Legacy Farmstead Inc

Nonprofit profile at a glance

EIN
844327659
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
San Antonio, TX, USA
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$102,918
Expenses
$101,185
Assets
$2,293
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • Amy Henderson (Founder Director)
  • John Henderson (Founder Chairman of the Board)
  • John Arroyo (Chaplain)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Impacting the lives and legacies of military veterans first responders along with their families who are battling post-traumatic and chronic stress from repeat exposure to trauma through rescue horses other animals and farmsteading in a retreat-like setting.

What it reported doing in 2024

God uniquely designed horses to play a profound role in human healing. For individuals battling post-traumatic and chronic stress the daily emotional struggle can often lead to damaging coping mechanisms such as substance abuse. However equine-assisted learning has been proven to provide emotional stability and open pathways to healing through Jesus Christ that traditional therapy methods often cannot achieve. Interacting with horses reduces stress aids in long-term mental health recovery and fosters emotional breakthroughs. Through general horsemanship and groundwork exercises individuals build trust develop comfort and establish meaningful connections. Activities like caring for feeding and grooming horses have been shown to lower stress levels reduce blood pressure and improve overall well-being. Scientific studies have even documented that simply being in the presence of horses can alter human brainwave patterns promoting calm and focus. Horses with their gentle strength and innate ability to mirror human emotions create a safe and non-judgmental environment where people can truly begin to heal. As Winston Churchill once said Theres something about the outside of a horse that is good for the inside of a man. At Legacy Farmstead weve witnessed this truth firsthand as horses help Veterans First Responders and their families find hope healing and a path toward restoration.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 26
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 39
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 29.1%; rating input score 29
  • Program expense ratio: 29.6%; rating input score 30
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.7%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -103.1% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: -59.9% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -85.2% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 29.1% of revenue deployed · 29.6% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $30K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 29/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 30/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Growth: Asset growth scored 0/100.