Legends Sports Inc (EIN 870772930) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Ronald J Cortese

Phone

7032555165

Tax Period

2025-01-01 to 2025-12-31

Legends Sports Leagues Inc, founded in 2006, is a small nonprofit in the Youth Development sector that reported $424K in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year. Expenses of $475K exceeded revenue, resulting in a 12% operating deficit.

Mission

Legends provides adult and youth sports leagues and related sports activities yearround

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $518,508

Investment Income $6,691

Other Revenue $0

TOTAL REVENUE $525,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,000

Fundraising Expenses $0

Program Expenses $235,905

Other Expenses $277,958

TOTAL EXPENSES $317,958

Year-over-Year Comparison

	2025	2024	Change
Revenue	$525,199	$504,915	+0.0%
Expenses	$317,958	$480,578	-0.3%
Net Income	$207,241	$24,337	+7.5%

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

N/A

Employees

N/A

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

$40,000

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD J CORTESE	PresidentTreasurer	30.00	Officer Director	$40,000	$0	$40,000
JOYCE EABY	Vice President	0.00	Officer Director	$0	$0	$0
AMY K FARABOW	Secretary	2.00	Officer Director	$0	$0	$0
ALYSSA J CORTESE	Special Projects	0.00	Director	$0	$0	$0
CHRISTOPHER J CORTESE	Special Projects	0.00	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
2025	$525,199	$317,958	$667,709	$207,241
2024	$504,915	$480,578	$180,000	$24,337
2023	$543,633	$496,582	$180,000	$47,051
2022	$445,538	$385,943	$180,000	$59,595
2021	$366,744	$332,054	$186,000	$34,690
2019	$432,763	$417,491	$199,906	$15,272
2018	$423,764	$474,576	$179,831	$-50,812

Legends Sports Inc