HOLTZ'S HEROES FOUNDATION INC FKA LOU'S LADS FOUNDATION INC (EIN 263345708) - 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

2008

Legal Domicile

Principal Officer

BRIAN L BAKER

Phone

3175020177

Tax Period

2024-01-01 to 2024-12-31

HOLTZ'S HEROES FOUNDATION INC FKA LOU'S LADS FOUNDATION INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $697K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $251K, a strong 36% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE FOR THE EDUCATIONAL NEEDS OF CHILDREN AND YOUNG ADULTS; TO CONTRIBUTE, EITHER DIRECTLY OR INDIRECTLY, MONEY OR OTHER PROPERTY OF ANY KIND TO OR FOR THE USE AND BENEFIT OF EDUCATIONAL INSTITUTIONS, PUBLIC OR PRIVATE, INCLUDING, BUT NOT LIMITED TO, PRIMARY AND SECONDARY SCHOOLS, UNIVERSITIES, COLLEGES, VOCATIONAL SCHOOLS, SEMINARIES AND OTHER TRADITIONAL EDUCATIONAL INSTITUTIONS; TO CONTRIBUTE, EITHER DIRECTLY OR INDIRECTLY, MONEY OR OTHER PROPERTY OF ANY KIND TO OR FOR THE USE AND BENEFIT OF INSTITUTIONS, ORGANIZATIONS, TRUSTS, FUNDS, FOUNDATIONS AND CORPORATIONS ENGAGED IN HEALTH CARE PROGRAMS TO ALLEVIATE THE SICK AND SUFFERING OF MANKIND, FOR FUNDING MEDICAL AND SCIENTIFIC RESEARCH FOR THE ALLEVIATION AND ERADICATION OF DISEASES OF MANKIND AND FOR FUNDING COMMUNITY DEVELOPMENT ACTIVITIES OR PROGRAMS.

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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 $567,858

Program Service Revenue $0

Investment Income $95,895

Other Revenue $33,169

TOTAL REVENUE $696,922

Expense Breakdown

Grants Paid $51,350

Salaries & Benefits $148,439

Fundraising Expenses $155,374

Program Expenses $140,510

Other Expenses $246,204

TOTAL EXPENSES $445,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$696,922	$1,539,415	-0.5%
Expenses	$445,993	$321,708	+0.4%
Net Income	$250,929	$1,217,707	-0.8%

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

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

$163,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORNELIUS SOUTHALL	PRESIDENT	0.50	Officer Director	$0	$0	$0
SCOTT PALUMBO	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BRIAN L BAKER	TREASURER & SECRETARY	2.00	Officer Director	$0	$0	$0
JUSTIN MEKO	PRESIDENT EMERITUS	0.50	Officer Director	$0	$0	$0
RANDY KINDER	PRESIDENT EMERITUS	0.50	Officer Director	$0	$0	$0
TOM GALLOWAY	PRESIDENT EMERITUS	0.50	Officer Director	$0	$0	$0
JEREMY AKERS	DIRECTOR	0.50	Director	$0	$0	$0
MICKEY ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
BERTRAND BERRY	DIRECTOR	0.50	Director	$0	$0	$0
JEROME BETTIS	DIRECTOR	0.50	Director	$0	$0	$0
STEVE BEUERLEIN	DIRECTOR	0.50	Director	$0	$0	$0
NED BOLCAR	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BUTLER	DIRECTOR	0.50	Director	$0	$0	$0
TOM CARTER	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK EILERS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN FOLEY	DIRECTOR	0.50	Director	$0	$0	$0
D'JUAN FRANCISCO	DIRECTOR	0.50	Director	$0	$0	$0
TOM GORMAN	DIRECTOR	0.50	Director	$0	$0	$0
RAGHIB ISMAIL	DIRECTOR	0.50	Director	$0	$0	$0
OSCAR MCBRIDE	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL MESSAGLIA	DIRECTOR	0.50	Director	$0	$0	$0
MARK MONAHAN	DIRECTOR	0.50	Director	$0	$0	$0
TREVOR MORRIS	DIRECTOR	0.50	Director	$0	$0	$0
WESLEY PRITCHETT	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN RATIGAN	DIRECTOR	0.50	Director	$0	$0	$0
PAT TERRELL	DIRECTOR	0.50	Director	$0	$0	$0
ROD WEST	DIRECTOR	0.50	Director	$0	$0	$0
PETER WITTY	DIRECTOR	0.50	Director	$0	$0	$0
SHAWN WOODEN	DIRECTOR	0.50	Director	$0	$0	$0
REGINALD BROOKS	EXECUTIVE DIRECTOR	40.00	Officer	$163,500	$0	$163,500

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	$696,922	$445,993	$2,364,172	$250,929
2023	$1,539,415	$321,708	$2,071,924	$1,217,707
2022	$484,386	$252,094	$762,076	$232,292
2021	$97,280	$177,657	$611,955	$-80,377
2020	$301,799	$53,461	$706,441	$248,338

HOLTZ'S HEROES FOUNDATION INC FKA LOU'S LADS FOUNDATION INC