NATIONAL PURPLE HEART HONOR MISSION INC

EIN: 161527055 501(c)(3) Arts, Culture & Humanities

WALDEN, NY

Total Revenue
$253,006
Total Expenses
$328,955
Total Assets
$1,540,914
Net Assets
$1,349,053
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
RICHARD D LAY
Phone
8455008857
Tax Period
2023-01-01 to 2023-12-31

NATIONAL PURPLE HEART HONOR MISSION INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $253K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $329K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO HONOR THE RECIPIENTS OF THE PURPLE HEART MEDAL, TO PAY TRIBUTE TO OUR NATION'S COMBAT WOUNDED THROUGH SPECIAL OUTREACH AND EDUCATIONAL PROGRAMMING, AND TO SUPPORT THE NATIONAL PURPLE HEART HALL OF HONOR.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $249,741
Program Service Revenue $0
Investment Income $19
Other Revenue $3,246
TOTAL REVENUE $253,006

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,000
Fundraising Expenses $13,177
Program Expenses $301,090
Other Expenses $268,955
TOTAL EXPENSES $328,955

Year-over-Year Comparison

2023 2022 Change
Revenue $253,006 $1,478,369 -0.8%
Expenses $328,955 $146,366 +1.2%
Net Income $-75,949 $1,332,003 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
50

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
4
$60,000
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL VERNON COLONELRETNYARNG EXECUTIVE DI 1.00
Officer
$60,000 $0 $60,000
RICHARD D LAY CHAIRMAN 1.00
Officer Director
$0 $0 $0
THOMAS D WEDDELL CPA TREASURER 1.00
Officer Director
$0 $0 $0
EDIE MCCOY MEEKS SECRETARY 1.00
Officer Director
$0 $0 $0
PAUL BUCHA BOARD MEMBER 1.00
Director
$0 $0 $0
COL CHARLES FARO BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK GARTLAND ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
GLEN HELLER ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
JIM KULISEK BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW KOMONCHAK BOARD MEMBER 1.00
Director
$0 $0 $0
LUKE J LYONS BOARD MEMBER 1.00
Director
$0 $0 $0
JEREMY MCVEY BOARD MEMBER 1.00
Director
$0 $0 $0
PETER M OLYMPIA JR BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL CLARINO VICE CHAIRMA 1.00
Director
$0 $0 $0
BETH JENNINGS BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN PARKER BOARD MEMBER 1.00
Director
$0 $0 $0
FELIX GARCIA III BOARD MEMBER 1.00
Director
$0 $0 $0
ERNIE RIVERA BOARD MEMBER 1.00
Director
$0 $0 $0
KEN KANNERS BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT T QUINN BOARD MEMBER 1.00
Director
$0 $0 $0
MARYKAY MESSENGER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN SERGI BOARD MEMBER 1.00
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
2024 No data No data No data No data
2023 $253,006 $328,955 $1,540,914 $-75,949
2022 $1,478,369 $146,366 $1,515,376 $1,332,003
2021 $228,178 $245,167 $93,165 $-16,989
2020 $59,997 $144,687 $130,210 $-84,690
2018 $338,361 $18,263 $430,398 $320,098
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