HEROES Inc

EIN: 526057916 501(c)(3) Crime & Legal

Chevy Chase, MD

Total Revenue
$2,411,269
Total Expenses
$1,385,554
Total Assets
$34,213,156
Net Assets
$32,863,291
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
DC
Principal Officer
John R Nichols
Phone
2026386658
Tax Period
2025-01-01 to 2025-12-31

HEROES Inc, founded in 1964, is a community nonprofit in the Crime & Legal sector that reported $2.4M in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $1.0M, a strong 43% operating margin.

Mission

HEROES' singular goal is to honor the supreme sacrifice made by law enforcement officers and firefighters who give their lives in the line of duty while ensuring the safety of citizens in the greater Washington area. We honor these fallen heroes by assisting their spouses and children, beginning within 24 hours of the tragic loss and continuing indefinitely.

Program Service Accomplishments

Program 1
Expenses: $620,642

Widows & Family Benefits Program: Under the Widows & Family Benefit Program, HEROES provides financial assistance to the immediate family members of a deceased law enforcement officer and...

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Widows & Family Benefits Program: Under the Widows & Family Benefit Program, HEROES provides financial assistance to the immediate family members of a deceased law enforcement officer and firefighters in the greater Washington area.

Program 2
Expenses: $414,620

Scholarship Program: Under the Scholarship program, HEROES provides college scholarships to the children of deceased law enforcement officers and firefighters.

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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 (2025)

Revenue Breakdown

Contributions & Grants $817,532
Program Service Revenue $0
Investment Income $1,663,928
Other Revenue $-70,191
TOTAL REVENUE $2,411,269

Expense Breakdown

Grants Paid $326,125
Salaries & Benefits $442,699
Fundraising Expenses $8,915
Program Expenses $1,035,262
Other Expenses $616,730
TOTAL EXPENSES $1,385,554

Year-over-Year Comparison

2025 2024 Change
Revenue $2,411,269 $2,778,807 -0.1%
Expenses $1,385,554 $1,316,335 +0.1%
Net Income $1,025,715 $1,462,472 -0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
16
Employees
2
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
5
$315,808
Total Directors
17
$315,808
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John R Nichols President 40.00
Officer Director
$298,670 $17,138 $315,808
Cherrie Doggett Chair Emeritus 3.00
Officer Director
$0 $0 $0
Michael Farr Chairman of the Board 3.00
Officer Director
$0 $0 $0
Kevin Virostek VP & Treasurer 3.00
Officer Director
$0 $0 $0
Michele Hagans Secretary 2.00
Officer Director
$0 $0 $0
David Julyan Legal Counsel 2.00
Director
$0 $0 $0
Roy Kapani Board Member 1.00
Director
$0 $0 $0
Gary Williams Board Member 1.00
Director
$0 $0 $0
Chris Bruch Board Member 1.00
Director
$0 $0 $0
Brett McMahon Board Member 1.00
Director
$0 $0 $0
Linda Rabbitt Board Member 1.00
Director
$0 $0 $0
Kris Wanner Board Member 1.00
Director
$0 $0 $0
Vince Burke Board Member 1.00
Director
$0 $0 $0
Don Harlan Board Member 1.00
Director
$0 $0 $0
Chirs Andreas Board Member 1.00
Director
$0 $0 $0
Bob Branson Board Member 1.00
Director
$0 $0 $0
Robert Ourisman Jr Board Member 1.00
Director
$0 $0 $0
Heather L Pace Program Officer 40.00
Highest
$104,340 $3,753 $108,093
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 $2,411,269 $1,385,554 $34,213,156 $1,025,715
2024 $2,778,807 $1,316,335 $30,736,136 $1,462,472
2023 $1,068,440 $1,264,078 $27,001,044 $-195,638
2022 $387,641 $1,162,744 $22,557,947 $-775,103
2021 $2,003,617 $1,621,914 $26,886,691 $381,703
2020 $728,015 $1,722,471 $23,402,596 $-994,456
2019 $4,646,424 $1,273,669 $22,096,230 $3,372,755
2018 $1,920,541 $1,492,039 $18,850,624 $428,502
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