THE HONOR FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

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 CAREERS.

Program Service Accomplishments

Program 1

Expenses: $7,017,286 Revenue: $44,291

THE HONOR FOUNDATION, INC. ("THF") PROVIDES A CAREER TRANSITION PROGRAM FOR U.S. SPECIAL OPERATIONS FORCES THAT TRANSLATES THEIR ELITE MILITARY SERVICE TO THE PRIVATE SECTOR AND HELPS CREATE THE NEXT GENERATION OF CORPORATE AND COMMUNITY LEADERS. THF PROVIDES A CLEAR PROCESS FOR THEIR PROFESSIONAL DEVELOPMENT AND OFFERS A DIVERSE ECOSYSTEM OF WORLD-CLASS SUPPORT AND TECHNOLOGY. EVERY STEP IS DEDICATED TO PREPARING THESE OUTSTANDING MEN AND WOMEN TO REALIZE THEIR MAXIMUM POTENTIAL AFTER THEIR MILITARY SERVICE. HEADQUARTERED IN SAN DIEGO, CA, THE THF HAS ADDITIONAL CAMPUSES IN VIRGINIA BEACH, VA; SOUTHERN PINES, NC; WILMINGTON, NC; TAMPA, FL; NICEVILLE, FL; TACOMA, WA; CLARKSVILLE, TN; AND TWO VIRTUAL CAMPUSES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$641,741

Total Directors

$285,710

Key Employees

Highest Compensated

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