The Split Second Foundation Inc

Nonprofit profile at a glance

EIN
825240639
IRS 990 coverage
2022–2025
Forms available
Form 990 2025, Form 990-EZ 2020
Location
New Orleans, LA, USA
Phone
5044309429
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$751,031
Expenses
$1,018,539
Assets
$1,130,405
Liabilities
$446,173

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • MARK RAYMOND JR (CEO & PRESIDENT)

Highest reported compensation

  • MARK RAYMOND JR (CEO & PRESIDENT): $79,195 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Split second foundation's mission is to deliver comprehensive care, resources, education and advocacy to those affected by disabilities, promoting independent living and enhancing their quality of life.

What it reported doing in 2025

The organization offers two comprehensive programs, split second fitness and split second cares, which work harmoniously to provide wrap-around services and enhance the overall quality of life for families impacted by disabilities. Split second fitness operates a fitness facility that is used to provide a safe environment for research-based, individualized exercise programs that are proven to be highly effective for improving health, function and quality of life. Split second fitness members are assessed by experienced staff to evaluate the members' strengths, weaknesses, and deficits. Following the assessment, the member will receive an individualized regimen using exercises and treatments developed through activity-based therapy programs. Some of the benefits members report are improved functionality, muscle development and reduction in pain and depression. Split second cares provides mental health and case management support services to individuals who have gone through tragic events. Services from this program include essential resources, trauma-informed mental health support, vocational training, and disability advocacy.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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

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: 68
  • Transparency & Controls: 87
  • Accountability: 90
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.8%; rating input score 84
  • Program expense ratio: 61.6%; rating input score 62
  • Fundraising efficiency: $1.92 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 27th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -35.6%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 1.11; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: 18% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 32.2% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 38.3% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 83.8% of revenue deployed · 61.6% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $628K in reported program spending
  • Leadership: top reported pay $79K · 12 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Fundraising efficiency scored 5/100.
  • High — Sustainability: Operating margin scored 3/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.