THE HONOR FOUNDATION INC

EIN: 462952873 501(c)(3) Employment

SAN DIEGO, CA

Total Revenue
$8,482,024
Total Expenses
$7,540,876
Total Assets
$6,800,740
Net Assets
$6,622,795
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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
2013
Legal Domicile
CA
Principal Officer
MATTHEW P STEVENS
Phone
6199166421
Tax Period
2024-01-01 to 2024-12-31

THE HONOR FOUNDATION INC, founded in 2013, is a community nonprofit in the Employment sector that reported $8.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $7.5M left a modest 11% surplus.

Mission

ASSISTS U.S. SPECIAL OPERATION FORCES TRANSITION FROM ACTIVE DUTY MILITARY TO PRIVATE SECTOR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,530,846
Program Service Revenue $44,291
Investment Income $61,445
Other Revenue $-154,558
TOTAL REVENUE $8,482,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,065,123
Fundraising Expenses $426,876
Program Expenses $7,017,286
Other Expenses $3,475,753
TOTAL EXPENSES $7,540,876

Year-over-Year Comparison

2024 2023 Change
Revenue $8,482,024 $7,650,265 +0.1%
Expenses $7,540,876 $6,037,836 +0.2%
Net Income $941,148 $1,612,429 -0.4%
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

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Governance

Voting Members
16
Independent Members
15
Employees
40
Volunteers
3980

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
$641,741
Total Directors
16
$285,710
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW P STEVENS CEO - DIRECTOR 40.00
Officer Director
$285,710 $0 $285,710
JON SKINNER BOARD CHAIRMAN 2.00
Officer Director
$0 $0 $0
BRIAN SWEIGART BOARD MEMBER 1.00
Director
$0 $0 $0
BRETT PASCHKE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE ALBERGA BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID JANKE BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK MULLER BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN NAHAMA BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN SCHAEFER BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY SOLOMON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL KENDALL BOARD MEMBER 1.00
Director
$0 $0 $0
LT GENERAL RET MICHAEL K NAGATA BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD WELLS BOARD MEMBER 1.00
Director
$0 $0 $0
SALIM ASRAWI BOARD MEMBER 1.00
Director
$0 $0 $0
TOM CHABY BOARD MEMBER 1.00
Director
$0 $0 $0
WAYNE FOREMAN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY MCGRAW CHIEF IMPACT OFFICER 40.00
Officer
$207,905 $0 $207,905
JANIE LIVESAY CHIEF PROGRAM OFFICER 40.00
Officer
$148,126 $0 $148,126
LINDSAY CASHIN VP OF STRATEGIC ENGAGEMENT 40.00
Highest
$140,710 $0 $140,710
MICHAEL HALTERMAN VP OF VECTOR ACCELERATOR 40.00
Highest
$140,710 $0 $140,710
KATHERINE LEMING VP OF MARKETING AND COMMUNICATONS 40.00
Highest
$125,710 $0 $125,710
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
2025 No data No data No data No data
2024 $8,482,024 $7,540,876 $6,800,740 $941,148
2023 $7,650,265 $6,037,836 $5,656,903 $1,612,429
2022 $5,044,326 $4,447,671 $3,826,961 $596,655
2021 $4,088,301 $3,241,886 $3,165,701 $846,415
2020 $3,048,219 $2,404,501 $2,376,630 $643,718
2020 $3,048,219 $2,411,497 $2,377,213 $636,722
2019 $2,244,795 $2,719,000 $1,718,588 $-474,205
2019 $2,254,795 $2,729,762 $1,726,170 $-474,967
2018 $2,239,125 $2,253,080 $2,273,151 $-13,955
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