K9s for Warriors Inc

Nonprofit profile at a glance

EIN
275219467
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Ponte Vedra, FL, USA
Phone
9046861956
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Animal-Related N.E.C.

Official website

Reported finances

Revenue
$24,184,735
Expenses
$24,762,536
Assets
$38,506,943
Liabilities
$7,322,937

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

Leadership & pay

29 people listed

Executive titles in this filing

  • DANIEL BEAN (CHIEF EXECUTIVE OFFICER)
  • CARL CRICCO (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • DANIEL BEAN (CHIEF EXECUTIVE OFFICER): $202,177 total reported compensation
  • LINDSAY GRAYSON (CHIEF REVENUE OFFICER): $201,393 total reported compensation
  • ALEX LOTT (CHIEF OPERATING & INFORMATION OFFICER): $147,958 total reported compensation

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

Overview

Mission

Determined to end veteran suicide, k9s for warriors provides highly-trained service dogs to military veterans suffering from ptsd, traumatic brain injury and/or military sexual trauma. With the majority of dogs being rescues, this innovative program allows the k9/warrior team to build an unwavering bond that facilitates their collective healing and recovery.

What it reported doing in 2024

Determined to end veteran suicide, k9s for warriors provides highly-trained service dogs to military veterans suffering from ptsd, traumatic brain injury and/or military sexual trauma. With the majority of dogs being rescues, this innovative program allows the k9/warrior team to build an unwavering bond that facilitates their collective healing and recovery. This program is backed by scientific research (from the o'haire lab at the university of Arizona college of veterinary medicine) demonstrating service dogs' ability to help mitigate their veteran's symptoms of ptsd while simultaneously restoring their confidence and independence.during 2024, k9s for warriors paired 138 service dogs with warriors, giving each a new leash on life. Since inception in 2011 to the end of 2024, k9s for warriors paired 1,123 service dogs with warriors.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 74
  • Accountability: 94
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.4%; rating input score 76
  • Program expense ratio: 74.1%; rating input score 74
  • Fundraising efficiency: $5.38 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 89.5%; rating input score 89; 3rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.2%; rating input score 98; 29th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.4%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 1.56; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 21.5% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 17% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 16.9% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 76.4% of revenue deployed · 74.1% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $18.4M in reported program spending
  • Leadership: top reported pay $202K · 29 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.8M reported
  • Consistency: 40 of 42 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 16 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.

Key Signals

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

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 22/100.
  • High — Sustainability: Operating margin scored 22/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.