LEGACY ADVENTIST VENTURE

EIN: 931121816 501(c)(3)

PORTLAND, OR

Total Revenue
$2
Total Expenses
$125,158
Total Assets
N/A
Net Assets
N/A
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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
1992
Legal Domicile
OR
Principal Officer
KATHRYN CORREIA
Phone
5034155600
Tax Period
2018-04-01 to 2019-03-31

LEGACY ADVENTIST VENTURE, founded in 1992, is a micro nonprofit that reported $2 in total revenue in fiscal year 2018. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 6257800% operating deficit.

Mission

THE LEGACY ADVENTIST VENTURE COORDINATES BEHAVIORAL HEALTH SERVICES CONTRACTS INCLUDING MENTAL HEALTH, CHEMICAL DEPENDENCY AND INPATIENT SERVICES TO THOSE WHOSE CARE WOULD OTHERWISE BE PROVIDED IN STATE SPONSORED PROGRAMS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $2

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $125,158
Other Expenses $125,158
TOTAL EXPENSES $125,158

Year-over-Year Comparison

2018 2017 Change
Revenue $2 $313,823 -1.0%
Expenses $125,158 $189,456 -0.3%
Net Income $-125,156 $124,367 -2.0%
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

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Governance

Voting Members
3
Independent Members
N/A
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
3
$1,902,382
Total Directors
3
$1,902,382
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD WELCH Treasurer 1.00
Officer Director
$0 $44,290 $715,415
ROBERT E DEWITT Secretary 1.00
Officer Director
$0 $45,505 $595,322
DAVID RUSSELL CEO 1.00
Officer Director
$0 $38,291 $591,645
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
2019 $2 $125,158 No data $-125,156
2018 $313,823 $189,456 $125,156 $124,367
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