THE RAKKASAN 187TH ARCT ASSOC INC (EIN 222402846) - 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

1981

Legal Domicile

Principal Officer

JAMES SULLIVAN

Phone

2704665059

Tax Period

2023-01-01 to 2023-12-31

THE RAKKASAN 187TH ARCT ASSOC INC, founded in 1981, is a small nonprofit that reported $103K in total revenue in fiscal year 2023. Revenue surged 394% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 68% operating margin.

Mission

PERPETUATE THE HISTORY OF THE 187TH INFANTRY. PUBLISHES THE SHIMBUN MAGAZINE QUARTERLY TO COMMUNICATE WITH ITS MEMBERS ASSISTS ACTIVE DUTY SOLDIERS AND FAMILIES PROMOTE FRATERNITY, COMRADESHIP, AND ESPIRIT DE CORP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $96,102

Program Service Revenue $0

Investment Income $7,125

Other Revenue $0

TOTAL REVENUE $103,227

Expense Breakdown

Grants Paid $2,750

Salaries & Benefits $0

Fundraising Expenses $6,000

Program Expenses $13,640

Other Expenses $30,744

TOTAL EXPENSES $33,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,227	$20,907	+3.9%
Expenses	$33,494	$30,527	+0.1%
Net Income	$69,733	$-9,620	-8.2%

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
FRANK PETERSON	VICE PRESIDENT	010.00	Officer Director	$0	$0	$0
JAMES R SULLIVAN CPA	TREASURER	010.00	Officer Director	$0	$0	$0
BEAU BRUMFIELD	DIRECTOR	005.00	Director	$0	$0	$0
IRVING WEINSOFF	DIRECTOR	005.00	Director	$0	$0	$0
MIKE SMITH	DIRECTOR	005.00	Director	$0	$0	$0
ERIC LIND	SECRETARY	005.00	Officer Director	$0	$0	$0
ROBERT HARKINS	PRESIDENT	010.00	Officer Director	$0	$0	$0
HUNTER EVERETT	DIRECTOR	005.00	Director	$0	$0	$0
HARVEY WATSON	DIRECTOR	005.00	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	No data	No data	No data	No data
2023	$103,227	$33,494	$496,608	$69,733
2022	$20,907	$30,527	$432,849	$-9,620
2021	$15,747	$13,369	$438,511	$2,378
2020	$13,043	$11,253	$440,091	$1,790
2019	$43,324	$14,779	$438,061	$28,545
2018	$17,156	$14,466	$407,791	$2,690

THE RAKKASAN 187TH ARCT ASSOC INC