FIRST TROOP PHILADELPHIA CITY CAVALRY (EIN 236003169) - 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

1863

Legal Domicile

Principal Officer

Michael Easterly

Phone

2155641488

Tax Period

2023-01-01 to 2023-12-31

FIRST TROOP PHILADELPHIA CITY CAVALRY, founded in 1863, is a small nonprofit that reported $455K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $770K exceeded revenue, resulting in a 69% operating deficit.

Mission

Organization's Mission or Most Significant Activities: THE ORGANIZATION IS AN INDEPENDANT ACTIVE PART OF THE PENNSYLVANIA NATIONAL GUARD. ITS ACTIVITIES ARE ASSOCIATED WITH THAT & THE CONTINUATION, COMMEMORATION & PERPETUATION OF THE HISTORY & TRADITIONS OF THE MOUNTED CAVALRY IN THE US ARMY.

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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 $176,173

Program Service Revenue $244,935

Investment Income $414

Other Revenue $33,405

TOTAL REVENUE $454,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,617

Fundraising Expenses $0

Program Expenses $572,649

Other Expenses $620,634

TOTAL EXPENSES $769,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$454,927	$241,327	+0.9%
Expenses	$769,950	$505,630	+0.5%
Net Income	$-315,023	$-264,303	+0.2%

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

Employees

Volunteers

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
Matthew Giannotti	Vice President	15	Officer	$0	$0	$0
Ethan Peale	Secretary	20	Officer	$0	$0	$0
Karrl Hirt	Vice President	15	Officer	$0	$0	$0
Carl Wurzer	Treasurer	15	Officer	$0	$0	$0
Alex Morris	Vice President	15	Officer	$0	$0	$0
Michael Easterly	President	20	Officer	$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	$454,927	$769,950	$5,545,676	$-315,023
2021	$170,267	$261,308	$4,484,859	$-91,041
2020	$283,541	$685,048	$5,387,728	$-401,507

FIRST TROOP PHILADELPHIA CITY CAVALRY