LEGACY HEALTH FOUNDATION (EIN 920474042) - 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

JOSE BANOS

Phone

6267057347

Tax Period

2023-01-01 to 2023-12-31

LEGACY HEALTH FOUNDATION, founded in 2022, is a micro nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 108% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE QUALITY AND ACCESSIBLE HEALTHCARE TO RURAL COMMUNITIES AND DISENFRANCHISED COMMUNITIES.

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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 $7,500

Program Service Revenue $0

Investment Income $0

Other Revenue $-1,634,327

TOTAL REVENUE $-1,626,827

Expense Breakdown

Grants Paid $20,337

Salaries & Benefits $84,628

Fundraising Expenses $0

Program Expenses $20,337

Other Expenses $204,351

TOTAL EXPENSES $309,316

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-1,626,827	$21,600,000	-1.1%
Expenses	$309,316	$854,760	-0.6%
Net Income	$-1,936,143	$20,745,240	-1.1%

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

N/A

Employees

Volunteers

N/A

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
TROY SCHELL	Chairman	5.00	Director	$0	$0	$0
JOSE BANOS	CFO	5.00	Officer Director	$0	$0	$0
JUAN BANOS	President	5.00	Officer Director	$0	$0	$0
VANESSA BANOS	Director	5.00	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	No data	No data	No data	No data
2023	$-1,626,827	$309,316	$18,790,836	$-1,936,143
2022	$21,600,000	$854,760	$20,745,240	$20,745,240

LEGACY HEALTH FOUNDATION