SUMMERS LEGACY FOUNDATION INC (EIN 870940124) - Form 990 Financial Analysis & Trantor Score

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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

2021

Legal Domicile

Principal Officer

KYLE HUBBS

Phone

5049469775

Tax Period

2023-01-01 to 2023-12-31

SUMMERS LEGACY FOUNDATION INC, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $467K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 19% operating margin.

Mission

THE FOUNDATION SUPPORTS A VARIETY OF CHARITABLE AND EDUCATIONAL INITIATIVES WITHIN UNDERPRIVILEDGED COMMUNITIES, INCLUDING SCHOLARSHIP AWARDS TO STUDENTS, WITH A FOCUS ON STUDENTS ATTENDING SCHOOL IN ST. TAMMY PARISH AND OTHER NEIGHBORHOODS IN NEED THAT ARE LOCATED IN AND AROUND NEW ORLEANS.

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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 $467,000

Program Service Revenue $0

Investment Income $191

Other Revenue $0

TOTAL REVENUE $467,191

Expense Breakdown

Grants Paid $30,319

Salaries & Benefits $211,099

Fundraising Expenses $2,406

Program Expenses $220,533

Other Expenses $138,075

TOTAL EXPENSES $379,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$467,191	$250,000	+0.9%
Expenses	$379,493	$247,459	+0.5%
Net Income	$87,698	$2,541	+33.5%

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

Employees

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

$197,000

Total Directors

$197,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE HUBBS	PRESIDENT/DIRECTOR	20.00	Officer Director	$185,000	$0	$185,000
SHANE HUBBS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HUBBS	DIRECTOR	1.00	Director	$0	$0	$0
RYAN HUBBS	SEC/TREAS/DIRECTOR	1.00	Officer Director	$12,000	$0	$12,000

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	No data	No data	No data	No data
2023	$467,191	$379,493	$115,591	$87,698
2022	$250,000	$247,459	$25,689	$2,541

SUMMERS LEGACY FOUNDATION INC