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Indiana · Nonprofit

TEAM RED WHITE & BLUE INC

TEAM RED WHITE & BLUE INC (Indiana) receives grants from 103 organizations whose IRS filings report $28,354,437 to it, the largest being THE MARCUS FOUNDATION INC ($8,000,000). 53 of them have funded it in more than one year.

Revenue FY2025
$9.8M
Funders on record
103
Grants received
$28M
Net assets
$15M
53/103 repeat funderspeak grant-dependency 85%
01What it does

What Team Red White & Blue Inc does

Mission

Team rwb's mission is to enrich veterans' lives by forging america's leading veteran health and wellness community.

As stated on its FY2025 Form 990.

Programs

  1. Team rwb's digital garrison is the organization's always-on community powered by the team rwb app. The platform gives veterans a place to connect, stay active, and build meaningful relationships every day. In 2025, the app engaged more than 30,300 members, generating over 715,000 in-app social interactions and 116,000 posts shared across the community. Key offerings include certified-led activity groups, structured wellness challenges, and the enriched life scale, a self-assessment tool that provides personalized wellness recommendations. The digital garrison ensures members stay connected and engaged between in-person events.

    $1,800,376 spent
    40% of program spending
  2. Team rwb's ground operations program is a nationwide network of in-person events and local chapter activities that brings veterans and their communities together. In 2025, team rwb chapters and volunteer leaders hosted nearly 15,000 in-person events. Activities ranged from group runs, rucks, and fitness meetups to service projects and monthly mission events designed to honor military history. The program also included eagle expeditions which are immersive, multi-day experiences designed to strengthen resilience and camaraderie. Ground operations ensures veterans always have a local community where they can train, serve, and belong.

    $1,239,631 spent
    27% of program spending
  3. The health and wellness scholarship fund supports veterans and service members pursuing certifications in fitness, coaching, and wellness. In 2025, team rwb awarded 131 scholarships totaling $710,000 in funding, with an average award of $5,400. 75 percent of scholarships went to frontline volunteer leaders. Recipients earn certifications that qualify them to lead workouts, organize events, and mentor other veterans within team rwb chapters. This program strengthens the overall veteran community by investing in the leaders who power it.

    $778,535 spentof which $709,850 as grants
    17% of program spending
  4. Other program services, not described on the e-filed return.

    $720,412 spent
    16% of program spending

The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $4,538,954.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($6.8M) Expenses 100 ($4.8M) Net assets 100 ($4.5M)2018 Revenue 75 ($5.1M) Expenses 110 ($5.3M) Net assets 94 ($4.2M)2019 Revenue 60 ($4.1M) Expenses 129 ($6.2M) Net assets 51 ($2.3M)2020 Revenue 79 ($5.4M) Expenses 74 ($3.6M) Net assets 91 ($4.1M)2021 Revenue 84 ($5.7M) Expenses 90 ($4.4M) Net assets 125 ($5.6M)2022 Revenue 152 ($10M) Expenses 108 ($5.2M) Net assets 227 ($10M)2023 Revenue 79 ($5.4M) Expenses 122 ($5.9M) Net assets 221 ($10.0M)2024 Revenue 94 ($6.4M) Expenses 124 ($6.0M) Net assets 232 ($10M)2025 Revenue 144 ($9.8M) Expenses 119 ($5.7M) Net assets 329 ($15M)
'17'18'19'20'21'22'23'24'25
Revenue (144)Expenses (119)Net assets (329)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $5.7M to $10M (+83%).

$4.7M
$4.3M
$2.3M
$4.3M
$5.7M
$10M
$10M
$11M
$15M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 12%. Grants only. Government contracts and fees sit inside program revenue.

107% of TEAM RED WHITE & BLUE INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (88% for the typical peer).

This organization
Typical peer · 1,093 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$1.9M
’17
−$234k
’18
−$2.2M
’19
$1.8M
’20
$1.3M
’21
$5.1M
’22
−$558k
’23
$389k
’24
$4.0M
’25
2.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Michael Sullivan

Executive director

Board chair

Chris Johnson

Chairman of the board

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2019 and FY2020, and between the FY2024 and FY2025 filings.

'17'18'19'20'21'22'23'24'25
Listed181518141313131818
Joined·+2+3+2+3+3+3+5+3
No longer listed·50643303
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 25 funders to 34 funders, grant income rose $1.5M → $3.3M.

23 of 103 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 33% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of TEAM RED WHITE & BLUE INC’s funders (the co-funder graph). Top 30 of 103 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

TEAM RED WHITE & BLUE INC leans on a few funders — its largest provides 28% of grant income and the top three 61%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

53% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund TEAM RED WHITE & BLUE INC.

28%
largest funder
61%
top three
~7
effective funders

Largest funder’s share by year: 2017 34% · 2018 38% · 2019 31% · 2020 60% · 2021 56% · 2022 68% · 2023 53% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

35% of TEAM RED WHITE & BLUE INC's funders are still giving 3 years after their first grant; 51% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

TEAM RED WHITE & BLUE INC draws 84% of its grant income from funders outside Indiana, across 30 states in all.

WA
MN
IL
WI
MI
NY
MA
NV
WY
IN
OH
PA
NJ
CT
RI
CA
CO
NE
MO
KY
VA
MD
AZ
AR
TN
NC
SC
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. $9.4M arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

TEAM RED WHITE & BLUE INC runs a healthier operating margin than three-quarters of the 543 public benefit nonprofits its size.

Operating margin41% · top quartile
Months of reserve2.6mo · below the median
Revenue growth (annualized)5% · below the median

this organization peer median middle 50% of peers· 543 public benefit nonprofits $1M–$10M, FY2025

Organizations like TEAM RED WHITE & BLUE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

79% of spending goes to programs.

Program 79%Management 9%Fundraising 12%

Governance

10
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990✓Audited financials

Public support

81%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

KY

Screen this organization

A dated, signed PDF of the compliance screen for TEAM RED WHITE & BLUE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds TEAM RED WHITE & BLUE INC?
TEAM RED WHITE & BLUE INC (Indiana) receives grants from 103 organizations whose IRS filings report $28,354,437 to it, the largest being THE MARCUS FOUNDATION INC ($8,000,000). 53 of them have funded it in more than one year.
How many funders does TEAM RED WHITE & BLUE INC have?
IRS filings report 103 organizations giving $28,354,437 in grants to TEAM RED WHITE & BLUE INC, 53 of which have funded it in more than one year.
Who is the largest funder of TEAM RED WHITE & BLUE INC?
THE MARCUS FOUNDATION INC is the largest funder on record, with $8,000,000 in grants. The full list of funders is on this page.
How can an organization like TEAM RED WHITE & BLUE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Team Red White & Blue →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 103 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing