CASQUE AND GAUNTLET TRUST

EIN: 020306381

PETERBOROUGH, NH

Total Revenue
$1,866,190
Total Expenses
$2,387,380
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

Principal Officer
TRACY WALSH
Tax Period
2023-09-01 to 2024-08-31

CASQUE AND GAUNTLET TRUST is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 1374% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 28% operating deficit.

Mission

ORGANIZATION, IN SUPPORT OF A 501 (C) (3) COLLEGE.

Program Service Accomplishments

Program 1

DURING THIS FISCAL YEAR (AS HAS BEEN THE CASE SINCE 2020 WHEN THE COVID PANDEMIC FORCED A DRAMATIC CHANGE IN OUR ORGANIZATION), THE ORIGINAL MISSION-RELATED ACTIVITIES OF THE TRUST WERE NO LONGER...

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DURING THIS FISCAL YEAR (AS HAS BEEN THE CASE SINCE 2020 WHEN THE COVID PANDEMIC FORCED A DRAMATIC CHANGE IN OUR ORGANIZATION), THE ORIGINAL MISSION-RELATED ACTIVITIES OF THE TRUST WERE NO LONGER EITHER ACTIONABLE OR RELEVANT. HOWEVER, DURING THIS FISCAL YEAR, THE TRUST/TRUSTEES SUCCESSFULLY ACCOMPLISHED SEVERAL IMPORTANT THINGS INCLUDING: A) DETERMINING A PATH FORWARD CONSISTENT WITH THE TRUST'S MISSION AND CHARTER; B) SECURING RESOURCES TO EXECUTE ON THIS, INCLUDING BY SELLING OFF THE ASSETS/PROPERTY HELD BY THE TRUST (I.E. 1 S. MAIN ST, HANOVER, NH) TO DARTMOUTH COLLEGE AT AN APPRAISED FAIR MARKET VALUE AND IN A MANNER CONSISTENT WITH THE PROVISIONS OF ITS CHARTER; C) DONATING ALL OF ITS CASH INCLUDING THAT RECEIVED FROM THE SALE OF 1 S MAIN ST AND ALL RESIDUAL CASH FROM OPERATIONS TO DARTMOUTH COLLEGE IN SUPPORT OF A SPECIFIC NEW PROGRAM AT DARTMOUTH THAT CLOSELY MATCHED THE ORIGINAL MISSION OF THE TRUST AND IN A MANNER CONSISTENT WITH THE PROVISIONS OF ITS CHARTER; D) WITH SUPPORT FROM OUTSIDE COUNSEL (WHO ALSO ADVISED ON THE ABOVE ACTIONS) AND IN A MANNER CONSISTENT WITH THE PROVISIONS OF ITS CHARTER, EXECUTING A FINAL DISSOLUTION OF THE TRUST EFFECTIVE AUGUST 29 2024, GIVEN THAT, FOLLOWING THE DONATIONS TO DARTMOUTH, THE TRUST NO LONGER HAD RESIDUAL MISSION OR RESOURCES, AND ITS ORIGINAL MISSION HAD BEEN FULFILLED TO THE BEST OF THE TRUSTEES' ABILITY. NO TRUSTEE RECEIVED ANY FINANCIAL OR NON-FINANCIAL BENEFIT VIA THE ACTIONS TAKEN DURING THIS FINAL FISCAL YEAR (OR BEFORE THAT) IN ACCOMPLISHING THE ABOVE. NO TRUSTEE WAS EVER PAID OR RECEIVED NON-CASH REMUNERATION FOR THEIR TIME OR SERVICES ON BEHALF OF THE TRUST

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,819,417
Other Revenue $46,773
TOTAL REVENUE $1,866,190

Expense Breakdown

Grants Paid $2,260,041
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $127,339
TOTAL EXPENSES $2,387,380

Year-over-Year Comparison

2023 2022 Change
Revenue $1,866,190 $126,600 +13.7%
Expenses $2,387,380 $155,622 +14.3%
Net Income $-521,190 $-29,022 +17.0%
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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Governance

Voting Members
8
Independent Members
8
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
1
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY WALSH TREASURER 2.00
Officer
$0 $0 $0
EDWIN M KANIA TRUSTEE 2.00
Director
$0 $0 $0
JAMES W STEIN TRUSTEE 0.50
Director
$0 $0 $0
FREDERICK H STEPHENS JR TRUSTEE 0.25
Director
$0 $0 $0
DAVID M TILLINGHAST TRUSTEE 1.00
Director
$0 $0 $0
THOMAS J TOMAI TRUSTEE 2.00
Director
$0 $0 $0
JAMES WOOSTER TRUSTEE 0.50
Director
$0 $0 $0
SARAH E WORLEY TRUSTEE 0.50
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
2024 $1,866,190 $2,387,380 No data $-521,190
2023 $126,600 $155,622 $521,190 $-29,022
2022 $37,608 $47,887 $529,112 $-10,279
2021 $151,482 $99,389 $568,390 $52,093
2021 $65,260 $42,166 $539,391 $23,094
2020 $82,686 $160,438 $516,297 $-77,752
2019 $106,185 $192,087 $594,048 $-85,902
2018 $88,022 $131,240 $679,950 $-43,218
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