THE WAR HORSE NEWS INC (EIN 821669255) - 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

2016

Legal Domicile

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

EDUCATING THE PUBLIC ON MILITARY SERVICE, WAR, AND ITS IMPACT.

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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 $1,229,734

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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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

$121,574

Total Directors

$121,574

Key Employees

Highest Compensated

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
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

THE WAR HORSE NEWS INC