VIGILANT TORCH ASSOCIATION (EIN 300579038) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

Michael K Nagata

Phone

7032325019

Tax Period

2023-01-01 to 2023-12-31

VIGILANT TORCH ASSOCIATION, founded in 2009, is a small nonprofit that reported $299K in total revenue in fiscal year 2022. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $216K, a strong 72% operating margin.

Mission

We provide support to active and former members of our select Special Operations community who may or may not be fully served by other military support organizations. To do this, we provide community building, mental health support, emergency relief funds, family maintenance and resilience assistance.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $280,781

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $280,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,450

Fundraising Expenses $9,646

Program Expenses $216,966

Other Expenses $197,369

TOTAL EXPENSES $228,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,781	$298,591	-0.1%
Expenses	$228,465	$82,716	+1.8%
Net Income	$52,316	$215,875	-0.8%

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

$21,450

Total Directors

$21,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Gellman	Executive Director	2	Officer Director	$21,450	$0	$21,450
Michael K Nagata	Chairman	2	Officer Director	$0	$0	$0
Dave Paul	Vice Chairman	2	Officer Director	$0	$0	$0
Vicki Grane	Treasurer	2	Officer Director	$0	$0	$0
Mike Buggs	Director	2	Director	$0	$0	$0
John Campagna	Director	2	Director	$0	$0	$0
Christie Blake	Director	2	Director	$0	$0	$0
Tom Sullivan	Director	2	Director	$0	$0	$0
Charlie Cleveland	Director	2	Director	$0	$0	$0
Charlie Hamilton	Direcotr	2	Director	$0	$0	$0
Tyrone Harvey	Director	2	Director	$0	$0	$0
Joe Weirsky	Director	2	Director	$0	$0	$0
Jennifer Vydareny	Secretary	2	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	$280,781	$228,465	$592,697	$52,316
2022	$298,591	$82,716	$637,392	$215,875

VIGILANT TORCH ASSOCIATION