The Wounded Warrior Project : Financial Management

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Wounded Warrior Project; Financial Management Within every business sector, whether for profit or nonprofit, there tends to emerge a power house that dominates all others. In the fast food industry it’s McDonalds, in retail sales it’s Walmart, and within nonprofit charities for injured service members it’s the Wounded Warrior Project, Inc. (WWP). Being in existence for only thirteen years, WWP has grown to such a large organization that it has become a common name among military organizations. However, with annual funds exceeding $300 million there are those that have started questioning WWP’s methods of handling finances. By analyzing WWPs current financial management and financial statements, along with the latest allegations and…show more content…
However, in 2009 Melia resigned from WWP due to a power struggle with employee Steve Nardizzi over the charity’s future and desires for aggressive expansion. In the last seven years under the leadership of the new Chief Executive Officer (CEO), Steve Nardizzi, WWP has grown from 50 employees with $21 million in revenue to nearly 600 employees and well over $400 million in revenue. According to WWPs Form 990 for fiscal year 2015 their mission is to “honor and empower wounded warriors. WWP’s free of charge programs engage warriors, nurture their minds and bodies, and encourage their economic empowerment” (Oliverdiz, 2016). With revenue that far exceeds other nonprofit charities serving the same demographic let’s look at the numbers and see if the data supports the mission focus. Initial Assessment A quick review of WWP’s financial statements and Form 990 will show an organization that prides itself on professionalism and accuracy. Furthermore, looking at the organizations website offers more of the same attention to detail and transparency. This is a very good thing and earned high ratings from watchdog groups such as Charity Navigator. However, depending on where you search to gain information and how you factor assets and expenses will result in various answers. For example, WWP reports on their organizational website that 75 percent of
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