THE HEROES PROJECT

EIN: 271288926 501(c)(3) Public & Societal Benefit

LOS ANGELES, CA

Total Revenue
$285,068
Total Expenses
$989,398
Total Assets
$1,505,321
Net Assets
$1,505,321
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
DC
Principal Officer
TIM MEDVETZ
Phone
3102774657
Tax Period
2024-01-01 to 2024-12-31

THE HEROES PROJECT, founded in 2009, is a small nonprofit in the Public & Societal Benefit sector that reported $285K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $989K exceeded revenue, resulting in a 247% operating deficit.

Mission

TO REHABILITATE VETERANS OF THE U.S. MILITARY WHO WERE WOUNDED IN THE LINE OF DUTY, TO ADVOCATE VETERAN REHABILITATION AND TO EDUCATE THE PUBLIC ON VETERAN REHABILITATION.

Program Service Accomplishments

Program 1
Expenses: $863,186

THE ORGANIZATION'S MAIN PROGRAM IS TO AID WOUNDED VETERANS IN CLIMBING SOME OF THE WORLD'S TALLEST MOUNTAIN PEAKS. PRIOR TO 2020, TWO SPECIFIC PROGRAMS WERE IN PLACE - OPERATION 7 SUMMITS AND...

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THE ORGANIZATION'S MAIN PROGRAM IS TO AID WOUNDED VETERANS IN CLIMBING SOME OF THE WORLD'S TALLEST MOUNTAIN PEAKS. PRIOR TO 2020, TWO SPECIFIC PROGRAMS WERE IN PLACE - OPERATION 7 SUMMITS AND OPERATION 7 VOLCANOES. OPERATION 7 SUMMITS STARTED IN THE SUMMER OF 2010 CLIMBING MT. DENALI IN ALASKA. THE MOST RECENT MISSION FOR OPERATION 7 SUMMITS WAS THE CARSENSZ PYRAMID IN OCTOBER 2017. OPERATION 7 VOLCANOES STARTED IN 2015 AND THE TWO MOST RECENT MISSIONS FOR OPERTATION 7 VOLCANOES WERE OJOS DEL SALADO IN ARGENTINA IN MARCH 2018 AND MT. ELBRUS IN RUSSIA IN OCTOBER 2019.DUE TO THE WORLDWIDE PANDEMIC, THESE CLIMBING PROGRAMS WERE SUSPENDED. IN THEIR PLACE, THE ORGANIZATION HOLDS AN ANNUAL EVENT AT MT. BALDY -- CLIMB FOR HEROES. THE CLIMB FOR HEROES PROGRAM HAS SUPPORTERS AND VETERANS CLIMB THE SUMMIT OF MT. BALDY TOGETHER. THIS EVENT IS HELD ON VETERANS DAY WEEKEND ANNUALLY. AS PART OF THIS PROGRAM, TRAINING AND CONTINUING EDUCATION IS DONE FOR THE GUIDES WORKING WITH THE VETERANS. THE OTHER MAJOR PROGRAM IS THE BUILDING OF A VETERAN RETREAT CENTER ("VRC") AT THE BASE OF MT. BALDY TO PROVIDE A TRAINING GROUND FOR THE VETERANS. AN OFFICIAL GROUND-BREAKING CEREMONY TOOK PLACE ON JULY 4, 2023, AND CONSTRUCTION ON THE VRC WILL CONTINUE OVER A COUPLE OF YEARS. WHEN THE VRC CONSTRUCTION IS COMPLETED, ADDITIONAL PROGRAMS ARE BEING LAUNCHED. THE PLANNING PHASE FOR THESE FUTURE PROGRAMS IS UNDER WAY WHILE THE VRC IS UNDER CONSTRUCTION.

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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 $285,068
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $285,068

Expense Breakdown

Grants Paid $0
Salaries & Benefits $793,785
Fundraising Expenses $29,316
Program Expenses $863,186
Other Expenses $195,613
TOTAL EXPENSES $989,398

Year-over-Year Comparison

2024 2023 Change
Revenue $285,068 $448,570 -0.4%
Expenses $989,398 $354,606 +1.8%
Net Income $-704,330 $93,964 -8.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
3
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
0
$0
Total Directors
4
$709,799
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM MEDVETZ DIRECTOR 40.00
Director
$697,799 $0 $697,799
RICHARD STARK BOARD DIRECTOR 10.00
Director
$0 $0 $0
SCOTT ROSEN BOARD DIRECTOR 10.00
Director
$0 $0 $0
JENNIFER SAILER BOARD DIRECTOR 10.00
Director
$12,000 $0 $12,000
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 $285,068 $989,398 $1,505,321 $-704,330
2023 $448,570 $354,606 $2,209,651 $93,964
2022 $1,241,796 $314,404 $2,115,687 $927,392
2021 $343,533 $244,377 $1,188,295 $99,156
2020 $200,792 $210,099 $1,089,328 $-9,307
2019 $713,858 $424,081 $1,098,973 $289,777
2018 $699,305 $418,562 $808,847 $280,743
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