Third Class Finance Committee C/o Assist Commandant Cadet Government

Nonprofit profile at a glance

EIN
541748166
IRS 990-EZ coverage
2010–2021
Forms available
Form 990-EZ 2021
Location
Lexington, VA, USA
Phone
5404647413
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$44,689
Expenses
$77,870
Assets
$66,415
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • DYLAN STOLTZFUS (PRESIDENT - CLASS OF 2021)
  • NOAH KIRK (PRESIDENT - CLASS OF 2022)
  • CAMERON CAVANAUGH (PRESIDENT - CLASS OF 2023)
  • COLE CATHCART (PRESIDENT - CLASS OF 2024)

People named in this filing

  • ERIC MOORE (ASST. COMMANDANT CADET GOV)
  • DYLAN STOLTZFUS (PRESIDENT - CLASS OF 2021)
  • NOAH KIRK (PRESIDENT - CLASS OF 2022)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To fund annual ring figure weekend.

What it reported doing in 2021

Each class at the Virginia military institute hosts a ring figure weekend during their junior year. Funds are obtained by class dues and the sales of t-shirts, dvds, bathrobes, ornaments, and lockboxes to members of the corps of cadets at vmi and their families. Royalties are received from the manufacturer of the vmi class rings purchased by members.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 82
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.6%; rating input score 76
  • Program expense ratio: 43.4%; rating input score 43

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -74.2%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.85; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -39.9% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: -5.5% per year; rating input score 0; 41st percentile among comparable filings
  • Asset growth: -4.4% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 75.6% of revenue deployed · 43.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $34K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 11 filing years from 2010 to 2021
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Program expense ratio scored 43/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.