MASSACHUSETTS MILITARY HEROES FUND INC (EIN 261318242) - 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

THOMAS CROHAN

Phone

6174820444

Tax Period

2021-10-01 to 2022-09-30

MASSACHUSETTS MILITARY HEROES FUND INC, founded in 2007, is a small nonprofit that reported $225K in total revenue in fiscal year 2021. Revenue decreased 19% compared to the prior year. Expenses of $274K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MASSACHUSETTS MILITARY HEROES FUND IS A NON-PROFIT 501(C)(3) ORGANIZATION DEDICATED TO PROVIDING SUPPORT TO THE FAMILIES OF MILITARY PERSONNEL WITH TIES TO MASSACHUSETTS WHO HAVE DIED AS A RESULT OF ACTIVE DUTY SERVICE POST 9/11/2001.

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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 (2021)

Revenue Breakdown

Contributions & Grants $224,652

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $224,652

Expense Breakdown

Grants Paid $39,285

Salaries & Benefits $176,485

Fundraising Expenses $12,296

Program Expenses $207,244

Other Expenses $58,345

TOTAL EXPENSES $274,115

Year-over-Year Comparison

	2021	2020	Change
Revenue	$224,652	$278,097	-0.2%
Expenses	$274,115	$251,811	+0.1%
Net Income	$-49,463	$26,286	-2.9%

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

500

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

$108,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN KERRIGAN	MEMBER	0.80	Director	$0	$0	$0
CHRISTIE COOMBS	CLERK	0.80	Officer Director	$0	$0	$0
MAURA MCGOWAN YANOSICK	MEMBER	0.80	Director	$0	$0	$0
THOMAS CROHAN	PRESIDENT	0.80	Officer Director	$0	$0	$0
DAVID GUARINO	VICE PRESIDENT	0.80	Officer Director	$0	$0	$0
THOMAS DEVINE	TREASURER	0.80	Officer Director	$0	$0	$0
DIANE NEALON	EXECUTIVE DIRECTOR	30.00	Officer	$89,663	$18,931	$108,594

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
2022	$224,652	$274,115	$189,460	$-49,463
2021	$278,097	$251,811	$248,026	$26,286
2020	$228,826	$233,061	$215,408	$-4,235
2019	$311,849	$278,401	$221,567	$33,448
2018	$272,872	$315,403	$194,123	$-42,531

MASSACHUSETTS MILITARY HEROES FUND INC