CENTER FOR WORKFORCE SOLUTIONS HOSTED THE "LET'S TALK CAREERS" JOB FAIR. WE HAD 15 EMPLOYERS PRESENT AND SAW OVER 300 ALUMNI AND STUDENTS. THIS SUPPORTS OUR FOUNDATION'S MISSION OF FINDING CAREER OPPORTUNITIES FOR GRADUATES AND CURRENT STUDENTS.

Program 3

Expenses: $90,659 Revenue: $0

HARDSHIP GRANTS TO STUDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $218,654

Program Service Revenue $0

Investment Income $0

Other Revenue $-2,071

TOTAL REVENUE $216,583

Expense Breakdown

Grants Paid $90,659

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,989

Other Expenses $58,119

TOTAL EXPENSES $148,778

Year-over-Year Comparison

	2022	2021	Change
Revenue	$216,583	$124,635	+0.7%
Expenses	$148,778	$8,431	+16.6%
Net Income	$67,805	$116,204	-0.4%

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

110

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

$439,120

Total Directors