SPECIAL FORCES SCHOLARSHIP FUND (EIN 275458794) - 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

2011

Legal Domicile

Principal Officer

STEVE MANNELL

Phone

9107236168

Tax Period

2024-01-01 to 2024-12-31

SPECIAL FORCES SCHOLARSHIP FUND, founded in 2011, is a small nonprofit in the Education sector that reported $635K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 60% operating deficit.

Mission

THE PURPOSE OF THE SPECIAL FORCES SCHOLARSHIP FUND (SFSF) IS TO AWARD MERIT BASED POST SECONDARY EDUCATIONAL SCHOLARSHIPS TO THE DAUGHTERS AND SONS OF CURRENT AND VETERAN SPECIAL FORCES SOLDIERS.

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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 $628,899

Program Service Revenue $0

Investment Income $6,471

Other Revenue $0

TOTAL REVENUE $635,370

Expense Breakdown

Grants Paid $1,007,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,007,000

Other Expenses $9,564

TOTAL EXPENSES $1,016,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$635,370	$844,096	-0.2%
Expenses	$1,016,564	$509,315	+1.0%
Net Income	$-381,194	$334,781	-2.1%

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
STEVE MANNELL	DIRECTOR & PRESIDENT	5.00	Officer Director	$0	$0	$0
RICK THOMAS	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS SPENCE	DIRECTOR	5.00	Director	$0	$0	$0
GARY BLOOMBERG	DIRECTOR	5.00	Director	$0	$0	$0
JOHN LARCH	DIRECTOR	5.00	Director	$0	$0	$0
VANCE WALKER	DIRECTOR	5.00	Director	$0	$0	$0
TONY MARTIN	HONORARY DIRECTOR	5.00	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	$635,370	$1,016,564	$256,643	$-381,194
2023	$844,096	$509,315	$637,837	$334,781
2022	$335,092	$423,465	$290,022	$-88,373
2021	$362,515	$350,186	$416,400	$12,329
2020	$305,017	$321,254	$404,071	$-16,237
2019	$341,586	$326,276	$420,308	$15,310
2018	$432,668	$385,396	$404,998	$47,272

SPECIAL FORCES SCHOLARSHIP FUND