Quick Reaction Foundation
Nonprofit profile at a glance
- EIN
- 471306797
- IRS 990-EZ coverage
- 2014–2023
- Forms available
- Form 990 2016, Form 990-EZ 2023
- Location
- The Woodlands, TX, USA
- Phone
- 8329284780
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Military, Veterans' Organizations
Reported finances
- Revenue
- $101,700
- Expenses
- $108,797
- Assets
- $34,190
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- CLAYTON R HAGERMAN (CHAIRMAN)
- ROBERT SINNOTT (BOARD MEMBER)
- GARRETT A GOLDEN (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Quick reaction foundation (qrf) is a non-profit organization founded by veterans to provide rapid response to the developing needs of elite operators and their families from within select u.s. Special operations command ("ussocom") teams. Qrf identifies niche areas of giving that are overlooked and underserved, which when remedied, will materially increase the quality of life for service members and their families.
What it reported doing in 2023
Patriot m.d. Years of combat and training have taken a physical toll on special operation warriors in unique and challenging ways. The qrf will partner with physicions, surgeons, and healthcare systems to facilitate surgeries on non lfe-threatening injuries that will materially increase their quality of life. The qrf will incur all travel-related expenses for beneficiaries and their families. Qrf house qrf will maintain a home at bluejack national in pinehurst, Texas. The qrf house will be used by service members and their families for recovery after discharge from medical facilities, gold star families as a place to grieve upon the loss of a loved one, and service members and gold star familieis for moral welfare recreation. The qrf house will be decorated with seal memorabilia provided from the personal collections of navy seals accumulated over decades of service.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
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 revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 24
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.9%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -7%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 19.5% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: -6.9% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -12.7% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $109K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2014 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Sustainability: Operating margin scored 20/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Growth: Asset growth scored 0/100.