House of Heroes Connecticut Chapter Inc (EIN 454794687) - 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

2012

Legal Domicile

Principal Officer

Steven Cavanaugh

Phone

2034945638

Tax Period

2024-01-01 to 2024-12-31

House of Heroes Connecticut Chapter Inc, founded in 2012, is a small nonprofit that reported $379K in total revenue in fiscal year 2024. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 45% operating margin.

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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 $358,972

Program Service Revenue $0

Investment Income $16,375

Other Revenue $3,600

TOTAL REVENUE $378,947

Expense Breakdown

Grants Paid $181

Salaries & Benefits $43,864

Fundraising Expenses $49,924

Program Expenses $131,295

Other Expenses $164,854

TOTAL EXPENSES $208,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$378,947	$157,146	+1.4%
Expenses	$208,899	$261,649	-0.2%
Net Income	$170,048	$-104,503	-2.6%

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

N/A

Volunteers

700

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

$42,609

Total Directors

$43,864

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dennis Buden	Sr Advisor, Director	20.00	Officer Director	$26,075	$0	$26,075
Art O'Leary	Attorney Retired	3.00	Director	$0	$0	$0
Salvatore Bordonaro	Treasurer	8.00	Officer Director	$0	$0	$0
Christopher Daigle	Director	4.00	Director	$1,255	$0	$1,255
Carol May	Executive Director	25.00	Officer Director	$16,534	$0	$16,534
Kathy Hoyt	Director	2.00	Director	$0	$0	$0
Frederick Miller	Director	1.00	Director	$0	$0	$0
Kerry Worsencroft	Secretary	1.00	Officer Director	$0	$0	$0
Paul Hoar	Director	2.00	Director	$0	$0	$0
Steven Cavanaugh	President	12.00	Officer Director	$0	$0	$0
Jeff Wolcheski	Director	4.00	Director	$0	$0	$0
Jackie Lovett	Director	4.00	Director	$0	$0	$0
Annie Yeomans	Director	4.00	Director	$0	$0	$0
Larry Fitzgerald	Director	1.00	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
2025	No data	No data	No data	No data
2024	$378,947	$208,899	$668,333	$170,048
2023	$157,146	$261,649	$506,564	$-104,503
2022	$623,763	$182,250	$605,878	$441,513
2022	$623,763	$182,250	$605,878	$441,513
2021	$172,775	$104,244	$165,515	$68,531
2020	$152,787	$149,772	$95,353	$3,015
2019	$169,813	$160,042	$100,008	$9,771
2019	$169,813	$160,041	$100,008	$9,772
2018	$188,521	$184,712	$116,746	$3,809
2018	$188,521	$184,704	$116,746	$3,817

House of Heroes Connecticut Chapter Inc