BURKHART FAMILY LEGACY CORP (EIN 934522560) - 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

2023

Legal Domicile

Principal Officer

JUSTIN BURKHART

Phone

9413457792

Tax Period

2024-01-01 to 2024-12-31

BURKHART FAMILY LEGACY CORP, founded in 2023, is a small nonprofit in the Human Services sector that reported $115K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $108K, a strong 94% operating margin.

Mission

PROVIDE SUPPORT FOR EDUCATION IN THE TRADE INDUSTRY, HUMANITARIAN CAUSES, LOCAL 4-H ORGANIZATIONS, AND FOSTERING HOMELESS ANIMALS.

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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 $100,000

Program Service Revenue $0

Investment Income $15,376

Other Revenue $0

TOTAL REVENUE $115,376

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,126

Other Expenses $5,626

TOTAL EXPENSES $7,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,376	$350,000	-0.7%
Expenses	$7,126	N/A	N/A
Net Income	$108,250	$350,000	-0.7%

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

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
GREGORY BURKHART	VICE PRESIDE	0.50	Officer	$0	$0	$0
JUSTIN BURKHART	PRESIDENT	1.25	Officer	$0	$0	$0
SHERIL BURKHART	DIRECTOR	1.00	Officer	$0	$0	$0
MIRIAM CARPENTER	SECRETARY	2.00	Officer	$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	$115,376	$7,126	$458,250	$108,250
2023	$350,000	No data	$350,000	No data

BURKHART FAMILY LEGACY CORP