Operation Honor Corp (EIN 473155945) - 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

2015

Legal Domicile

Principal Officer

Joseph Montgomery

Phone

5132581475

Tax Period

2024-01-01 to 2024-12-31

Operation Honor Corp, founded in 2015, is a small nonprofit in the Employment sector that reported $282K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $253K left a modest 10% surplus.

Mission

Helping Veterans Heal Through Craftsmanship, Camaraderie, and Purpose

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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 $5,932

Program Service Revenue $276,449

Investment Income $42

Other Revenue $0

TOTAL REVENUE $282,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,063

Fundraising Expenses $2,174

Program Expenses $185,218

Other Expenses $192,435

TOTAL EXPENSES $253,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,423	$245,661	+0.1%
Expenses	$253,498	$209,589	+0.2%
Net Income	$28,925	$36,072	-0.2%

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
JOSEPH MONTGOMERY	PRESIDENT	40.00	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	$282,423	$253,498	$759,148	$28,925
2023	No data	No data	No data	No data
2022	$29,000	$57,478	$491,675	$-28,478
2022	No data	No data	No data	No data
2021	$388,737	$60,084	$473,675	$328,653

Operation Honor Corp