LAKE SHORE JR SR HIGH SCHOOL LEGACY MEMORIAL PARK (EIN 920249451) - 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

Edna McClendon

Phone

8139925211

Tax Period

2024-01-01 to 2024-12-31

LAKE SHORE JR SR HIGH SCHOOL LEGACY MEMORIAL PARK, founded in 2022, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 797% operating deficit.

Mission

Legacy park will continually educate its graduates, attendees, and general public about the school's accomplishments (teachers, doctors, attorneys, corporate officers, community leaders, etc.). It shall: a)provide a self help network to further the general welfare of the community, b) promote local and community wide services to assist individuals seeking career and educational support, and c) cooperate with all historical and governmental agencies in taking lawful actions to ensure discrimination is addressed and removed.

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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 $2,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,356

Other Expenses $22,426

TOTAL EXPENSES $22,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,500	$31,033	-0.9%
Expenses	$22,426	$5,752	+2.9%
Net Income	$-19,926	$25,281	-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
Edna O McClendon	President	10	Director	$0	$0	$0
Willie Holt	Senior Vice President	10	Director	$0	$0	$0
Sandra D Stewart	Vice President	10	Director	$0	$0	$0
Josie Boone	Secretary	10	Director	$0	$0	$0
Joseph Johnson	Treasurer	10	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	$2,500	$22,426	$5,355	$-19,926
2023	$31,033	$5,752	$25,281	$25,281

LAKE SHORE JR SR HIGH SCHOOL LEGACY MEMORIAL PARK