The Honor Foundation Inc
Nonprofit profile at a glance
- EIN
- 462952873
- IRS 990 coverage
- 2014–2025
- Forms available
- Form 990 2025
- Location
- San Diego, CA, USA
- Phone
- 6199166421
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $10,014,848
- Expenses
- $8,257,919
- Assets
- $8,561,854
- Liabilities
- $157,890
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- MATTHEW P STEVENS (CEO - DIRECTOR)
Highest reported compensation
- MATTHEW P STEVENS (CEO - DIRECTOR): $290,360 total reported compensation
- KELLY MCGRAW (CHIEF IMPACT OFFICER): $220,360 total reported compensation
- MARLENE LIVINGSTONE (SENIOR DIRECTOR OF IMPACT): $147,387 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Assists u.s. Special operation forces transition from active duty military to private sector careers.
What it reported doing in 2025
The honor foundation, inc. ("thf") provides a career transition program for u.s. Special operations forces that translates their elite military service to the private sector and helps create the next generation of corporate and community leaders. Thf provides a clear process for their professional development and offers a diverse ecosystem of world-class support and technology. Every step is dedicated to preparing these outstanding men and women to realize their maximum potential after their military service. Headquartered in san diego, ca, the thf has additional campuses in Virginia beach, va; southern pines, nc; wilmington, nc; tampa, fl; niceville, fl; tacoma, wa; clarksville, tn; Colorado springs, co and two virtual campuses.
Operating model
- Revenue model
- Donor-supported. 97% 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.
The verdict
STRONG - 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 75
- Accountability: 92
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.3%; rating input score 77
- Program expense ratio: 93%; rating input score 93
- Fundraising efficiency: $20.57 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.4%; rating input score 94; 24th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 17.5%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 1.04; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 12.9%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 22.6% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 20.1% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 19.3% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 77.3% of revenue deployed · 93% of spending went to programs
- Governance: 17 of 18 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.7M in reported program spending
- Leadership: top reported pay $290K · 23 people listed · 1 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- 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.
- Review — Financial Efficiency: Fundraising efficiency scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Officer compensation ratio scored 16/100.