CHARLESTON, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE CITADEL FOUNDATION, founded in 1961, is a mid-sized nonprofit in the Education sector that reported $33.6M in total revenue in fiscal year 2023. Net assets of $286.7M represent 103 months of operating reserves.
THE PURPOSE OF THE CITADEL FOUNDATION SHALL BE EXCLUSIVELY TO SUPPORT THE MISSION OF THE CITADEL BY RAISING, RECEIVING, STEWARDING, GRANTING, INVESTING, AND REINVESTING MONEY AND PROPERTY, AND USING THE RECEIPTS THEREFROM FOR THE BENEFIT OF THE CITADEL.
ACADEMIC SUPPORT: UNRESTRICTED GIFTS TO THE CITADEL ARE AN ESSENTIAL COMPONENT IN MAINTAINING THE COLLEGE'S ACADEMIC EXCELLENCE AND FISCAL STABILITY. UNRESTRICTED GIFTS HAVE AN IMMEDIATE AND ENDURING...
ACADEMIC SUPPORT: UNRESTRICTED GIFTS TO THE CITADEL ARE AN ESSENTIAL COMPONENT IN MAINTAINING THE COLLEGE'S ACADEMIC EXCELLENCE AND FISCAL STABILITY. UNRESTRICTED GIFTS HAVE AN IMMEDIATE AND ENDURING IMPACT ON CAMPUS PRIORITIES AND THE MOST URGENT NEEDS, PROVIDING THE FLEXIBILITY TO SUPPORT THE COLLEGE'S MOST CRITICAL OBJECTIVES. UNRESTRICTED GIFTS ENABLE THE CITADEL TO:1. ENHANCE THE CLASSROOM EXPERIENCE AND LIBRARY RESOURCES 2. SUPPORT CADET RESEARCH AND TRAVEL INITIATIVES 3. PROVIDE SCHOLARSHIPS AND FINANCIAL AID RESOURCES 4. ENGAGE AND RETAIN THE MOST TALENTED FACULTY AND STAFF 5. EXPAND LEADERSHIP AND CHARACTER DEVELOPMENT OPPORTUNITIES 6. KEEP PACE WITH CUTTING-EDGE TECHNOLOGY ADVANCESANNUAL GIFTS ALSO INCREASE DONOR PARTICIPATION RATES, WHICH ARE OFTEN INFLUENTIAL FACTORS IN NATIONWIDE COLLEGE RANKINGS AND FUNDING DECISIONS BY POTENTIAL CORPORATE AND FOUNDATION GRANT MAKERS. SUCH ADDITIONAL REVENUE SOURCES ARE ESSENTIAL TO OFFSET TUITION INCREASES AND SUPPLEMENT STATE SUPPORT. UNRESTRICTED GIFTS TO THE CITADEL CONTINUE THE COLLEGE'S LONGSTANDING TRADITION OF PROVIDING CADETS AND GRADUATE STUDENTS WITH AN EXCEPTIONAL EDUCATION IN A DISCIPLINED ENVIRONMENT, DEEP BONDS AND LASTING FRIENDSHIPS, AND ABOVE ALL, THE ABILITY AND CONFIDENCE TO FACE WHATEVER CHALLENGES COME THEIR WAY.
SCHOLARSHIPS: SCHOLARSHIPS ALLOW THE CITADEL TO ATTRACT AND RETAIN PROMISING CADETS AND STUDENTS. APPROXIMATELY 56% OF THE CITADEL'S 2,300-MEMBER CORPS OF CADETS RECEIVE INSTITUTIONALLY PROVIDED...
SCHOLARSHIPS: SCHOLARSHIPS ALLOW THE CITADEL TO ATTRACT AND RETAIN PROMISING CADETS AND STUDENTS. APPROXIMATELY 56% OF THE CITADEL'S 2,300-MEMBER CORPS OF CADETS RECEIVE INSTITUTIONALLY PROVIDED, DONOR-FUNDED SCHOLARSHIP SUPPORT. THE CITADEL'S OFFICE OF FINANCIAL AID AND SCHOLARSHIPS AWARDS APPROXIMATELY $16 MILLION IN SCHOLARSHIPS FROM ENDOWMENTS HELD AT THE CITADEL'S AFFILIATED FOUNDATIONS, INCLUDING NEARLY $12 MILLION IN ACADEMIC MERIT- AND NEED-BASED AWARDS. SCHOLARSHIP AWARDS RANGE FROM FULL-TUITION, MERIT-BASED AWARDS TO NEED-BASED FINANCIAL AWARDS THAT SUPPORT DEDICATED CADETS WHO SIMPLY NEED HELP TO COMPLETE THEIR CITADEL EDUCATION. MOST SCHOLARSHIPS AWARDED BY THE CITADEL ARE RENEWABLE FROM ONE YEAR TO THE NEXT, PROVIDING THAT THE CADET RECIPIENT REMAINS IN GOOD STANDING AND CONTINUES TO MEET THE ELIGIBILITY CRITERIA FOR THE AWARD. THANKS TO THE GENEROSITY OF ALUMNI AND FRIENDS OF THE COLLEGE, NEARLY THREE-QUARTERS OF THE CORPS OF CADETS RECEIVES SOME DEGREE OF FINANCIAL ASSISTANCE TOWARD EARNING THEIR CITADEL DEGREE.
ENRICHMENT PROGRAMS: THE CITADEL HAS ESTABLISHED A VARIETY OF PROGRAMS TO SUPPORT THE COLLEGE'S MISSION TO EDUCATE AND PREPARE GRADUATES TO BECOME PRINCIPLED LEADERS IN ALL WALKS OF LIFE BY...
ENRICHMENT PROGRAMS: THE CITADEL HAS ESTABLISHED A VARIETY OF PROGRAMS TO SUPPORT THE COLLEGE'S MISSION TO EDUCATE AND PREPARE GRADUATES TO BECOME PRINCIPLED LEADERS IN ALL WALKS OF LIFE BY INSTILLING THE CORE VALUES OF THE CITADEL IN A CHALLENGING INTELLECTUAL ENVIRONMENT. THESE PROGRAMS ENHANCE THE COLLEGE'S ACADEMIC STANDING BY ENABLING CADETS AND CITADEL GRADUATE COLLEGE STUDENTS TO PARTICIPATE IN EXTERNAL LEADERSHIP OPPORTUNITIES AND CONFERENCES, AND BY HELPING TO PROMOTE THE CITADEL THROUGH ASSOCIATIONS WITH PEER INSTITUTIONS FOCUSED ON LEADERSHIP DEVELOPMENT. EXAMPLES OF PROGRAM INITIATIVES INCLUDE: 1. THE NEWLY ESTABLISHED KRAUSE SCHOOL FOR LEADERSHIP AND ETHICS, COMBINING THE EXISTING KRAUSE CENTER AND THE DEPARTMENT OF LEADERSHIP STUDIES TO FORM THE COLLEGE'S SIXTH ACADEMIC SCHOOL 2. CYBERCORPS SCHOLARSHIP FOR SERVICE PROGRAM3. FACILITY ENHANCEMENTS, INCLUDING THE DESIGN OF A NEW SCHOOL OF ENGINEERING BUILDING, RENOVATIONS TO CLASSROOM AND LABORATORY SPACES IN BYRD AND DUCKET HALLS, RAISING FUNDS TO REBUILD THE EAST SIDE STANDS AT JOHNSON HAGOOD STADIUM, AND RENOVATING THE BASEBALL CLUBHOUSE AND LOCKER ROOMS AT JOE RILEY PARK.4. EMERGING TOPICS IN INTELLIGENCE AND SECURITY STUDIES LECTURE SERIES5. FACULTY AND STUDENT PANELS EXPLORING THE MERITS, OPPORTUNITIES, AND CHALLENGES OF INCORPORATING ARTIFICIAL INTELLIGENCE INTO CLASSROOM AND CAMPUS ACTIVITIES
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $33,560,971 | $31,638,526 | +0.1% |
| Expenses | $34,547,669 | $24,586,077 | +0.4% |
| Net Income | $-986,698 | $7,052,449 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAY P DOWD III | PRESIDENT AND CEO | 40.00 |
Officer
|
$505,694 | $80,860 | $586,554 |
| SHANNON N MEASE | COO/CFO | 40.00 |
Officer
|
$329,400 | $70,030 | $399,430 |
| JONATHAN KRESKEN | VP LEGACY, ANNUAL & REUNION GIVING | 40.00 |
Highest
|
$251,388 | $47,779 | $299,167 |
| GAYLORD W GREEN | VP ATHLETIC DEVELOPMENT | 40.00 |
Highest
|
$218,393 | $31,737 | $250,130 |
| ASHLEY SANTOS | ASSOC. VP, PRINCIPAL GIVING | 40.00 |
Highest
|
$161,675 | $63,276 | $224,951 |
| JODI R COLLINS | CONTROLLER | 40.00 |
Highest
|
$169,907 | $50,387 | $220,294 |
| ROBERT A STEPHENSON | ASSOC. VP FOR MAJOR GIFTS | 40.00 |
Highest
|
$149,863 | $61,424 | $211,287 |
| MR JAMES S WIGFALL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR CLAUDIUS E WATTS IV | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR J TODD WATKINS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR CHRISTOPHER C SULLIVAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LTG W MICHAEL STEELE USA RET | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR JAMES W REED | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR NORMAN A POOLE JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COL ALVIN A PERKINS USA RET | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR J BRICE O'BRIEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GEN GLENN M WALTERS USMC RET | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR L WILLIAM KRAUSE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR JAMES A KING II | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MS M RUSSELL HOLLIDAY JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR ROBERT R HILL JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COL THOMAS L HENDRICKSUSAFRET | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COL F G DELLENEY JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR STEPHEN L DAVIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR RAFAEL R COSTAS JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR LOUIS E COSTA II | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR CHARLES B COE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MRS MARINA DANIEL BUESCHER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR TOMMY B BAKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR DAVID D AUGHTRY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR JOHN P MCALEER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LT COL WILLIAM R CULBREATH JR USA | USAFR, BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR J RICHARD SANDERS JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COL DYLAN W GOFF | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR W HENRY JOHNSON | CHAIR GRANTS COMMITTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MR JOSEPH J KEENAN | CHAIR NOMINATIONS & REAL ESTATE COMMITTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MR LUTHER C KISSAM IV | CHAIR DEVELOPMENT/CAMPAIGN COMMITTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MR CHARLES B LAWLESS | CHAIR INVESTMENT COMMITTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MR A FOSTER MCKISSICK III | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR ANDERSON D WARLICK | EMERITUS | 1.00 |
Director
|
$0 | $0 | $0 |
| DR CHRISTOPHER C SWAIN | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MR DANIEL S MCQUEENEY | TREASURER/SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MR JAMES J ETHRIDGE JR | VICE CHAIRMAN, CHAIR AUDIT COMMITTEE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $33,560,971 | $34,547,669 | $315,085,710 | $-986,698 |
| 2022 | $31,638,526 | $24,586,077 | $306,832,269 | $7,052,449 |
| 2021 | $48,215,262 | $20,656,456 | $326,373,655 | $27,558,806 |
| 2020 | $33,142,799 | $24,268,808 | $275,725,804 | $8,873,991 |
| 2019 | $24,353,306 | $26,896,499 | $245,548,820 | $-2,543,193 |
| 2018 | $20,123,772 | $23,982,826 | $235,963,960 | $-3,859,054 |
| 2017 | $52,180,742 | $21,025,884 | $242,217,550 | $31,154,858 |
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