MARLIN LEGACY FOUNDATION (EIN 881506577) - 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

2022

Legal Domicile

Phone

3612710790

Tax Period

2024-01-01 to 2024-12-31

MARLIN LEGACY FOUNDATION, founded in 2022, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO FACILITATE FINANCIAL SUPPORT FOR THE PORT ARANSAS ISD EDUCATORS AND STAFF TO ENSURE ACADEMIC SUCCESS OF CURRENT AND FUTURE MARLINS.

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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 $367,524

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $367,524

Expense Breakdown

Grants Paid $350,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $350,000

Other Expenses $10,989

TOTAL EXPENSES $360,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,524	$313,588	+0.2%
Expenses	$360,989	$321,640	+0.1%
Net Income	$6,535	$-8,052	-1.8%

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
MICHAEL DAYON	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHAD SHIMAITIS	SECRETARY / TREASURER	10.00	Officer Director	$0	$0	$0
CHARLES W CRAWFORD JR	BOARD MEMBER	2.00	Director	$0	$0	$0
FELICIA FOSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARNIE PATE	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CLARE ADAMS	BOARD MEMBER	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	$367,524	$360,989	$25,685	$6,535
2023	$313,588	$321,640	$25,150	$-8,052
2022	$176,254	$149,052	$33,202	$27,202

MARLIN LEGACY FOUNDATION