Word of Honor Fund

EIN: 473063401 501(c)(3) Human Services

Bellevue, ID

Total Revenue
$579,257
Total Expenses
$387,855
Total Assets
$1,609,948
Net Assets
$1,588,309
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
VA
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.

Program Service Accomplishments

Program 1
Expenses: $242,999

Word of Honor is committed to fulfilling the intentions of our fallen heroes by ensuring his children experience life as he had planned before his sacrifice. His untimely passing challenges his...

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Word of Honor is committed to fulfilling the intentions of our fallen heroes by ensuring his children experience life as he had planned before his sacrifice. His untimely passing challenges his promise.We will honor promises through the gracious support of our donors, the trust of the surviving families, and the mentorship provided by the members of our special operations community.

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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 (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

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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
5
Independent Members
5
Employees
6
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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