OLD WHITE CHARITIES INC (EIN 271569963) - 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

2009

Legal Domicile

Principal Officer

JILLEAN L JUSTICE

Phone

3045361110

Tax Period

2023-01-01 to 2023-12-31

Mission

OLD WHITE CHARITIES, INC. IS ORGANIZED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER CODE SECTION 501(C)(3). OLD WHITE CHARITIES, INC. INTENDS TO OPERATE "A MILITARY TRIBUTE AT THE GREENBRIER", A PROFESSIONAL GOLF TOURNAMENT AND DISTRIBUTE THE NET PROCEEDS TO ORGANIZATIONS THAT QUALIFY UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $711

Other Expenses $711

TOTAL EXPENSES $711

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$10,319,263	-1.0%
Expenses	$711	$98,518	-1.0%
Net Income	N/A	$10,220,745	N/A

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

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
JAMES C JUSTICE III	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CATHY L JUSTICE	DIRECTOR	N/A	Officer Director	$0	$0	$0
JILLEAN L JUSTICE	PRESIDENT, D	N/A	Officer Director	$0	$0	$0
STEVE BALL	SECRETARY	N/A	Officer	$0	$0	$0
ADAM LONG	TREASURER	N/A	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	No data	$711	$1	No data
2022	$10,319,263	$98,518	$712	$10,220,745
2021	$1,735	$11,579	$-6,728	$-9,844
2020	$203,239	$349,160	$-1,474	$-145,921
2019	$3,571,932	$6,068,743	$134,690	$-2,496,811
2018	$5,712,838	$7,975,712	$87,255	$-2,262,874

OLD WHITE CHARITIES INC