Hooks for Heroes Inc (EIN 813298688) - 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

2016

Legal Domicile

Phone

5166607179

Tax Period

2024-01-01 to 2024-12-31

Hooks for Heroes Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $376K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $332K left a modest 12% surplus.

Mission

To provide support to veterans and first responders. More specifically, the organization will provide fishing trips to veterans and first responders who need help coping with the stress of their occupations. By doing so, Hooks for Heroes will work to support the needs of those who have placed themselves at risk in defense of the public.

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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 $375,949

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $375,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $19,405

Program Expenses $300,877

Other Expenses $331,876

TOTAL EXPENSES $331,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$375,949	$346,585	+0.1%
Expenses	$331,876	$195,478	+0.7%
Net Income	$44,073	$151,107	-0.7%

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

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
Beverlee Raiten	Board member	5.00	Director	$0	$0	$0
Andrew Doheny	Director	5.00	Director	$0	$0	$0
James Torborg	President	20.00	Officer	$0	$0	$0
Michael O'Dowd	Treasurer	5.00	Officer	$0	$0	$0
Felicia Nicholas	Secretary	5.00	Officer	$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	$375,949	$331,876	$214,092	$44,073
2023	$346,585	$195,478	$170,019	$151,107

Hooks for Heroes Inc