1979 LEGACY CORP (EIN 953451280) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

GLENN SANADA

Phone

2134733030

Tax Period

2024-07-01 to 2025-06-30

1979 LEGACY CORP, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $853K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $968K exceeded revenue, resulting in a 14% operating deficit.

Mission

ITS MISSION IS TO PROVIDE AND FACILITATE BICULTURAL AND BILINGUAL SOCIAL SERVICES, REFERRALS, LOW INCOME HOUSING AND COMMUNITY DEVELOPMENT, AND ADVOCACY, PRIMARILY TO THE BROADER SOUTHERN CALIFORNIA JAPANESE AMERICAN COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $821,555

Investment Income $0

Other Revenue $31,138

TOTAL REVENUE $852,693

Expense Breakdown

Grants Paid $770,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $946,354

Other Expenses $198,168

TOTAL EXPENSES $968,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$852,693	$656,786	+0.3%
Expenses	$968,168	$740,411	+0.3%
Net Income	$-115,475	$-83,625	+0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
AMY HONJIYO	PRESIDENT	0.50	Officer Director	$0	$0	$0
GLENN SANADA	SECRETARY	0.50	Officer Director	$0	$0	$0
RON HIRANO	TREASURER	0.50	Officer 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	$852,693	$968,168	$1,153,004	$-115,475
2024	$656,786	$740,411	$1,412,027	$-83,625
2023	$551,629	$640,840	$1,261,196	$-89,211
2022	$476,705	$565,464	$928,158	$-88,759
2021	$462,876	$640,608	$847,115	$-177,732
2020	$598,878	$785,681	$1,131,426	$-186,803
2019	$452,796	$538,358	$738,818	$-85,562
2018	$376,609	$702,800	$685,989	$-326,191

1979 LEGACY CORP