Legacy Resource Foundation Inc (EIN 872939483) - 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

David Yates

Phone

7274096282

Tax Period

2024-07-01 to 2025-06-30

Legacy Resource Foundation Inc, founded in 2021, is a small nonprofit in the Human Services sector that reported $189K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $171K left a modest 10% surplus.

Mission

TO PROVIDE COUNSELING AND RESOURCES TO INDIVIDUALS,AND FAMILIES, DURING TIMES OF NEED

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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 $189,007

Investment Income $0

Other Revenue $2

TOTAL REVENUE $189,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,119

Fundraising Expenses $13,470

Program Expenses $144,886

Other Expenses $121,496

TOTAL EXPENSES $170,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,009	$106,052	+0.8%
Expenses	$170,615	$117,001	+0.5%
Net Income	$18,394	$-10,949	-2.7%

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

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

$96,500

Total Directors

$96,500

Key Employees

$46,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID YATES	CEO/CHAIR	015.00	Officer Director	$48,000	$0	$48,000
TERRY L COLLIER	DIRECTOR/VP	030.00	Officer Director Key Emp Highest	$46,000	$0	$46,000
JENNIFER BICKEY	SECT	015.00	Officer Director	$2,500	$0	$2,500
DAVID CIMINO	TREAS	010.00	Officer 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	$189,009	$170,615	$45,358	$18,394
2024	$106,052	$117,001	$26,763	$-10,949
2023	$81,481	$75,780	$40,858	$5,701
2022	$49,250	$14,772	$34,478	$34,478

Legacy Resource Foundation Inc