Congressional Medal of Honor Society of the United States of America

Nonprofit profile at a glance

EIN
526056376
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Mount Pleasant, SC, USA
Phone
8438848862
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Official website

Reported finances

Revenue
$3,387,462
Expenses
$3,711,606
Assets
$8,810,132
Liabilities
$100,626

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Britt K Slabinski (President)
  • William D Swenson (Vice President)
  • Chad L Graham (Executive Director)
  • John W Falkenbury (Executive Director- Term Ended)

Highest reported compensation

  • John W Falkenbury (Executive Director- Term Ended): $143,219 total reported compensation
  • Margaret J Barnes (Sr Dir of Healthcare & Adv): $123,943 total reported compensation
  • Chad L Graham (Executive Director): $122,230 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Congressional Medal of Honor Society is dedicated to preserving the legacy of the Medal of Honor, inspiring America to live the values the Medal represents, and supporting Recipients of the Medal as they connect with communities across America.

What it reported doing in 2024

The Medal of Honor Museum: Located on the hangar deck of the USS Yorktown at Patriots Point in Mount Pleasant, SC, the Congressional Medal of Honor Society's Medal of Honor Museum serves as the home of the Medal of Honor, preserving the legacy of the Recipients who wear it and the values it represents: courage, commitment, integrity, sacrifice, citizenship, and patriotism. The museum chronicles the history of the Medal of Honor from the Civil War through the Global War on Terrorism. Designed to be both educational and memorable, the exhibits invite visitors to experience history in a way that is thought-provoking and inspiring. Through these stories, it is our hope that guests gain a renewed respect for the valor of those who have answered the call to defend our nation's freedom, and that they leave inspired by the extraordinary individuals who went "above and beyond the call of duty." Exhibits feature memorabilia and artifacts relating to Medal of Honor Recipients. In addition to permanent displays, rotating and interactive exhibits highlight related themes and areas of interest, ensuring that each visit offers a new perspective on service and sacrifice.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.5%; rating input score 92
  • Fundraising efficiency: $208.21 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.6%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 2.37; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 85; 85th percentile among comparable filings
  • Officer compensation ratio: 16.4%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 18.5% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 16.3% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.5% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $3.4M in reported program spending
  • Leadership: top reported pay $143K · 13 people listed
  • Highest-paid contractors: 1 contractor listed · $2.1M reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 14/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 16/100.