LEGACY PREP SCHOOL INC (EIN 991917229) - 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

2024

Legal Domicile

Principal Officer

ANDREW ARTHUR

Phone

3142180522

Tax Period

2025-01-01 to 2025-06-30

LEGACY PREP SCHOOL INC, founded in 2024, is a small nonprofit in the Education sector that reported $144K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring.

Mission

LEGACY PREP DESIRES TO SERVE AS A BEACON OF LIGHT, GUIDING STUDENTS ON A JOURNEY OF DISCOVERY AND FAITH. WE ENVISION A COMMUNITY WHERE EVERY CHILD IS CHERISHED, WHERE THE LOVE OF LEARNING IS CULTIVATED, AND WHERE THE PRESENCE OF GOD INFUSES EVERY ASPECT OF OUR EDUCATIONAL ENDEAVORS. AT LEGACY PREP, WE STRIVE TO EQUIP OUR STUDENTS WITH THE TOOLS THEY NEED TO BECOME COMPASSIONATE, CURIOUS, AND CAPABLE CHRISTIANS WHO WILL LEAVE A LASTING LEGACY OF LOVE AND SERVICE IN THE WORLD.

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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 $22,000

Program Service Revenue $121,092

Investment Income $1,394

Other Revenue $-354

TOTAL REVENUE $144,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,520

Fundraising Expenses $0

Program Expenses $114,052

Other Expenses $21,230

TOTAL EXPENSES $155,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,132	$293,516	-0.5%
Expenses	$155,750	$142,673	+0.1%
Net Income	$-11,618	$150,843	-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

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
AARON ARMSTRONG	FACILITY REP	2.00	Officer Director	$0	$0	$0
ANDREW ARTHUR	PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIN ENGELMEYER	MEMBER	2.00	Director	$0	$0	$0
JODIE HUFF	TREASURER	15.00	Officer Director	$0	$0	$0
MAELYNN JONES-HESSEE	SECRETARY	15.00	Officer Director	$0	$0	$0
KELLY MCCRACKEN	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
HOLLI MUMENT	MEMBER	15.00	Director	$0	$0	$0
MIKE WOODY	MEMBER	2.00	Director	$0	$0	$0
WILL WORSHAM	FORMER PRESI	2.00	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	$144,132	$155,750	$144,612	$-11,618
2024	No data	No data	No data	No data

LEGACY PREP SCHOOL INC