Civic Intelligence

Wounded Warriors of South Florida Inc

EIN 26-2886846 • 501(c)3 • North Palm Beach, FL

Profile

Provide temporary assistance to service connected, purple heart recipients living in South Florida, from Operation Iraqi Freedom (OIF) and Operation Enduring Freedom (OEF) respectivly first, and foremost.

300 Prosperity Farms Rd Suite FNorth Palm Beach, FL 33408

www.wwofsf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.07x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$123,750

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

9th percentile

-22%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,335,128

Down $535,686 (-29%) from 2022

Liabilities

Up

$171,430

Up $72,827 (+74%) from 2022

Net Assets

Down

$1,163,698

Down $608,513 (-34%) from 2022

Revenue

Up

$2,324,780

Up $456,443 (+24%) from 2022

Expenses

Up

$2,784,202

Up $960,640 (+53%) from 2022

Net Income

Down

-$459,422

Down $504,197 (-1126%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $28,417Net Assets 2012: $28,4172012Assets 2013: $33,066Liabilities 2013: $297Net Assets 2013: $32,7692013Assets 2014: $182,743Liabilities 2014: $7,040Net Assets 2014: $175,7032014Assets 2015: $503,276Liabilities 2015: $171,003Net Assets 2015: $332,2732015Assets 2018: $171,543Liabilities 2018: $12,181Net Assets 2018: $159,3622018Assets 2019: $278,421Liabilities 2019: $7,290Net Assets 2019: $271,1312019Assets 2020: $665,728Liabilities 2020: $34,808Net Assets 2020: $630,9202020Assets 2021: $1,894,468Liabilities 2021: $11,133Net Assets 2021: $1,883,3352021Assets 2022: $1,870,814Liabilities 2022: $98,603Net Assets 2022: $1,772,2112022Assets 2024: $1,335,128Liabilities 2024: $171,430Net Assets 2024: $1,163,6982024

Highlighted filing

2024

Assets$1,335,128
Liabilities$171,430
Net Assets$1,163,698

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $131,395Expenses 2012: $102,978Net Income 2012: $28,4172012Revenue 2013: $287,790Expenses 2013: $283,438Net Income 2013: $4,3522013Revenue 2014: $697,319Expenses 2014: $554,385Net Income 2014: $142,9342014Revenue 2015: $808,475Expenses 2015: $706,127Net Income 2015: $102,3482015Revenue 2018: $817,478Expenses 2018: $952,564Net Income 2018: -$135,0862018Revenue 2019: $1,144,737Expenses 2019: $1,032,968Net Income 2019: $111,7692019Revenue 2020: $1,429,282Expenses 2020: $1,069,493Net Income 2020: $359,7892020Revenue 2021: $2,917,028Expenses 2021: $1,663,792Net Income 2021: $1,253,2362021Revenue 2022: $1,868,337Expenses 2022: $1,823,562Net Income 2022: $44,7752022Revenue 2024: $2,324,780Expenses 2024: $2,784,202Net Income 2024: -$459,4222024

Highlighted filing

2024

Revenue$2,324,780
Expenses$2,784,202
Net Income-$459,422

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 14, 2023
Return Version
2022v5.0
Gross Receipts
$3,287,668
Mission and Program Overview

Mission

Our mission is to ease the burden of financial distress for eligible florida disabled veterans and their families by providing them immediate financial assistance. An eligible veteran is determined to be at least 30% disabled as determined by the va.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,145,533$1,064,558▼ $80,975
Cash and Non-Interest-Bearing Accounts$513,332$642,122▲ $128,790
Savings and Temporary Cash Investments$232,491$101,197▼ $131,294
Land, Buildings, and Equipment, Net$312$62▼ $250
Total Assets$1,894,468$1,870,814▼ $23,654
Other Assets Total$2,800$62,875▲ $60,075
Liabilities
Other Liabilities-$60,075-
Accounts Payable and Accrued Expenses$11,133$38,528▲ $27,395
Total Liabilities$11,133$98,603▲ $87,470
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,883,335$1,772,211▼ $111,124
Total Net Assets Fund Balance$1,883,335$1,772,211▼ $111,124
Total Liabilities and Net Assets / Fund Balance$1,894,468$1,870,814▼ $23,654

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$12,344$12,344
Equipment-$11,487$11,487
Other Land Buildings$62$5,738$5,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mike DurkeeExecutive DiFT$111,150$111,150

Board Members and Trustees

NameTitle
Robert D ChelbergPresident
Brittany CartwrightBoard Member
Gary HydeBoard Member
Gene AndrewsBoard Member
Jim ChampionBoard Member
Julia DattoloBoard Member
Kate ArrizzaBoard Member
Lauren BerksonBoard Member
Patrick J MillerBoard Member
Peter StarkBoard Member
Rand AllenBoard Member
Russ CancillaBoard Member
Skip TaylorBoard Member
Ellen AndelSecretary
Jim BrownSergent at a
John TassoneTreasurer
Frank DrennanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,862,336
Program Service Revenue
$0
Investment Income
$-7,564
Other Revenue
$13,565
All Other Contributions
$1,761,579
Change in Net Assets
$44,775

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table9$16,775Fair Market Value (FMV)
Cars and Other Vehicles2$14,000Fair Market Value (FMV)
Other Non Cash Contri Table13$5,038Actual Value
Total Noncash Contributions24$35,813-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,862,904
Revenue Not Reported on Financial Statements
$5,433
Revenue Not Reported on Form 990
$-151,099
Total Revenue per Audited Statements
$1,711,805
Total Revenue per Form 990
$1,868,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,207,199
Salaries, Compensation, and Employee Benefits$372,923
Other Expenses$243,440
Total Fundraising Expense$72,077
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,207,199--$1,207,199
Other Salaries and Wages$201,232$21,482$15,776$238,490
Current Officers, Directors, Trustees, and Key Employees$93,786$10,012$7,352$111,150
Office Expenses$1,147$34,720$2,880$38,747
Occupancy$19,531$3,709$5,580$28,820
Advertising-$12,326$13,336$25,662
Payroll Taxes$19,646$2,097$1,540$23,283
Travel$3,911$10,250$3,151$17,312
Other Expenses$5,920$8,436$12,842$12,842
Information Technology$196$10,476$493$11,165
Fees for Services Other-$8,553-$8,553
Fees for Service Investment Mgmnt Fees-$5,433-$5,433
Insurance-$4,108-$4,108
Conferences and Meetings$80$982$202$1,264
Depreciation Depletion-$250-$250
Interest-$140-$140
Total Functional Expenses$1,609,768$141,717$72,077$1,823,562

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,823,562
Total Expenses per Audited Statements$1,822,929
Expenses per Audited Statements$1,818,129
Expenses Not Reported on Financial Statements$5,433
Expenses Not Reported on Form 990$4,800
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$90,275
Fundraising Direct Expenses$79,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event-wvrf Ball$191,032$90,275$74,700$15,575
Total Events$191,032$90,275$79,500$10,775
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Right of Use$60,075
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive director and treasurer of the board of directors reviews the return prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board of directors has a formal conflict of interest policy that is reviewed annually with all board members and is signed by all board members.

Form 990, Page 6, Part VI, Line 15A

Process for determining compensation for the executive director and key employees. The process for determining the compensation for the executive director and key employees of the wounded veterans relief fund is based on performance and industry standards. The organization follows a comprehensive and transparent approach to ensure fairness and alignment with industry norms. Here's an overview of the process: performance evaluation: the performance of the executive director and key employees is evaluated based on various factors, including their achievements, leadership abilities, impact on the organization's mission, and overall effectiveness in their roles. Compensation benchmarking: the organization conducts research and benchmarking to understand the prevailing industry standards and compensation practices for similar positions in the nonprofit sector. This helps in determining a fair and competitive compensation package. Board of directors' involvement: the board of directors plays a crucial role in overseeing the compensation process. They review and approve the compensation structure and ensure it aligns with the organization's financial resources, mission, and strategic goals. Performance metrics and incentives: the compensation structure may include performance metrics and incentives tied to key organizational goals. This helps motivate and reward employees for exceptional performance, driving the achievement of strategic objectives. Transparency and disclosure: the wounded veterans relief fund maintains transparency by clearly communicating the compensation process and practices to stakeholders. This includes providing information about the factors considered, industry benchmarks, and how the compensation supports the organization's mission and long-term sustainability. The wounded veterans relief fund aims to strike a balance between attracting and retaining top talent while ensuring responsible use of donor funds to further the organization's mission of supporting veterans in need.

Form 990, Page 6, Part VI, Line 19

The governing documents are available to the general public upon request and can be picked up at the office.

Filing and Contact Details

Filer

Filer Name
Wounded Veterans Relief Fund Inc
EIN
26-2886846
Phone
5618554207
Address
300 PROSPERITY FARMS RD SUITE F, NORTH PALM BEACH, FL 33408

Signing Officer

Name
John Tassone
Title
Treasurer
Phone
5618554207
Signed
2023-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert D Chelberg
Formed
2012
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
8
Volunteers
26

Preparer

Firm
Stroemer & Company
Address
14030 METROPOLIS AVE STE 200, FORT MYERS, FL 33912
Preparer
Marc Whitfield CPA
Phone
2394331002
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to ease the burden of financial distress for eligible florida disabled veterans and their families by providing them immediate financial assistance. An eligible veteran is determined to be at least 30% disabled as determined by the va.

Form 990, Page 2, Part III, Line 4A

Wounded veterans relief fund's accomplishments in 2022 demonstrate the organization's dedication to expanding its services and making a positive impact on veterans' lives. Here's a summary of the accomplishments: expanded services: the wounded veterans relief fund continued expanding its services throughout florida reaching more veterans in need across the state. This expansion allows the organization to provide crucial support to a larger number of veterans facing eviction, homelessness, and other challenges. Referrals from county veteran service officers: the organization's partnership with county veteran service officers has strengthened, allowing for increased collaboration and referral opportunities. This partnership enhances the support network for veterans ensuring they receive the assistance they require. Dental program expansion: the wounded veterans relief fund's dental program has experienced significant growth in 2022. With over 60 dental partners in florida, the program has been able to provide essential dental care to veterans who do not qualify for va dental services. New partnership with heartland dental: the organization's partnership with heartland dental is a major milestone. This partnership brings the possibility of adding an additional 115 dentists to the network, further expanding the reach and impact of the dental program. More veterans will have access to critical dental care and treatments. These accomplishments reflect the wounded veterans relief fund's commitment to meeting the evolving needs of veterans and working collaboratively to ensure their well-being. By continually expanding services and partnerships, the organization is making a significant difference in the lives of veterans throughout florida.

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service has determined that the organization is exempt from federal income taxes under section 501(c) 3 of the internal revenue code. The organiation is a not-for-profit florida corporation and therfore is not subject to state income tax taxes. The internal revenue code provides for taxation of unrelated business income under certain circumstances. The organization reports no unrelated business taxable income, however, such status is subject to final determination upon examination of the related tax returns by the appropriate taxing authorities.

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IRS990/Desc0WOUNDED VETERANS RELIEF FUND'S ACCOMPLISHMENTS IN 2022 DEMONSTRATE THE ORGANIZATION'S DEDICATION TO EXPANDING ITS SERVICES AND MAKING A POSITIVE IMPACT ON VETERANS' LIVES. HERE'S A SUMMARY OF THE ACCOMPLISHMENTS: EXPANDED SERVICES: THE WOUNDED VETERANS RELIEF FUND CONTINUED EXPANDING ITS SERVICES THROUGHOUT FLORIDA REACHING MORE VETERANS IN NEED ACROSS THE STATE. THIS EXPANSION ALLOWS THE ORGANIZATION TO PROVIDE CRUCIAL SUPPORT TO A LARGER NUMBER OF VETERANS FACING EVICTION, HOMELESSNESS, AND OTHER CHALLENGES. REFERRALS FROM COUNTY VETERAN SERVICE OFFICERS: THE ORGANIZATION'S PARTNERSHIP WITH COUNTY VETERAN SERVICE OFFICERS HAS STRENGTHENED, ALLOWING FOR INCREASED COLLABORATION AND REFERRAL OPPORTUNITIES. THIS PARTNERSHIP ENHANCES THE SUPPORT NETWORK FOR VETERANS ENSURING THEY RECEIVE THE ASSISTANCE THEY REQUIRE. DENTAL PROGRAM EXPANSION: THE WOUNDED VETERANS RELIEF FUND'S DENTAL PROGRAM HAS EXPERIENCED SIGNIFICANT GROWTH IN 2022. WITH OVER 60 DENTAL PARTNERS IN FLORIDA, THE PROGRAM HAS BEEN ABLE TO PROVIDE ESSENTIAL DENTAL CARE TO VETERANS WHO DO NOT QUALIFY FOR VA DENTAL SERVICES. NEW PARTNERSHIP WITH HEARTLAND DENTAL: THE ORGANIZATION'S PARTNERSHIP WITH HEARTLAND DENTAL IS A MAJOR MILESTONE. THIS PARTNERSHIP BRINGS THE POSSIBILITY OF ADDING AN ADDITIONAL 115 DENTISTS TO THE NETWORK, FURTHER EXPANDING THE REACH AND IMPACT OF THE DENTAL PROGRAM. MORE VETERANS WILL HAVE ACCESS TO CRITICAL DENTAL CARE AND TREATMENTS. THESE ACCOMPLISHMENTS REFLECT THE WOUNDED VETERANS RELIEF FUND'S COMMITMENT TO MEETING THE EVOLVING NEEDS OF VETERANS AND WORKING COLLABORATIVELY TO ENSURE THEIR WELL-BEING. BY CONTINUALLY EXPANDING SERVICES AND PARTNERSHIPS, THE ORGANIZATION IS MAKING A SIGNIFICANT DIFFERENCE IN THE LIVES OF VETERANS THROUGHOUT FLORIDA.
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