LEGACY FUND FOR BOSTON INC C/O HEMENWAY & BARNES LLP (EIN 920856043) - 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

CARISSA DEMORE

Phone

8778295500

Tax Period

2023-07-01 to 2024-06-30

LEGACY FUND FOR BOSTON INC C/O HEMENWAY & BARNES LLP, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $70K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 20% operating deficit.

Mission

WORKS TO ENHANCE AND PRESERVE THE PHYSICAL APPEARANCE, COMMUNITY AND NEIGHBORHOOD DIVERSITY, AND CULTURAL ASPECTS OF THE CITY OF BOSTON.

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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 $29,762

Program Service Revenue $0

Investment Income $40,639

Other Revenue $0

TOTAL REVENUE $70,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $84,354

TOTAL EXPENSES $84,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,401	$2,346,628	-1.0%
Expenses	$84,354	$36,563	+1.3%
Net Income	$-13,953	$2,310,065	-1.0%

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

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
KATHERINE KOTTARIDIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALISON FRAZEE	TREASURER	2.00	Officer Director	$0	$0	$0
RYAN MCMANUS	CLERK	2.00	Officer Director	$0	$0	$0
CARISSA DEMORE	DIRECTOR	1.00	Director	$0	$0	$0
DENEEN CROSBY	DIRECTOR	1.00	Director	$0	$0	$0
GERALD W R WARD	DIRECTOR	1.00	Director	$0	$0	$0
BYRON RUSHING	DIRECTOR	1.00	Director	$0	$0	$0
CANDELARIA SILVA-COLLINS	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$70,401	$84,354	$2,330,870	$-13,953
2023	$2,346,628	$36,563	$2,313,387	$2,310,065

LEGACY FUND FOR BOSTON INC C/O HEMENWAY & BARNES LLP