CHOCTAW AREA COUNCIL NO 302 BOY SCOUTS OF AMERICA INC (EIN 640324398) - 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

1923

Legal Domicile

Principal Officer

JAMES HULGAN

Phone

6016936757

Tax Period

2023-01-01 to 2023-12-31

CHOCTAW AREA COUNCIL NO 302 BOY SCOUTS OF AMERICA INC, founded in 1923, is a small nonprofit that reported $627K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $693K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE PROGRAMS AND TRAINING THAT ENCOURAGE THE DEVELOPMENT OF GOOD CHARACTER, SELF RELIANCE, AND SERVICE TO OTHERS.

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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 $529,970

Program Service Revenue $79,350

Investment Income $7,780

Other Revenue $9,574

TOTAL REVENUE $626,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $340,051

Fundraising Expenses $87,867

Program Expenses $523,842

Other Expenses $353,061

TOTAL EXPENSES $693,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$626,674	$766,994	-0.2%
Expenses	$693,112	$1,207,815	-0.4%
Net Income	$-66,438	$-440,821	-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

Volunteers

275

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

$104,947

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HULGAN	SCOUT EXECUT	40.00	Officer	$63,187	$13,886	$77,073
KEN KERCHEVAL	PREVIOUS EXE	40.00	Officer	$23,340	$4,534	$27,874
LEE THAGGARD	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN DAVID BARR	TREASURER	5.00	Officer Director	$0	$0	$0
JEFF MCCOY	VP OF FINANC	5.00	Officer Director	$0	$0	$0
DAVID HALL	VP OF PROPER	5.00	Officer Director	$0	$0	$0
NEIL HENRY	VP OF ADMINI	5.00	Officer Director	$0	$0	$0
SCOTT SILLS	VP OF MEMBER	5.00	Officer Director	$0	$0	$0
SARAH JOHNSON	VP OF TRAINI	5.00	Officer Director	$0	$0	$0
GARY WILKINSON	VP OF ENDOWM	5.00	Officer Director	$0	$0	$0
KEVIN HEDGPETH	VP OF SHOOTI	5.00	Officer Director	$0	$0	$0
CHRIS LAFFERTY	VP OF SAFETY	5.00	Officer Director	$0	$0	$0
DAVID STEPHENS	VP OF RISK M	5.00	Officer Director	$0	$0	$0
KEVIN HENDERSON	VP OF PROGRA	5.00	Officer Director	$0	$0	$0
BOB SAMPLE	CUB CAMPING	5.00	Officer Director	$0	$0	$0
FRANK POLIZZI	COUNCIL COMM	5.00	Officer Director	$0	$0	$0
ERIC JOHNSON II	BOARD MEMBER	1.00	Director	$0	$0	$0
TREY LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER MCCAUGHIN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL CARPENTER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN COVINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH EVANS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON PRATT	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MCGREVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WINKY GLOVER III	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURICE HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB COFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GERRY MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED PORTER	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$626,674	$693,112	$1,281,991	$-66,438
2022	$766,994	$1,207,815	$1,334,737	$-440,821
2021	$828,677	$877,770	$1,762,262	$-49,093
2020	$1,160,879	$673,900	$1,851,356	$486,979
2019	$695,613	$727,968	$1,370,885	$-32,355
2018	$701,934	$717,512	$1,384,793	$-15,578

CHOCTAW AREA COUNCIL NO 302 BOY SCOUTS OF AMERICA INC