Word of Honor Fund (EIN 473063401) - 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

2014

Legal Domicile

Principal Officer

Louis Shepard

Phone

7574999138

Tax Period

2023-01-01 to 2023-12-31

Word of Honor Fund, founded in 2014, is a small nonprofit in the Human Services sector that reported $579K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 33% operating margin.

Mission

Word of Honor Fund provides a continuum of support that facilitates milestone events for the surviving children of SEALs and Special Operations personnel who die while assigned to a select Naval Special Operations Group.

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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 (2023)

Revenue Breakdown

Contributions & Grants $530,992

Program Service Revenue $0

Investment Income $48,265

Other Revenue $0

TOTAL REVENUE $579,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,045

Fundraising Expenses $0

Program Expenses $242,999

Other Expenses $283,810

TOTAL EXPENSES $387,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$579,257	$408,222	+0.4%
Expenses	$387,855	$420,338	-0.1%
Net Income	$191,402	$-12,116	-16.8%

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

N/A

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
Ed Rasmussen	Director	2.00	Director	$0	$0	$0
Johnny Amick	Director	2.00	Director	$0	$0	$0
Rosalie Shepard	VP/Sect'y	2.00	Officer Director	$0	$0	$0
Mari McStay	Treasurer	2.00	Officer Director	$0	$0	$0
Louis Shepard	President	2.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$579,257	$387,855	$1,609,948	$191,402
2022	$408,222	$420,338	$1,400,487	$-12,116
2021	$459,799	$311,915	$1,409,544	$147,884
2020	$467,282	$290,740	$1,275,562	$176,542
2019	$324,567	$240,677	$1,086,885	$83,890
2018	$334,939	$211,280	$1,018,836	$123,659

Word of Honor Fund