LEGACY GOLF CLUB INC (EIN 881753972) - 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

Principal Officer

LYDIA ANDERSON

Phone

7724667888

Tax Period

2024-10-01 to 2024-12-31

LEGACY GOLF CLUB INC, founded in 2022, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2024. Net assets of $2.2M represent 25 months of operating reserves.

Mission

TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION

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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 $832,082

Investment Income $1,621

Other Revenue $209,106

TOTAL REVENUE $1,042,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $576,866

Fundraising Expenses $0

Other Expenses $530,586

TOTAL EXPENSES $1,107,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,042,809	N/A	N/A
Expenses	$1,107,452	N/A	N/A
Net Income	$-64,643	N/A	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

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

$271,680

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYDIA ANDERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK CREVIER	TREASURER	1.00	Officer Director	$0	$0	$0
RICH HARVIE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GERALD GALLO	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN CLAR	GOVERNOR	1.00	Director	$0	$0	$0
TONY GIORDANO	GOVERNOR	1.00	Director	$0	$0	$0
JACK JOHNSON	GOVERNOR	1.00	Director	$0	$0	$0
BILL RICHARDS	GOVERNOR	1.00	Director	$0	$0	$0
JEFF TOMATORE	GOVERNOR	1.00	Director	$0	$0	$0
ADAM HORVITT	FORMER GENERAL MANAGER	45.00	Officer	$85,077	$9,346	$94,423
LAUREN AREND	ACCOUNTING MANAGER	45.00	Officer	$75,000	$6,257	$81,257
ELIZABETH FRITZ-GRANT	CURRENT GENERAL MANAGER	45.00	Officer	$96,000	$0	$96,000
WILLIAM SOMER	EXECUTIVE CHEF	40.00	Highest	$105,199	$10,105	$115,304
CHRIS GAST	SUPERINTENDENT	40.00	Highest	$144,308	$0	$144,308

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	$1,042,809	$1,107,452	$6,359,866	$-64,643

LEGACY GOLF CLUB INC