THE CITADEL BRIGADIER FOUNDATION (EIN 576028468) - 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

1957

Legal Domicile

Principal Officer

MR RUSSELL FRIERSON

Phone

8439536796

Tax Period

2023-01-01 to 2023-12-31

THE CITADEL BRIGADIER FOUNDATION, founded in 1957, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 31% operating margin.

Mission

THE ORGANIZATION IS CREATED FOR THE SOLE PURPOSES OF RAISING FUNDS TO BE USED FOR ATHLETIC FACILITIES, ATHLETIC PROGRAMS, NEEDS OF THE CITADEL ATHLETIC DEPARTMENT, AND TO PROVIDE SCHOLARSHIPS FOR STUDENT-ATHLETES.

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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 $3,564,268

Program Service Revenue $0

Investment Income $923,041

Other Revenue $-20,874

TOTAL REVENUE $4,466,435

Expense Breakdown

Grants Paid $2,051,786

Salaries & Benefits $457,202

Fundraising Expenses $371,922

Program Expenses $2,252,510

Other Expenses $565,166

TOTAL EXPENSES $3,074,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,466,435	$3,245,286	+0.4%
Expenses	$3,074,154	$3,171,653	0.0%
Net Income	$1,392,281	$73,633	+17.9%

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

Independent Members

Employees

Volunteers

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

$162,387

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR K WAYNE WICKER	BOARD MEMBER	3.00	Director	$0	$0	$0
AUGUSTINE GUS OLALERE	BOARD MEMBER	1.00	Director	$0	$0	$0
MR RUSSELL FRIERSON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$18,298	$162,387
MR DANIEL B CROSBY	BOARD MEMBER - BEG JULY 2023	1.00	Director	$0	$0	$0
MR THOMAS R YOUNG IV	BOARD MEMBER	1.00	Director	$0	$0	$0
MR TRAVIS R STEPHENS	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE LEE	SENIOR DIRECTOR, TCBF	40.00	Highest	$0	$27,822	$132,034
MR J TAYLOR POWELL	BOARD MEMBER - THRU JULY 2023	1.00	Director	$0	$0	$0
MR F RITCHIE MCQUEENEY	BOARD MEMBER - THRU JULY 2023	1.00	Director	$0	$0	$0
MR JAMES H JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MS LAUREN FLEMING-MELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MR JACK R CUNNINGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MR MICHAEL R ARMSTRONG	BOARD MEMBER	1.00	Director	$0	$0	$0
MS KATHLEEN D CARTLAND	BOARD MEMBER - BEG JULY 2023	1.00	Director	$0	$0	$0
MR MATTHEW V ROUGHGARDEN	BOARD MEMBER - THRU JULY 2023	1.00	Director	$0	$0	$0
MR JAMES L DAY	BOARD MEMBER	1.00	Director	$0	$0	$0
COL JULIAN G FRASIER III	BOARD MEMBER	3.00	Director	$0	$0	$0
COL JOHN A OLSHEFSKI	PAST PRESIDENT - THRU JULY 2023	3.00	Officer Director	$0	$0	$0
MR J RICHARD SANDERS JR	PRESIDENT ELECT	3.00	Officer Director	$0	$0	$0
LT COL WILLIAM R CULBREATH JR	PRESIDENT	3.00	Officer Director	$0	$0	$0
MR R SCOTT MCKENZIE JR	TREASURER	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$4,466,435	$3,074,154	$33,416,454	$1,392,281
2022	$3,245,286	$3,171,653	$29,355,773	$73,633
2021	$6,222,591	$2,904,286	$32,903,960	$3,318,305
2020	$4,377,535	$3,689,613	$28,530,394	$687,922
2019	$4,193,066	$3,313,301	$25,553,772	$879,765
2018	$5,038,897	$2,110,193	$21,882,587	$2,928,704

THE CITADEL BRIGADIER FOUNDATION