WARRIORS & QUIET WATERS FOUNDATION… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

BRIAN GILMAN

Phone

4065859793

Tax Period

2024-01-01 to 2024-12-31

WARRIORS & QUIET WATERS FOUNDATION INC, founded in 2007, is a mid-sized nonprofit in the Health Care sector that reported $10.4M in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.5M, a strong 53% operating margin.

Mission

WQW empowers post-9/11 combat veterans and their loved ones to thrive and live purpose-driven lives through peak experiences in nature and evidence-based programs that foster growth, discovery, connection, and community.

Program Service Accomplishments

Program 1

Expenses: $3,488,630

COMPLETELY FREE TO PARTICIPANTS, THE ORGANIZATION'S FLAGSHIP PROGRAM BUILT FOR MORE EMERGES THE POWER OF OUTDOOR PURSUITS, THE SUPPORT OF COMRADES, AND THE EXPERTISE OF A PROPRIETARY PERSONAL GROWTH PROCESS TO GUIDE POST-9/11 COMBAT VETERANS TO THEIR OWN DEFINITION OF THRIVING. OVER TWO TRANSFORMATIVE OUTDOOR EXCURSIONS AND MANY MONTHS IN EVIDENCE-BASED ONLINE COURSEWORK, VETERANS BUILD A THRIVING LIFE OF THEIR OWN DESIGN FROM THE GROUND UP. UPLIFTED BY THEIR COHORT AND LED BY EXPERT INPUT, THEY SYSTEMATICALLY DISMANTLE THE THINGS HODLING THEM BACK AND DEVELOP NEW STRENGTHS TO MOVE THEMSELVES FORWARD. BUILT FOR MORE RESULTS SHOW THAT WARRIORS: SENSE OF PURPOSE DOUBLED. SENSE OF THRIVING QUADRUPLED. RESILIENCE AGAINST STRESS QUADRUPLED. ABILITY TO CONFIDENTLY DEAL WITH CHALLENGES TRIPLED. ABILITY TO CONSISTENTLY SLEEP TRIPLED. ABILITY TO PURSUE MEANING AND PURPOSE DOUBLED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,098,850

Program Service Revenue $0

Investment Income $1,324,828

Other Revenue $-61,683

TOTAL REVENUE $10,361,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,149,942

Fundraising Expenses $969,209

Program Expenses $3,488,630

Other Expenses $2,674,011

TOTAL EXPENSES $4,823,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,361,995	$4,556,103	+1.3%
Expenses	$4,823,953	$3,849,677	+0.3%
Net Income	$5,538,042	$706,426	+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

Volunteers

267

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

$435,627

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN GILMAN	CEO	50.00	Officer	$202,373	$8,996	$211,369
MIKE POWELL	COO	40.00	Officer	$125,020	$8,803	$133,823
MICHAEL RAYBON	CHIEF PRGM OFFICER	40.00		$124,862	$8,812	$133,674
EMILY SATHER	CHIEF DEV OFFICER	40.00		$101,702	$11,759	$113,461
ADAM REMILLARD	Finance Dir	30.00	Officer	$80,368	$10,067	$90,435
SANDRA STASH	CHAIR	3.00	Officer Director	$0	$0	$0
MARK SCHWARTZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AARON DEMRO	Secretary	1.00	Officer Director	$0	$0	$0
ROB FOX	Treasurer	1.00	Officer Director	$0	$0	$0
PHIL UIHLEIN	Past Chair	1.00	Officer Director	$0	$0	$0
TIM RICHMOND	Director	1.00	Director	$0	$0	$0
ED BRANDT	Director	1.00	Director	$0	$0	$0
TOM STIFFLER	Director	1.00	Director	$0	$0	$0
PETER NALEN	Director	1.00	Director	$0	$0	$0
JAMES CONWAY	Director	1.00	Director	$0	$0	$0
JIM MCCRAY	Director	1.00	Director	$0	$0	$0
KATH WILLIAMS	Director	1.00	Director	$0	$0	$0
DIANE BRISTOL	Director	1.00	Director	$0	$0	$0
MIKE MACLEOD	Director	1.00	Director	$0	$0	$0
MARK MUMMERT	Director	1.00	Director	$0	$0	$0
BOB KING	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	$10,361,995	$4,823,953	$28,798,647	$5,538,042
2023	$4,556,103	$3,849,677	$23,896,502	$706,426
2022	$3,554,879	$3,624,205	$20,931,822	$-69,326
2021	$3,695,132	$2,576,720	$23,644,038	$1,118,412
2020	$5,371,879	$1,602,823	$22,068,312	$3,769,056
2019	$3,671,812	$1,838,317	$17,735,180	$1,833,495
2018	$4,025,996	$1,556,273	$14,829,598	$2,469,723

WARRIORS & QUIET WATERS FOUNDATION INC