HEROES FOR HOPE (FORMERLY NICHOLSON CANCER FUND) (EIN 208596490) - Form 990 Financial Analysis & Trantor Score

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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

CONSTANCE NICHOLSON

Phone

4125825310

Tax Period

2024-01-01 to 2024-12-31

HEROES FOR HOPE (FORMERLY NICHOLSON CANCER FUND), founded in 2007, is a micro nonprofit in the Diseases & Disorders sector that reported $94K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $115K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO RAISE FUNDS THROUGH AN ANNUAL MEMORIAL MOTORCYCLE RIDE AND OTHER FUNDRAISING ACTIVITIES FOR THE PURPOSE OF PROVIDING FINANCIAL ASSISTANCE TO LOCAL CANCER PATIENTS AND THEIR FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $29,463

Program Service Revenue $26,330

Investment Income $59

Other Revenue $37,954

TOTAL REVENUE $93,806

Expense Breakdown

Grants Paid $110,348

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,893

Other Expenses $5,028

TOTAL EXPENSES $115,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,806	$112,827	-0.2%
Expenses	$115,376	$145,097	-0.2%
Net Income	$-21,570	$-32,270	-0.3%

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

N/A

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 BROWN	PRESIDENT	2.00	Officer	$0	$0	$0
CONSTANCE NICHOLSON	VICE PRESIDENT	15.00	Officer	$0	$0	$0
EDWARD SHAWN NICHOLSON	SECRETARY	2.00	Officer	$0	$0	$0
WESTON NICHOLSON	TREASURER	2.00	Officer	$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	$93,806	$115,376	$119,046	$-21,570
2023	$112,827	$145,097	$140,616	$-32,270
2022	$99,485	$132,340	$172,886	$-32,855
2021	$123,423	$96,193	$205,741	$27,230
2020	$119,180	$97,536	$178,511	$21,644

HEROES FOR HOPE (FORMERLY NICHOLSON CANCER FUND)