THOMAS A COSTELLO LEGACY FOUNDATION (EIN 872721749) - 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

Ashley Costello

Phone

6123609454

Tax Period

2022-01-01 to 2022-12-31

THOMAS A COSTELLO LEGACY FOUNDATION, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $220K in total revenue in fiscal year 2022. The organization ran a surplus of $175K, a strong 80% operating margin.

Mission

The Thomas A. Costello Legacy Foundation is a 501(c)(3) non-profit organization dedicated to carrying on the legacy of Thomas A. Costello who passed away unexpectedly in an accident on June 11, 2021. We donate scholarships to Thomas's alma maters, as well as give donations to other 501c3 organizations that impacted Thomas's life such as Make a Wish Foundation and Donate Life. Our main fundraising activities are an annual Golf Tournament and annual 5k Run/Walk.

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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 (2022)

Revenue Breakdown

Contributions & Grants $308,204

Program Service Revenue $0

Investment Income $0

Other Revenue $-88,663

TOTAL REVENUE $219,541

Expense Breakdown

Grants Paid $44,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,400

Other Expenses $0

TOTAL EXPENSES $44,400

Year-over-Year Comparison

	2022	2021	Change
Revenue	$219,541	N/A	N/A
Expenses	$44,400	N/A	N/A
Net Income	$175,141	$0	N/A

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

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
Beth Costello	Board Member	4.00	Officer	$0	$0	$0
Sarah Costello	Board Member	4.00	Officer	$0	$0	$0
Ashley Costello	Board Member	4.00	Officer	$0	$0	$0
Patrick Costello	Board Member	4.00	Officer	$0	$0	$0
Kevin Farley	Board Member	4.00	Officer	$0	$0	$0
David Wiser	Board Member	4.00	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
2022	$219,541	$44,400	$175,141	$175,141

THOMAS A COSTELLO LEGACY FOUNDATION