LEGACY VENTURES (EIN 871423567) - 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

LENWOOD COLEMAN

Phone

2402466260

Tax Period

2024-01-01 to 2024-12-31

LEGACY VENTURES, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $511K in total revenue in fiscal year 2024. Revenue surged 5908% from the prior year, signaling strong growth momentum. The organization ran a surplus of $426K, a strong 83% operating margin.

Mission

PROVIDE LOW-MODERATE INCOME HOUSING, SOLAR ENERGY, WORK FORCE DEVELOPMENT AND WORK BASED LEARNING

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $511,131

TOTAL REVENUE $511,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,516

Other Expenses $84,892

TOTAL EXPENSES $84,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$511,131	$8,508	+59.1%
Expenses	$84,892	$33,063	+1.6%
Net Income	$426,239	$-24,555	-18.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LENWOOD COLEMAN	FOUNDER / CEO	50.00	Director	$0	$0	$0
WES THORN	VICE CHAIR/ COO	15.00	Director	$0	$0	$0
RANDALL LEONARD	FINANCE CHAIR	2.00	Director	$0	$0	$0
LINDA KILBY	HEALTH & WELLNESS CHAIR	2.00	Director	$0	$0	$0
TAMMY JAMERSON	BOARD MEMBER	1.00	Officer	$0	$0	$0
JAMES VINES	GOVERNANCE CHAIR	1.00	Director	$0	$0	$0
DOREEN VINES	SECRETARY	1.00	Officer	$0	$0	$0
DWAYNE LESILE	ATTORNEY	1.00	Officer	$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	$511,131	$84,892	$512,982	$426,239

LEGACY VENTURES