SPECIAL FORCES ASSOCIATION (EIN 566148492) - 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

1964

Legal Domicile

Principal Officer

MICHAEL R HURST

Phone

9104855433

Tax Period

2023-01-01 to 2023-12-31

SPECIAL FORCES ASSOCIATION, founded in 1964, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

SPECIAL FORCES ASSOCIATION IS A NONPROFIT VETERANS' FRATERNAL ORGANIZATION FORMED IN 1964 AND IS CHARTERED IN THE STATE OF NORTH CAROLINA. THE PURPOSE OF THE ORGANIZATION IS TO UNITE, FRATERNALLY, ALL MEN WHO ARE NOW OR EVER HAVE BEEN ASSIGNED TO THE US ARMY SPECIAL FORCES, AND TO PERPETUATE SPECIAL FORCES TRADITIONS.

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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 $1,317,898

Program Service Revenue $108,310

Investment Income $41,563

Other Revenue $176,563

TOTAL REVENUE $1,644,334

Expense Breakdown

Grants Paid $494,030

Salaries & Benefits $114,798

Fundraising Expenses $0

Program Expenses $1,534,302

Other Expenses $1,036,896

TOTAL EXPENSES $1,645,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,644,334	$1,253,215	+0.3%
Expenses	$1,645,724	$1,077,481	+0.5%
Net Income	$-1,390	$175,734	-1.0%

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
KEVIN HARRY	PRESIDENT	5.00	Director	$0	$0	$0
BILL SMITH	VICE PRESIDENT	5.00	Director	$0	$0	$0
RUSSELL PRESTON	TREASURER	5.00	Director	$0	$0	$0
DOUG LIVERMORE	COMMUNICATIONS	5.00	Director	$0	$0	$0
CHRIS BELL	SPECIAL PROJECTS	5.00	Director	$0	$0	$0
JD CAMPBELL	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$1,644,334	$1,645,724	$2,620,958	$-1,390
2022	$1,253,215	$1,077,481	$1,928,678	$175,734
2021	$1,840,374	$1,352,549	$2,749,340	$487,825
2020	$1,125,154	$965,311	$2,857,366	$159,843
2019	$1,438,815	$1,458,489	$3,400,078	$-19,674

SPECIAL FORCES ASSOCIATION