Cadet Character & Leadership Foundation (EIN 810703923) - 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

2015

Legal Domicile

Principal Officer

Daniel Gwaltney

Phone

7144903305

Tax Period

2023-01-01 to 2023-12-31

Cadet Character & Leadership Foundation, founded in 2015, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 4704% from the prior year, signaling strong growth momentum. The organization ran a surplus of $460K, a strong 35% operating margin.

Mission

Focused on the potential of Americas youth, the Cadet Character and Leadership Foundation is designed to seek out young lives with leadership drive, who may be financially under-resourced and help them achieve their full potential.

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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 $1,315,773

Program Service Revenue $0

Investment Income $2,811

Other Revenue $0

TOTAL REVENUE $1,318,584

Expense Breakdown

Grants Paid $854,399

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $854,399

Other Expenses $4,006

TOTAL EXPENSES $858,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,318,584	$27,450	+47.0%
Expenses	$858,405	$106,207	+7.1%
Net Income	$460,179	$-78,757	-6.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Gwaltney	Treasurer	2.00	Officer Director	$0	$0	$0
Michael Kathriner	President	2.00	Officer Director	$0	$0	$0
Ian Fusselman	Director	1.00	Director	$0	$0	$0
Wayne Brown	Director	1.00	Director	$0	$0	$0
Grace Edinboro	Director	1.00	Director	$0	$0	$0
Jonathan Khattar	Director	1.00	Director	$0	$0	$0
James Welliver	Director	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	$1,318,584	$858,405	$714,043	$460,179
2022	$27,450	$106,207	$253,864	$-78,757
2021	$591,217	$347,894	$337,613	$243,323
2020	$352,938	$337,174	$91,050	$15,764

Cadet Character & Leadership Foundation