LHS LEGACY INC

EIN: 862916134 501(c)(3) Health Care

WILLOUGHBY, OH

Total Revenue
$51,931
Total Expenses
$770
Total Assets
$2,110,130
Net Assets
$2,110,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
OH
Principal Officer
BRETT S HIMES
Phone
4403541991
Tax Period
2024-01-01 to 2024-12-31

LHS LEGACY INC, founded in 2021, is a micro nonprofit in the Health Care sector that reported $52K in total revenue in fiscal year 2024. The organization ran a surplus of $51K, a strong 99% operating margin.

Mission

TO OVERSEE AND ENFORCE THE TERMS OF THE MEMBER SUBSTITUTION AGREEMENT IN FURTHERANCE OF THE BEST INTERESTS OF ITS SUPPORTED ORGANIZATION, LAKE HOSPITAL SYSTEM, INC., AND ITS MISSION TO OPERATE FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $51,931
Other Revenue $0
TOTAL REVENUE $51,931

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $770
TOTAL EXPENSES $770

Year-over-Year Comparison

2024 2023 Change
Revenue $51,931 $48,611 +0.1%
Expenses $770 $770 N/A
Net Income $51,161 $47,841 +0.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HIMES BRETT S DIRECTOR/TREASURER 2.00
Officer Director
$0 $0 $0
MAYHER MICHAEL E DIRECTOR/SECRETARY 2.00
Officer Director
$0 $0 $0
JUBECK THOMAS P DIRECTOR/CHAIRMAN 2.00
Officer Director
$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
2024 $51,931 $770 $2,110,130 $51,161
2022 $11,128 No data $2,011,128 No data
2021 No data No data $2,000,000 No data
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