Legacy Connection

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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

2001

Legal Domicile

Phone

6027781200

Tax Period

2023-01-01 to 2023-12-31

Legacy Connection, founded in 2001, is a small nonprofit in the Health Care sector that reported $222K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $487K exceeded revenue, resulting in a 120% operating deficit.

Mission

LEGACY CONNECTION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE AND HEALTH OF THOSE WE SERVE. IT WILL ACCOMPLISH ITS MISSION BY OPERATING FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES AS DEFINED PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, "INCLUDING BUT NOT LIMITED TO ADDRESSING FUNDAMENTAL HUMAN NEEDS FOR FOOD, CLOTHING, SAFETY, HOUSING, HEALTH AND EDUCATION".

Program Service Accomplishments

Program 1

Expenses: $223,686 Revenue: $0

LEGACY CONNECTION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE AND HEALTH OF THOSE WE SERVE PRINCIPALLY BY OPERATING FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES AS DEFINED PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, "INCLUDING BUT NOT LIMITED TO ADDRESSING FUNDAMENTAL HUMAN NEEDS FOR FOOD, CLOTHING, SAFETY, HOUSING, HEALTH AND EDUCATION".

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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 (2023)

Revenue Breakdown

Contributions & Grants $221,764

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $221,764

Expense Breakdown

Grants Paid $205,669

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $223,686

Other Expenses $281,107

TOTAL EXPENSES $486,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,764	$143,896	+0.5%
Expenses	$486,776	$79,459	+5.1%
Net Income	$-265,012	$64,437	-5.1%

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

$652,275

Total Directors

$368,823

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR/CHAIRMAN	2.0	Officer Director	$0	$0	$0
N/A	DIRECTOR/CEO	4.0	Officer Director	$0	$36,712	$368,823
N/A	DIRECTOR/SECRETARY	2.0	Officer Director	$0	$0	$0
N/A	DIRECTOR/TREASURER	2.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	VICE PRESIDENT	1.0	Officer	$0	$23,313	$178,488
N/A	VICE PRESIDENT	1.0	Officer	$0	$5,791	$104,964

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	No data	No data	No data	No data
2023	$221,764	$486,776	$152,530	$-265,012
2022	$143,896	$79,459	$148,727	$64,437
2021	$114,877	$91,953	$207,679	$22,924
2020	$123,322	$52,400	$184,755	$70,922
2019	$216,640	$121,203	$113,833	$95,437