THE WAR HORSE NEWS INC

EIN: 821669255 501(c)(3) Public & Societal Benefit

CLEVELAND, OH

Total Revenue
$1,229,734
Total Expenses
$1,328,413
Total Assets
$738,976
Net Assets
$667,994
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NC
Principal Officer
THOMAS BRENNAN
Phone
9102402120
Tax Period
2023-01-01 to 2023-12-31

THE WAR HORSE NEWS INC, founded in 2016, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

THE WAR HORSE IS AN AWARD-WINNING NONPROFIT NEWSROOM EDUCATING THE PUBLIC ON MILITARY SERVICE, WAR, AND ITS IMPACT. OUR TEAM ACHIEVES THIS THROUGH JOURNALISM, PUBLIC FORUMS, AND WRITING SEMINARS THAT ENSURE THOSE MOST AFFECTED BY WAR HAVE A PROMINENT VOICE IN THE NATIONAL CONVERSATION

Program Service Accomplishments

Program 1
Expenses: $387,953

THE WAR HORSE NEWS INC. SERVES AS A NON-PARTISAN NEWSROOM WITH THE PURPOSE OF PROMOTING THE INSTRUCTION OF THE PUBLIC ON THE SUBJECT OF MILITARY SERVICE, WAR, AND ITS IMPACTS ON VETERANS, SERVICE...

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THE WAR HORSE NEWS INC. SERVES AS A NON-PARTISAN NEWSROOM WITH THE PURPOSE OF PROMOTING THE INSTRUCTION OF THE PUBLIC ON THE SUBJECT OF MILITARY SERVICE, WAR, AND ITS IMPACTS ON VETERANS, SERVICE MEMBERS AND THEIR FAMILIES, WHICH WE BELIEVE IS A SUBJECT USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY.

Program 2
Expenses: $177,030

HOSTING OF WRITING SEMINARS FOR MILITARY SERVICE MEMBERS, VETERANS, ANDTHEIR FAMILY MEMBERS WHO WISH TO CONTRIBUTE TO OUR NEWSROOM, WHOM WEREFER TO AS "FELLOWS." THIS INITIATIVE FURTHERS OUR PURPOSE...

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HOSTING OF WRITING SEMINARS FOR MILITARY SERVICE MEMBERS, VETERANS, ANDTHEIR FAMILY MEMBERS WHO WISH TO CONTRIBUTE TO OUR NEWSROOM, WHOM WEREFER TO AS "FELLOWS." THIS INITIATIVE FURTHERS OUR PURPOSE TO PROMOTETHE ARTS AND CULTURE BY PROVIDING INSTRUCTION IN JOURNALISM, WRITINGSKILLS, AND PUBLIC SPEAKING SKILLS TO OUR FELLOWS.

Program 3
Expenses: $458,770

HOSTING OF PUBLIC FORUMS FOR MILITARY SERVICE MEMBERS, VETERANS, MILITARY FAMILY MEMBERS, JOURNALISTS, AND MEMBER OF THE PUBLIC TO CONVENE AND DISCUSS THE TOPICS OF MILITARY SERVICE, WAR AND ITS...

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HOSTING OF PUBLIC FORUMS FOR MILITARY SERVICE MEMBERS, VETERANS, MILITARY FAMILY MEMBERS, JOURNALISTS, AND MEMBER OF THE PUBLIC TO CONVENE AND DISCUSS THE TOPICS OF MILITARY SERVICE, WAR AND ITS IMPACT AND JOURNALISM REGARDING THOSE TOPICS.

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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 $1,229,734
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,229,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $696,965
Fundraising Expenses $95,101
Program Expenses $1,023,753
Other Expenses $631,448
TOTAL EXPENSES $1,328,413

Year-over-Year Comparison

2023 2022 Change
Revenue $1,229,734 $854,741 +0.4%
Expenses $1,328,413 $800,718 +0.7%
Net Income $-98,679 $54,023 -2.8%
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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Governance

Voting Members
6
Independent Members
5
Employees
7
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
4
$121,574
Total Directors
7
$121,574
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS BRENNAN EXECUTIVE DIRECTOR 40.00
Officer Director
$119,585 $1,989 $121,574
KEITH GOGGIN TREASURER 2.00
Officer Director
$0 $0 $0
MICHELE FLOURNOY CO-CHAIR 2.00
Officer Director
$0 $0 $0
ROBERT J ROSENTHAL CO-CHAIR 2.00
Officer Director
$0 $0 $0
SUE HOPPIN DIRECTOR 2.00
Director
$0 $0 $0
SHERMAN GILLUMS JR DIRECTOR 2.00
Director
$0 $0 $0
ANNE LEBLEU DIRECTOR 2.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,229,734 $1,328,413 $738,976 $-98,679
2022 $854,741 $800,718 $828,624 $54,023
2021 $731,790 $517,420 $749,409 $214,370
2020 $284,678 $143,436 $268,741 $141,242
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