LEGACY COLLECTIVE (EIN 871730864) - 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

LINDSEY KANE LEAVERTON

Phone

5129203755

Tax Period

2024-01-01 to 2024-12-31

LEGACY COLLECTIVE, founded in 2021, is a small nonprofit that reported $663K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $831K exceeded revenue, resulting in a 25% operating deficit.

Mission

LEGACY COLLECTIVE WORKS TO SOLVE SYSTEMIC ISSUES BY FUNDING THE MOST SUSTAINABLE, INNOVATIVE EFFORTS THROUGH PARTNERSHIPS WITH NONPROFIT ORGANIZATIONS LOCALLY AND GLOBALLY.

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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 $661,400

Program Service Revenue $0

Investment Income $386

Other Revenue $1,256

TOTAL REVENUE $663,042

Expense Breakdown

Grants Paid $382,893

Salaries & Benefits $200,739

Fundraising Expenses $21,967

Program Expenses $736,307

Other Expenses $247,043

TOTAL EXPENSES $830,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$663,042	$1,204,045	-0.4%
Expenses	$830,675	$1,355,769	-0.4%
Net Income	$-167,633	$-151,724	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$98,498

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSEY KANE LEAVERTON	CHAIRMAN	4.30	Officer Director	$0	$0	$0
ERIN ARNHEIM	CHIEF EXECUTIVE OFFICER	40.00	Officer	$88,054	$10,444	$98,498
JENNIFER HATMAKER	CO-FOUNDER/CHIEF OUTREACH OFFICER	40.00	Officer Director	$0	$0	$0
JOSEPH GRAHAM	VICE CHAIRMAN & SECRETARY	2.00	Officer Director	$0	$0	$0
STEVE BRYANT	TREASURER	2.00	Officer Director	$0	$0	$0
LISA MARIE HANNA	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA NTUBE	DIRECTOR	2.00	Director	$0	$0	$0
JESSI AAKRE	DIRECTOR	2.00	Director	$0	$0	$0
DANA BLANKENSHIP	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE GROVER	DIRECTOR	2.00	Director	$0	$0	$0
DENTON GRUZENSKY	DIRECTOR	2.00	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
2024	$663,042	$830,675	No data	$-167,633
2023	$1,204,045	$1,355,769	$187,888	$-151,724
2022	$1,359,367	$1,156,353	$320,399	$203,014

LEGACY COLLECTIVE