Sentinels of Freedom Scholarship Foundation

EIN: 208139201 501(c)(3) Education

San Ramon, CA

Total Revenue
$1,001,820
Total Expenses
$1,642,123
Total Assets
$4,615,879
Net Assets
$2,445,156
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CO
Principal Officer
Michael Conklin
Phone
9253806342
Tax Period
2023-01-01 to 2023-12-31

Sentinels of Freedom Scholarship Foundation, founded in 2007, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 64% operating deficit.

Mission

The Foundation formed for the purpose of assisting veterans who have suffered severe duty-related injuries resulting in permanent physical disability in their efforts to become productive, self-sufficient, integrated members of their community.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $757,968
Program Service Revenue $0
Investment Income $33,552
Other Revenue $210,300
TOTAL REVENUE $1,001,820

Expense Breakdown

Grants Paid $505,669
Salaries & Benefits $575,035
Fundraising Expenses $335,909
Program Expenses $966,581
Other Expenses $561,419
TOTAL EXPENSES $1,642,123

Year-over-Year Comparison

2023 2022 Change
Revenue $1,001,820 $848,063 +0.2%
Expenses $1,642,123 $2,079,548 -0.2%
Net Income $-640,303 $-1,231,485 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
10
Employees
7
Volunteers
25

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
4
$355,006
Total Directors
13
$355,006
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Conklin President & CEO 40.00
Officer Director
$153,039 $0 $153,039
Mike Sandy Secretary & CFO 40.00
Officer Director
$104,395 $333 $104,728
Samantha Chapman VP Programs 40.00
Officer Director
$92,946 $4,293 $97,239
Kent Strazza Treasurer 1.30
Officer Director
$0 $0 $0
Daniel Coleman Board Member 0.80
Director
$0 $0 $0
Peter Walsh Board Member 0.60
Director
$0 $0 $0
Chris Marzilli Board Member 0.60
Director
$0 $0 $0
Ronald Lowe Board Member 0.40
Director
$0 $0 $0
HT Tran Board Member 0.20
Director
$0 $0 $0
Mary King Board Member 0.20
Director
$0 $0 $0
Stacy Hadeka Board Member 0.20
Director
$0 $0 $0
David Halverson Board Member 0.20
Director
$0 $0 $0
Jason Church Board Member 0.20
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 $1,001,820 $1,642,123 $4,615,879 $-640,303
2022 $848,063 $2,079,548 $5,128,218 $-1,231,485
2021 $2,464,759 $2,154,338 $6,437,899 $310,421
2020 $1,562,600 $2,823,465 $3,936,279 $-1,260,865
2019 $2,572,059 $2,740,263 $5,299,747 $-168,204
2018 $2,959,829 $2,543,715 $5,362,849 $416,114
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