The 31Heroes Project

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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

2012

Legal Domicile

Principal Officer

Jill Arnone

Phone

7577499358

Tax Period

2024-01-01 to 2024-12-31

The 31Heroes Project, founded in 2012, is a small nonprofit in the Human Services sector that reported $246K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

THE 31 HEROES PROJECT EXISTS TO HONOR OUR FALLEN HEROES KILLED IN ACTION AUGUST 6, 2011 by raising money and awareness through social and athletic events to support the families of Extortion 17 and honor their legacy by funding the treatment of TBI/PTSD.

Program Service Accomplishments

Program 1

Expenses: $51,887 Revenue: $38,396

FUNDS RAISED FROM 31 HEROES WORK OUT OF THE DAY SUPPORT THE FAMILY OF THE 31 AMERICANS KILLED IN ACTION IN AFGHANISTAN ON AUGUST 6, 2011.

Program 2

Expenses: $63,429 Revenue: $53,210

31Miles for 31Heroes is a 31 mile ruck to honor the lives of the heroes of Extortion 17.

Program 3

Expenses: $88,943 Revenue: $75,438

Memorial Beach Challenge - The main Obstacle Course Challenge event is a soft-sand adventure racefeaturing Navy SEAL-approved obstacles.

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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 $35,768

Program Service Revenue $210,032

Investment Income $4

Other Revenue $0

TOTAL REVENUE $245,804

Expense Breakdown

Grants Paid $28,902

Salaries & Benefits $92,200

Fundraising Expenses $6,508

Program Expenses $236,357

Other Expenses $141,085

TOTAL EXPENSES $262,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,804	$313,197	-0.2%
Expenses	$262,187	$268,602	0.0%
Net Income	$-16,383	$44,595	-1.4%

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

100

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

$77,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jill Arnone	Executive Director	40.00	Officer	$77,000	$0	$77,000
Jason Barnes	President	2.50	Director	$0	$0	$0
JOHN WEISS	BOARD MEMBER	2.50	Director	$0	$0	$0
Vanessa Coria	BOARD MEMBER	2.50	Director	$0	$0	$0
Terry Ford	BOARD MEMBER	2.50	Director	$0	$0	$0
Robert Thorndike	BOARD MEMBER	2.50	Director	$0	$0	$0
Todd Kline	BOARD MEMBER	2.50	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
2024	$245,804	$262,187	$34,959	$-16,383
2023	$313,197	$268,602	$29,479	$44,595
2022	$284,618	$344,518	$23,504	$-59,900
2021	$329,209	$337,185	$38,659	$-7,976
2020	$150,561	$222,169	$39,967	$-71,608
2019	$206,462	$249,541	$29,353	$-43,079
2018	$188,803	$211,837	$78,785	$-23,034
2017	$165,185	$225,334	$107,142	$-60,149