LEGACY ACADEMY OF DELAWARE INC

EIN: 882639576 501(c)(3) Education

Georgetown, DE

Total Revenue
$279,879
Total Expenses
$263,077
Total Assets
$37,641
Net Assets
$37,641
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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
DE
Principal Officer
Karen Barbrow
Phone
3022173144
Tax Period
2025-01-01 to 2025-12-31

LEGACY ACADEMY OF DELAWARE INC, founded in 2022, is a small nonprofit in the Education sector that reported $280K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $263K left a modest 6% surplus.

Mission

Classical Christian School Grades K-8

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $165,284
Program Service Revenue $114,595
Investment Income $0
Other Revenue $0
TOTAL REVENUE $279,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $218,353
Fundraising Expenses $0
Program Expenses $263,077
Other Expenses $44,724
TOTAL EXPENSES $263,077

Year-over-Year Comparison

2025 2024 Change
Revenue $279,879 $227,713 +0.2%
Expenses $263,077 $241,988 +0.1%
Net Income $16,802 $-14,275 -2.2%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
11
Volunteers
10

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Louden Secretary 2
Director
$0 $0 $0
Brian Parks Treasurer 2
Director
$0 $0 $0
Dale Williams Member 2
Director
$0 $0 $0
Duane Smith Chairman 2
Director
$0 $0 $0
Terry Cellini Member 2
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 $279,879 $263,077 $37,641 $16,802
2024 No data No data No data No data
2023 $242,131 $246,104 $35,114 $-3,973
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