GREEN BERET FOUNDATION

EIN: 271206961 501(c)(3) Human Services

MONTGOMERY, TX

Total Revenue
$3,048,058
Total Expenses
$2,936,930
Total Assets
$4,840,854
Net Assets
$4,583,390
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
CHARLES IACONO
Phone
8442877133
Tax Period
2023-01-01 to 2023-12-31

GREEN BERET FOUNDATION, founded in 2010, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $2.9M left a modest 4% surplus.

Mission

PROVIDE FINANCIAL ASSISTANCE, SUPPORT, AND LIAISING FOR THE WOUNDED, ILL, INJURED AND THE FAMILY MEMBERS (INCLUDING KILLED IN ACTION) OF THE SPECIAL FORCES REGIMENT (GREEN BERETS) WHEN THE CARE SYSTEM DOES NOT COVER THE NEED DIRECTLY RELATED TO THE HEALTH AND WELFARE OF THAT SERVICE MEMBER OR THEIR FAMILY.

Program Service Accomplishments

Program 1
Expenses: $27,472

CASUALTY SUPPORT: CASUALTY SUPPORT IS PROVIDED IN TWO FORMS: C3 CHECK AND GORUCK GR1. AS A MATTER OF PRACTICE, THE GREEN BERET FOUNDATION ("GBF") IMMEDIATELY PROVIDES A $2,500 CHECK TO OFFSET...

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CASUALTY SUPPORT: CASUALTY SUPPORT IS PROVIDED IN TWO FORMS: C3 CHECK AND GORUCK GR1. AS A MATTER OF PRACTICE, THE GREEN BERET FOUNDATION ("GBF") IMMEDIATELY PROVIDES A $2,500 CHECK TO OFFSET HISTORICALLY PREDICTABLE AND UNPREDICTABLE EXPENSES AND A HIGHLY SPECIALIZED RUCKSACK PACKED WITH NON-TRIVIAL ESSENTIALS TO THOSE GREEN BERETS THAT HAVE BEEN MEDEVAC'D AWAY FROM THEIR PERMANENT DUTY STATION. THIS RUCKSACK IS A TOOL TO COMMUNICATE OUR INITIAL ENGAGEMENT WITH THE GREEN BERET AND THEIR FAMILY. WE ENGAGE IMMEDIATELY AND REMAIN ENGAGED WITH THAT FAMILY. AS CASUALTY IMPACTS NOT JUST THE SOLDIER, BUT ALSO THEIR ENTIRE FAMILY. GBF STEPS IN TO PROVIDE THE EXTRA SUPPORT GREEN BERETS AND THEIR FAMILIES NEED IMMEDIATELY AFTER BEING INJURED.

Program 2
Expenses: $750,338

HEALTH AND WELLNESS SUPPORT: WE PROVIDE THE STRENGTH OF LONG-TERM OR ONGOING SUPPORT FOR SPECIAL FORCES SOLDIERS AS THEY MANAGE INJURIES AND CONDITIONS THAT HAVE RESULTED FROM THEIR SERVICE. THE GOAL...

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HEALTH AND WELLNESS SUPPORT: WE PROVIDE THE STRENGTH OF LONG-TERM OR ONGOING SUPPORT FOR SPECIAL FORCES SOLDIERS AS THEY MANAGE INJURIES AND CONDITIONS THAT HAVE RESULTED FROM THEIR SERVICE. THE GOAL OF THIS PROGRAM IS TO ENSURE THAT THEIR MIND, BODY, AND SPIRIT ARE HEALTHY BY SUPPLEMENTING THE CARE THEY RECEIVE THROUGH THE MILITARY HEALTH SYSTEM AND THE VETERANS HEALTH ADMINISTRATION. THIS PROGRAM INCLUDES: FINANCIAL SUPPORT FOR ALTERNATIVE TREATMENTS AND THERAPIES NOT COVERED BY THE U.S. DEPARTMENT OF DEFENSE (DOD) AND THE DEPARTMENT OF VETERANS AFFAIRS (VA) INCLUDING MENTAL HEALTH, ADDICTION TREATMENT, OR HYPERBARIC OXYGEN THERAPY. FINANCIAL SUPPORT FOR ADAPTIVE MEDICAL EQUIPMENT SUCH AS SPECIALIZED WHEELCHAIRS, BRACES, STIMULATION MACHINES, PROSTHETICS, ADAPTIVE EQUIPMENT, COMPRESSION SYSTEMS FOR INJURIES, CHAIR LIFTS, CHEMOTHERAPY TREATMENTS, OR MEDICAL SUPPLIES NOT COVERED BY INSURANCE. TRAVEL AND LODGING COSTS FOR TREATMENTS, INCLUDING FOR FAMILY OR CAREGIVERS WHEN NEEDED. FINANCIAL SUPPORT FOR HOSPICE CARE AND SUBSTANCE ABUSE TREATMENTS.

Program 3
Expenses: $886,301

NEXT RIDGELINE SUPPORT: THE NEXT RIDGELINE IS A METAPHOR USED TO SYMBOLIZE A JOURNEY FROM ONE PEAK TO ANOTHER. IN MILITARY TERMS IT MEANS THE HARD OBJECTIVE - VISIBLE BUT REQUIRES TIME AND EFFORT TO...

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NEXT RIDGELINE SUPPORT: THE NEXT RIDGELINE IS A METAPHOR USED TO SYMBOLIZE A JOURNEY FROM ONE PEAK TO ANOTHER. IN MILITARY TERMS IT MEANS THE HARD OBJECTIVE - VISIBLE BUT REQUIRES TIME AND EFFORT TO GET TO THE NEXT RIDGELINE. THE NEXT RIDGELINE ENSURES THAT SPECIAL FORCES SOLDIERS AND THEIR FAMILIES ARE PREPARED TO TRANSITION FROM ACTIVE-DUTY SERVICE TO CIVILIAN LIFE AND HAVE A TRUSTED RESOURCE FOR NAVIGATING THE VA. THE GREEN BERET FOUNDATION'S NEXT RIDGELINE PROGRAM PROVIDES TRANSITIONING SPECIAL FORCES SOLDIERS DIRECTION AND ACCESS TO A COMPREHENSIVE UNDERSTANDING OF THE VETERANS AFFAIRS BENEFITS & DISABILITY CLAIMS PROCESS AND INTERNAL SYSTEMS TO ENSURE A FAIR AND THOROUGH EVALUATION OF VA CLAIMS. THE ACCURACY OF THESE CLAIMS CAN RESULT IN A QUANTIFIABLE INCREASE IN TAX-FREE COMPENSATION TO A SPECIAL FORCE SOLDIER'S ENTIRE HOUSEHOLD. THIS PROGRAM INCLUDES: VETERAN AFFAIRS ADVOCACY TO REVIEW CURRENT MILITARY/PERSONNEL SERVICE MEDICAL RECORDS OR POST-SERVICE VA. LOCATING ANY TREATMENT RECORDS OR ARCHIVED DOCUMENTS AS EVIDENCE TO SUBMIT WHEN FILING VA DISABILITY CLAIMS. ASSESS PREVIOUS SERVICE DOCUMENTATION OR RECORDS FOR A CONDITION OR AN INJURY THAT COULD HAVE POTENTIALLY LED TO A SERVICE-CONNECTION: THE IN-SERVICE INJURY OR DIAGNOSIS. ACCESS TO OUR REGIONAL ACCREDITED VETERANS SERVICES OFFICERS (VSO) TO FILE AN ORIGINAL OR UPDATED VA DISABILITY CLAIM. PRE-TRANSITION BRIEFINGS FOR SPECIAL FORCES SOLDIERS AND THEIR FAMILY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,885,717
Program Service Revenue $0
Investment Income $116,027
Other Revenue $46,314
TOTAL REVENUE $3,048,058

Expense Breakdown

Grants Paid $845,611
Salaries & Benefits $1,178,798
Fundraising Expenses $288,344
Program Expenses $2,324,812
Other Expenses $912,521
TOTAL EXPENSES $2,936,930

Year-over-Year Comparison

2023 2022 Change
Revenue $3,048,058 $3,547,450 -0.1%
Expenses $2,936,930 $3,526,122 -0.2%
Net Income $111,128 $21,328 +4.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
19
Volunteers
60

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
5
$274,013
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON MCCARTHY DIRECTOR 2.00
Director
$0 $0 $0
FRAN WESSELING DIRECTOR 5.00
Director
$0 $0 $0
KRISTA ANDERSON DIRECTOR (THRU 12/14/23) 2.00
Director
$0 $0 $0
MICHAEL WISE DIRECTOR 2.00
Director
$0 $0 $0
JASON MCCARTHY DIRECTOR 2.00
Director
$0 $0 $0
ROBERT MCKEE DIRECTOR (STARTING 12/14/23) 2.00
Director
$0 $0 $0
NATE BEULOW DIRECTOR (THRU 12/14/23) 2.00
Director
$0 $0 $0
WALT COOPER DIRECTOR 2.00
Director
$0 $0 $0
LTGR KEN TOVO CHAIRMAN 5.00
Officer Director
$0 $0 $0
ANDREW BRAY SECRETARY 5.00
Officer Director
$0 $0 $0
CHRIS ROBINETTE TREASURER 5.00
Officer Director
$0 $0 $0
CHARLES P IACONO PRESIDENT & CEO (STARTING 4/7/2023) 40.00
Officer
$149,092 $5,107 $154,199
FRANCES ARIAS INTER ED (THRU 3/23) COO (THRU 9/23) 40.00
Officer
$119,814 $0 $119,814
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 $3,048,058 $2,936,930 $4,840,854 $111,128
2022 $3,547,450 $3,526,122 $4,396,784 $21,328
2021 $3,422,970 $2,068,043 $4,813,026 $1,354,927
2020 $2,218,605 $1,518,644 $3,310,920 $699,961
2019 $2,248,015 $2,416,400 $2,527,556 $-168,385
2018 $2,732,291 $2,204,644 $2,688,827 $527,647
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