WASHINGTON LIGHT INFANTRY OF CHARLESTON INC (EIN 570321186) - 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

1900

Legal Domicile

Principal Officer

COL John Powell

Phone

8437221807

Tax Period

2024-03-01 to 2025-02-28

WASHINGTON LIGHT INFANTRY OF CHARLESTON INC, founded in 1900, is a small nonprofit that reported $443K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $223K, a strong 50% operating margin.

Mission

The mission of the Washington Light Infantry is to preserve the history of the patriots of the US military services and State of SC

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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 (2024)

Revenue Breakdown

Contributions & Grants $48,375

Program Service Revenue $0

Investment Income $325,195

Other Revenue $69,722

TOTAL REVENUE $443,292

Expense Breakdown

Grants Paid $15,036

Salaries & Benefits $21,390

Fundraising Expenses $0

Program Expenses $197,633

Other Expenses $184,166

TOTAL EXPENSES $220,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,292	$2,976,477	-0.9%
Expenses	$220,592	$291,780	-0.2%
Net Income	$222,700	$2,684,697	-0.9%

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

207

Independent Members

N/A

Employees

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

$29,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COL CHARLES FOX	HISTORIAN	20.00	Director	$15,600	$0	$15,600
COL WOOD STRUTHERS	BOARD MEMBERARMORY MG	20.00	Director	$13,000	$0	$13,000
BG MARION VALENTINO	PAST TREASURER	0.00	Director	$0	$450	$450
COL JIMMY E NEEDHAM	ASST TREA	0.00	Director	$0	$350	$350
COL DALE THEILING	BOARD MEMBER	0.00	Officer Director	$0	$0	$0
LTCOL J W POWELL JR	COMMANDER	0.00	Officer Director	$0	$0	$0
COL ROBERT SPAFFORD	TREASURER	0.00	Officer Director	$0	$0	$0
COL CARL B BECKMAN JR	CHAIRMAN	0.00	Officer Director	$0	$0	$0
LTC RICK B ARCHAMBAULT	SECRETARY	0.00	Director	$0	$0	$0
COL B K JANTZEN JR	MEMBER EMERITUS	0.00	Director	$0	$0	$0
CPT J V BRANDT	BOARD MEMBER	0.00	Director	$0	$0	$0
CSM CHARLES RATLIFFE	BOARD MEMBER	0.00	Director	$0	$0	$0
LTC MARK MCGEE	EXEC OFFICER	0.00	Director	$0	$0	$0
LTCOL BEAU SCHUPP	BOARD MEMBER	0.00	Director	$0	$0	$0
CPT CHARLES HALL JR	BOARD MEMBER	0.00	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
2025	$443,292	$220,592	$6,291,991	$222,700
2024	$2,976,477	$291,780	$6,147,252	$2,684,697
2023	$394,886	$217,306	$3,463,969	$177,580
2022	$363,004	$165,442	$3,263,001	$197,562
2021	$224,609	$158,706	$3,066,813	$65,903
2020	$402,892	$154,986	$2,999,042	$247,906
2019	$369,688	$128,808	$2,751,545	$240,880

WASHINGTON LIGHT INFANTRY OF CHARLESTON INC