Ride 2 Recovery dba Project Hero

EIN: 202252840 501(c)(3) Recreation & Sports

San Diego, CA

Total Revenue
$802,868
Total Expenses
$685,236
Total Assets
$342,732
Net Assets
$342,731
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
Officer
Phone
6197382210
Tax Period
2024-01-01 to 2024-12-31

Ride 2 Recovery dba Project Hero, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $803K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $685K left a modest 15% surplus.

Mission

A national non-profit organization dedicated to helping Veterans and First Responders affected by PTSD, TBI and injury achieve rehabilitation, recovery, and resilience in their daily lives and increasing awareness to combat the national mental health emergency posed by PTSD and TBI. Project Hero programs including Ride 2 Recovery events and Project Hero HUB Community Centers produce positive outcomes at lower costs and reduce drug-based therapies. The organization also builds and provides adaptive bikes to physically-challenged and injured Veterans and First Responders and founded the Project Hero Institute for Mental Health to support clinical research programs in 2016.

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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 (2024)

Revenue Breakdown

Contributions & Grants $797,401
Program Service Revenue $0
Investment Income $5,467
Other Revenue $0
TOTAL REVENUE $802,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $240,222
Fundraising Expenses $60,094
Program Expenses $586,587
Other Expenses $445,014
TOTAL EXPENSES $685,236

Year-over-Year Comparison

2024 2023 Change
Revenue $802,868 $650,694 +0.2%
Expenses $685,236 $725,729 -0.1%
Net Income $117,632 $-75,035 -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

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
N/A
Employees
3
Volunteers
23

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
1
$124,250
Total Directors
1
$124,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Todd Setter President 50.00
Officer Director
$124,250 $0 $124,250
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 $802,868 $685,236 $342,732 $117,632
2023 $650,694 $725,729 $228,208 $-75,035
2023 $650,694 $725,729 $228,208 $-75,035
2022 $713,105 $722,442 $220,007 $-9,337
2020 $384,715 $470,540 $288,780 $-85,825
2019 $380,948 $368,304 $458,243 $12,644
2018 $2,217,685 $2,391,614 $369,483 $-173,929
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