HEROES ON THE WATER INC (EIN 134367788) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

NEIL MULLANEY

Phone

2142954541

Tax Period

2024-01-01 to 2024-12-31

HEROES ON THE WATER INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 7% surplus.

Mission

TO PROVIDE WELLNESS AND COMMUNITY TO VETERANS FIRST RESPONDERS AND THEIR FAMILIES THROUGH NO EXPENSE KAYAK FISHING EXPERIENCES

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,842,284

Program Service Revenue $0

Investment Income $105,910

Other Revenue $0

TOTAL REVENUE $1,948,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $828,661

Fundraising Expenses $391,703

Program Expenses $1,365,384

Other Expenses $985,729

TOTAL EXPENSES $1,814,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,948,194	$2,045,754	0.0%
Expenses	$1,814,390	$1,558,231	+0.2%
Net Income	$133,804	$487,523	-0.7%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL MULLANEY	EXECUTIVE DIRECTOR	40.00	Highest	$112,750	$0	$112,750
CHRIS HAMPTON	CHAIRMAN	0.00	Officer Director	$0	$0	$0
GREG ENDO	VICE 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	DIRECTOR	0.00	Director	$0	$0	$0
BREET SHEATS	TREASURER	0.00	Officer 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
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

HEROES ON THE WATER INC