SPECIAL OPERATIONS WARRIOR FOUNDATION

EIN: 521183585 501(c)(3) Education

TAMPA, FL

Total Revenue
$53,909,238
Total Expenses
$20,172,546
Total Assets
$256,640,715
Net Assets
$173,231,218
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
FL
Principal Officer
CLAYTON M HUTMACHER
Phone
8138059400
Tax Period
2024-01-01 to 2024-12-31

SPECIAL OPERATIONS WARRIOR FOUNDATION, founded in 1980, is a mid-sized nonprofit in the Education sector that reported $53.9M in total revenue in fiscal year 2024. Revenue surged 221% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33.7M, a strong 63% operating margin.

Mission

TO ENSURE COMPREHENSIVE EDUCATIONAL SUPPORT INCLUDING, BUT NOT LIMITED TO, ACADEMIC ADVOCACY, PRESCHOOL AND PRIVATE SCHOOL GRANTS, TUTORING, SUPPORT FOR STUDENTS WITH DISABILITIES, COLLEGE READINESS PROGRAMS, FULL FINANCIAL ASSISTANCE FOR UP TO A FOUR-YEAR POST-SECONDARY DEGREE, ACCESS TO OUR COLLEGE TO CAREER TRANSITIONS PROGRAM, A COMMITMENT TO COVER EDUCATIONAL COSTS FOR THE SURVIVING CHILDREN OF SPECIAL OPERATIONS PERSONNEL WHOSE SPOUSES PERISH WHILE THE SPECIAL OPERATOR IS ACTIVELY SERVING, WHILE PROVIDING A VARIETY OF OTHER PRACTICAL PROGRAMS AND SERVICES. THE FOUNDATION ALSO PROVIDES IMMEDIATE FINANCIAL GRANTS TO SEVERELY COMBAT-WOUNDED, ILL, AND INJURED SPECIAL OPERATIONS PERSONNEL WHO REQUIRE HOSPITALIZATION.

Program Service Accomplishments

Program 1
Expenses: $14,351,846

SCHOLARSHIP GRANTS: THE FOUNDATION EMPLOYS A PROACTIVE APPROACH TO THE ACADEMIC SUCCESS OF OUR STUDENTS, WITH AN INTENTIONAL FOCUS ON THEIR COMPLETION OF A POST-SECONDARY DEGREE. IN 2024, 261...

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SCHOLARSHIP GRANTS: THE FOUNDATION EMPLOYS A PROACTIVE APPROACH TO THE ACADEMIC SUCCESS OF OUR STUDENTS, WITH AN INTENTIONAL FOCUS ON THEIR COMPLETION OF A POST-SECONDARY DEGREE. IN 2024, 261 CHILDREN ATTENDED COLLEGES OR OTHER POST SECONDARY EDUCATIONAL INSTITUTIONS AND THE FOUNDATION PROVIDED APPROXIMATLEY $5.7 MILLION TO THE CHILDREN ATTENDING COLLEGE. OUR GRANTS INCLUDE FUNDING FOR TUITION, ROOM AND BOARD, BOOKS, TUTORING, COMPUTERS, FEES, TRANSPORTATION, AND PERSONAL EXPENSES. AT DECEMBER 31, 2024 THERE ARE 1,863 CHILDREN WHO SURVIVED 1,451 SPECIAL OPERATIONS PERSONNEL,SPOUSES OF ACTIVELY SERVING SPECIAL OPERATIONS PERSONNEL AND MEDAL OF HONOR RECIPIENTS WHO GAVE THEIR LIVES IN PATRIOTIC SERVICE TO THEIR COUNTRY. OF THESE 1,863 CHILDREN, 565 HAVE GRADUATED COLLEGE. (CONTINUED ON SCHEDULE O). THE FOUNDATION RETAINED ERNST & YOUNG LLP TO PREPARE AN ACTUARIAL VALUATION FOR FUNDING PURPOSES TO SUMMARIZE THE PRESENT VALUE OF THE PROJECTED NEED OF THE SCHOLARSHIP PROGRAM AS OF DECEMBER 31, 2022. THE ACTUARIAL VALUATION INCORPORATED BOTH CURRENT AND PROJECTED FUTURE BENEFICIARIES OF THE PROGRAM AND PROVIDED INFORMATION REGARDING ALTERNATIVE PATTERNS AND SENSITIVITY OF DISCOUNT RATES AND INVESTMENT RETURNS ON THE ANTICIPATED DONATIONS NEEDS. THE RESULTS CONCLUDED THE PRESENT VALUE OF THE PROJECTED NEED OF THE SCHOLARSHIP PROGRAM TO BE APPROXIMATELY $401 MILLION AT DECEMBER 31, 2022, WITH AN UNFUNDED PROJECTED NEED OF APPROXIMATELY $224 MILLION AT DECEMBER 31, 2022.

Program 2
Expenses: $3,265,299

EDUCATIONAL ADVOCACY, TUTORING AND PRIVATE SCHOOLING: ACADEMIC AND CAREER ADVOCACY SERVICES ARE AVAILABLE TO ALL ELIGIBLE CHILDREN BEGINNING AT A YOUNG AGE. BY SETTING THE EXPECTATION OF A...

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EDUCATIONAL ADVOCACY, TUTORING AND PRIVATE SCHOOLING: ACADEMIC AND CAREER ADVOCACY SERVICES ARE AVAILABLE TO ALL ELIGIBLE CHILDREN BEGINNING AT A YOUNG AGE. BY SETTING THE EXPECTATION OF A POST-SECONDARY EDUCATION, OUR STUDENTS BEGIN SETTING THEIR ACADEMIC AND PROFESSIONAL GOALS FROM A YOUNG AGE. THE FOUNDATION IS THERE TO ENSURE THAT EACH STUDENT IS ON TRACK TO REACH THOSE GOALS.THE FOUNDATION PROVIDED EDUCATIONAL ADVOCACY TO OVER 1,200 CHILDREN THAT HAVE NOT YET REACHED COLLEGE AGE OR STARTED THEIR POST SECONDARY EDUCATION. (CONTINUED ON SCHEDULE O).456 OF THESE CHILDREN WERE IN MIDDLE AND HIGH SCHOOL AND RECEIVED ACADEMIC PLANNING MATERIALS AND STARTED PREPARING TO BEGIN THEIR POST SECONDARY EDUCATION. IN HOME TUTORING WAS AVAILABLE TO ALL CHILDREN FROM KINDERGARTEN AGE THROUGH COLLEGE GRADUATION. THE FOUNDATION ALSO FUNDED VISITS TO COLLEGES FOR HIGH SCHOOL SENIORS. THE FOUNDATION CONDUCTS AN ANNUAL COLLEGE PREPARATION CONFERENCE/SEMINAR FOR OUR HIGH SCHOOL JUNIORS AND SENIORS. THE STUDENTS ARE LODGED ON A COLLEGE CAMPUS, COACHED IN COLLEGE FINANCES, SOCIAL RESPONSIBILITIES, TAUGHT HOW TO WRITE A COLLEGE ADMISSIONS ESSAY, LEARN ABOUT EXPECTATIONS FROM COLLEGE PROFESSORS, AND ARE MENTORED BY SOWF COLLEGE GRADUATES. MOST RECENTLY, IN 2021, THE BOARD OF DIRECTORS APPROVED PRIVATE SCHOOL TUITION ASSISTANCE GRANTS OF UP TO $5000 PER K-12 STUDENT, PER YEAR. IN ITS COMMITMENT TO ITS NUMBER ONE PRIORITY, STUDENT SUCCESS, SOWF CONTINUES TO ENHANCE EDUCATIONAL OPPORTUNITIES, FROM CRADLE TO CAREER.

Program 3
Expenses: $465,577

SUPPORT TO SPECIAL OPERATIONS WOUNDED PERSONNEL: SPECIAL OPERATORS ARE DEPLOYED IN OVER 80 COUNTRIES EVERY DAY. ONE OF THE MOST DIFFICULT CHALLENGES THAT SPECIAL OPERATIONS FAMILIES MAY FACE IS THE...

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SUPPORT TO SPECIAL OPERATIONS WOUNDED PERSONNEL: SPECIAL OPERATORS ARE DEPLOYED IN OVER 80 COUNTRIES EVERY DAY. ONE OF THE MOST DIFFICULT CHALLENGES THAT SPECIAL OPERATIONS FAMILIES MAY FACE IS THE IMMEDIATE FINANCIAL BURDEN WHEN THEIR LOVED ONE IS HOSPITALIZED WITH SEVERE COMBAT WOUNDS, INJURIES, OR ILLNESS. SINCE 2006, SPECIAL OPERATIONS WARRIOR FOUNDATION HAS PROVIDED IMMEDIATE FINANCIAL SUPPORT TO OVER 1,300 SEVERELY WOUNDED, ILL, AND INJURED SPECIAL OPERATORS REQUIRING HOSPITALIZATION. IN 2024, THE FOUNDATION PROVIDED DIRECT FINANCIAL SUPPORT TO 56 SEVERELY COMBAT WOUNDED OR INJURED SPECIAL OPERATIONS PEOPLE AND THEIR FAMILIES. (CONTINUED ON SCHEDULE O).THESE FUNDS ARE USED TO REDUCE THE BURDEN OF UNEXPECTED EXPENSES SUCH AS AIRFARE, CHILD CARE, PET CARE, RENTAL CARS, ETC. ADDITIONALLY, SOWF SENDS THE HOSPITALIZED SERVICE MEMBER AN IPAD TO FACILITATE CONNECTIVITY WITH FRIENDS AND FAMILY.

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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 $17,708,321
Program Service Revenue $0
Investment Income $34,718,941
Other Revenue $1,481,976
TOTAL REVENUE $53,909,238

Expense Breakdown

Grants Paid $8,816,718
Salaries & Benefits $2,422,553
Fundraising Expenses $1,356,096
Program Expenses $18,082,722
Other Expenses $8,933,275
TOTAL EXPENSES $20,172,546

Year-over-Year Comparison

2024 2023 Change
Revenue $53,909,238 $16,775,569 +2.2%
Expenses $20,172,546 $18,360,875 +0.1%
Net Income $33,736,692 $-1,585,306 -22.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
24
Employees
20
Volunteers
200

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
$550,556
Total Directors
25
$333,344
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND TONY THOMAS III CHAIRMAN 6.00
Officer Director
$0 $0 $0
DAVID REDMOND TREASURER 6.00
Officer Director
$0 $0 $0
CRAIG BROTCHIE DIRECTOR 3.00
Director
$0 $0 $0
TONY BRUNO DIRECTOR 3.00
Director
$0 $0 $0
MARK A CLARK DIRECTOR 3.00
Director
$0 $0 $0
BARRON COLLIER II DIRECTOR 3.00
Director
$0 $0 $0
JIM CRAIG DIRECTOR 3.00
Director
$0 $0 $0
MIKE DURANT DIRECTOR 3.00
Director
$0 $0 $0
GEORGE FERKES DIRECTOR 3.00
Director
$0 $0 $0
RICHARD FORSYTH DIRECTOR 3.00
Director
$0 $0 $0
TROY FOWLER DIRECTOR 3.00
Director
$0 $0 $0
COLE HAUSER DIRECTOR 3.00
Director
$0 $0 $0
GARDNER HOWE DIRECTOR 3.00
Director
$0 $0 $0
SCOTT HOWELL DIRECTOR 3.00
Director
$0 $0 $0
AARON KOZMETSKY DIRECTOR 3.00
Director
$0 $0 $0
JAMES LINDER DIRECTOR 3.00
Director
$0 $0 $0
DR CARLA D LONG DIRECTOR 3.00
Director
$0 $0 $0
DR MICHELE MALVESTI DIRECTOR 3.00
Director
$0 $0 $0
PATRICK MCCAULEY DIRECTOR 3.00
Director
$0 $0 $0
GEORGEANN MCRAVEN DIRECTOR 3.00
Director
$0 $0 $0
KEVIN MILLER DIRECTOR 3.00
Director
$0 $0 $0
MATTHEW QUINN DIRECTOR 3.00
Director
$0 $0 $0
CLAYTON M HUTMACHER PRESIDENT/CEO 40.00
Officer Director
$285,677 $47,667 $333,344
KEVIN SOFIELD DIRECTOR 3.00
Director
$0 $0 $0
ALTON C WARD DIRECTOR 3.00
Director
$0 $0 $0
SEAN CORRIGAN EXECUTIVE VICE PRESIDENT 40.00
Officer
$195,975 $21,237 $217,212
BARBARA SECOR DIRECTOR OF PROGRAMS 40.00
Highest
$136,845 $7,902 $144,747
ANGEL MASON DIRECTOR OF RESOURCES - FORMER 40.00
Highest
$121,910 $8,360 $130,270
KELLY BECKER DIRECTOR OF DEVELOPMENT 40.00
Highest
$135,964 $1,240 $137,204
LISA HENSON DIRECTOR OF RESOURCES 40.00
Highest
$105,216 $10,467 $115,683
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 $53,909,238 $20,172,546 $256,640,715 $33,736,692
2023 $16,775,569 $18,360,875 $220,158,980 $-1,585,306
2022 $15,269,660 $14,844,122 $183,770,020 $425,538
2021 $35,320,294 $12,764,306 $212,246,211 $22,555,988
2020 $16,396,122 $11,193,636 $175,400,415 $5,202,486
2019 $22,527,842 $10,107,708 $150,293,386 $12,420,134
2018 $16,639,238 $11,607,149 $123,600,321 $5,032,089
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