HEROES ON THE WATER INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

JOSHUA STANWITZ

Phone

2142954541

Tax Period

2025-01-01 to 2025-12-31

HEROES ON THE WATER INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $485K, a strong 22% operating margin.

Mission

TO PROVIDE WELLNESS AND COMMUNITY TO VETERANS, FIRST RESPONDERS, AND THEIR FAMILIES THROUGH NO EXPENSE KAYAK FISHING. TWO PROGRAMS ARE PROVIDED THAT DECREASE ANXIETY AND STRENGTHEN RELATIONSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,068,546

Program Service Revenue $0

Investment Income $151,580

Other Revenue $0

TOTAL REVENUE $2,220,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $822,500

Fundraising Expenses $315,841

Program Expenses $1,357,436

Other Expenses $912,852

TOTAL EXPENSES $1,735,352

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,220,126	$1,948,194	+0.1%
Expenses	$1,735,352	$1,814,390	0.0%
Net Income	$484,774	$133,804	+2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$13,782

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA STANWITZ	EXECUTIVE DIRECTOR	40.00	Officer	$13,782	$0	$13,782
GREG ENDO	CHAIRMAN	0.00	Officer Director	$0	$0	$0
SAMANTHA HORWITZ	DIRECTOR	0.00	Director	$0	$0	$0
BOB BISCHOFF	SECRETARY	0.00	Officer Director	$0	$0	$0
DAVID LAMBERT	DIRECTOR	0.00	Director	$0	$0	$0
ANN PRUNTY	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
BRETT SHEATS	TREASURER	0.00	Officer Director	$0	$0	$0
MELISSA HARRIS	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTINE HILL	DIRECTOR	0.00	Director	$0	$0	$0
JAE PAK	DIRECTOR	0.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,220,126	$1,735,352	$4,403,718	$484,774
2024	$1,948,194	$1,814,390	$3,745,577	$133,804
2023	$2,045,754	$1,558,231	$3,482,644	$487,523
2022	$1,527,239	$1,346,982	$2,818,969	$180,257
2021	$1,901,734	$883,735	$2,754,673	$1,017,999
2020	$1,507,628	$736,582	$1,663,745	$771,046
2019	$974,942	$582,668	$898,590	$392,274
2018	$885,670	$803,608	$540,046	$82,062