THE CITADEL ALUMNI ASSOCIATION

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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

1979

Legal Domicile

Principal Officer

TOM MCALISTER

Phone

8438197494

Tax Period

2023-01-01 to 2023-12-31

THE CITADEL ALUMNI ASSOCIATION, founded in 1979, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $7.5M represent 45 months of operating reserves.

Mission

TO SUPPORT THE CITADEL, THE SOUTH CAROLINA CORPS OF CADETS, AND ALL ALUMNI BY PROVIDING A PRIVATE SELF-SUSTAINING NON-PROFIT ORGANIZATION AND TO PROMOTE THE IDEALS AND PURPOSE OF THE CITADEL.

Program Service Accomplishments

Program 1

Expenses: $850,000

TO SUPPORT SCHOLARSHIPS AT THE CITADEL.

Program 2

Expenses: $201,409

TO SUPPORT MEMBERSHIP SOLICITATION PROGRAMS AND INFORMATION TECHNOLOGY PROGRAMS.

Program 3

Expenses: $465,857

TO SHARE THE PUBLICATION OF THE CITADEL NEWS TO APPROXIMATELY 10,500 MEMBERS PUBLISHED THREE TIMES A YEAR.

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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 $207,733

Program Service Revenue $35,860

Investment Income $457,963

Other Revenue $1,273,283

TOTAL REVENUE $1,974,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,926

Fundraising Expenses $0

Program Expenses $1,517,266

Other Expenses $1,752,413

TOTAL EXPENSES $2,096,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,974,839	$1,640,037	+0.2%
Expenses	$2,096,339	$1,874,600	+0.1%
Net Income	$-121,500	$-234,563	-0.5%

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

200

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

$43,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M KEVIN WILLIAMS	TREASURER	5.00	Director	$0	$0	$0
NORM A POOLE JR	PRESIDENT	5.00	Director	$0	$0	$0
BILL STAFFORD	PRESIDENT ELECT	5.00	Director	$0	$0	$0
TOM MCALISTER	EXECUTIVE DIRECTOR	40.00	Officer	$43,500	$0	$43,500

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	$1,974,839	$2,096,339	$11,999,096	$-121,500
2022	$1,640,037	$1,874,600	$12,060,051	$-234,563
2021	$2,040,375	$1,550,719	$12,996,112	$489,656
2020	$1,838,482	$1,385,509	$11,392,693	$452,973
2019	$1,897,133	$1,216,539	$10,623,325	$680,594
2018	$1,619,885	$1,177,329	$10,126,886	$442,556