MASSACHUSETTS FALLEN HEROES INC (EIN 273495087) - 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

2010

Legal Domicile

Principal Officer

MATTHEW MCKENNA

Phone

8572504273

Tax Period

2022-01-01 to 2022-12-31

MASSACHUSETTS FALLEN HEROES INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2022. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 20% operating margin.

Mission

THE MASSACHUSETTS FALLEN HEROES MEMORIAL FUND WAS FOUNDED IN 2010 BY DECORATED COMBAT VETERANS, GOLD STAR FAMILIES AND BOSTON FIREFIGHTERS WITH THE GOAL OF ERECTING A PERMANENT MEMORIAL HONORING THE MEN AND WOMEN OF MASSACUSETTS WHO GAVE THE LAST FULL MEASURE OF DEVOTION TO OUR COUNTRY SINCE 9/11. THE COMMONWEALTH OF MASSACHUSETTS HAS DESIGNATED MASS FALLEN HEROES AS THE OFFICIAL ORGANIZATION CHARGED WITH THIS RESPONSIBILITY. MASS FALLEN HEROES KNOWS, HOWEVER, THAT TO TRULY HONOR THE FALLEN AND THEIR FAMILIES, WE MUST ALSO CARE FOR THEIR FELLOW VETERANS. OVER 44,000 MASSACHUSETTS MEN AND WOMEN HAVE RISEN TO MILITARY SERVICE SINCE THE TERRORIST ATTACKS OF SEPTEMBER 11, 2001. TO SERVE OUR MASSACHUSETTS VETERANS AND FAMILIES OF THE FALLEN, MASS FALLEN HEROES PARTNERS WITH A NETWORK OF CIVILIAN, VETERAN AND NON-PROFIT ORGANIZATIONS TO PROVIDE ACCESS TO EDUCATIONAL PROGRAMS AND EMPLOYMENT, MEDICAL, LEGAL, FINANCIAL AND MENTAL HEALTH SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $466,917

Program Service Revenue $984,897

Investment Income $90,721

Other Revenue $0

TOTAL REVENUE $1,542,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,713

Fundraising Expenses $39,474

Program Expenses $1,120,218

Other Expenses $955,424

TOTAL EXPENSES $1,241,137

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,542,535	$935,516	+0.6%
Expenses	$1,241,137	$785,969	+0.6%
Net Income	$301,398	$149,547	+1.0%

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

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
MICHAEL DEVIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE GRIFFIN	CLERK	1.00	Officer Director	$0	$0	$0
ROBERT HALLINAN	ASSISTANT CL	1.00	Officer Director	$0	$0	$0
DAVID HUNT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN B HYNES III	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KELLEY	TREASURER	1.00	Officer Director	$0	$0	$0
EDWARD KELLY	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY KELLY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MCKENNA	PRESIDENT	1.00	Officer Director	$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
2022	$1,542,535	$1,241,137	$2,884,427	$301,398
2021	$935,516	$785,969	$2,788,702	$149,547
2020	$616,041	$592,113	$2,590,810	$23,928
2020	$616,641	$613,998	$2,569,524	$2,643
2019	$1,514,783	$1,228,362	$2,372,097	$286,421
2019	$1,485,428	$1,192,609	$2,378,477	$292,819

MASSACHUSETTS FALLEN HEROES INC