HEALING HEROES FOUNDATION INC

EIN: 821651064 501(c)(3) Philanthropy & Grantmaking

HUDSON, MA

Total Revenue
$498,400
Total Expenses
$425,823
Total Assets
$41,187
Net Assets
$38,150
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MA
Principal Officer
JAIME NICHOLAS
Phone
5088899822
Tax Period
2025-01-01 to 2025-12-31

HEALING HEROES FOUNDATION INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $498K in total revenue in fiscal year 2025. Revenue surged 311% from the prior year, signaling strong growth momentum. Expenses of $426K left a modest 15% surplus.

Mission

TO PROMOTE HEALTH AND FITNESS TO FIRST RESPONDERS THROUGH HOCKEY WHILE RAISING AWARENESS AND FUNDS FOR MANY DIFFERENT CHARITIES.

Program Service Accomplishments

Program 1
Expenses: $390,140

THE BFIT HEROES CUP IS A WEEKEND LONG EVENT DESIGNED TO BRING FIREFIGHTERS, POLICE OFFICERS, EMS, AND MILITARY MEMBERS TOGETHER IN A FUN WEEKEND TO RAISE MONEY AND AWARENESS FOR MULTIPLE CHARITIES.

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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 $495,377
Program Service Revenue $0
Investment Income $0
Other Revenue $3,023
TOTAL REVENUE $498,400

Expense Breakdown

Grants Paid $203,162
Salaries & Benefits $37,109
Fundraising Expenses $16,219
Program Expenses $390,140
Other Expenses $185,552
TOTAL EXPENSES $425,823

Year-over-Year Comparison

2025 2024 Change
Revenue $498,400 $121,147 +3.1%
Expenses $425,823 $130,219 +2.3%
Net Income $72,577 $-9,072 -9.0%
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

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Governance

Voting Members
5
Independent Members
3
Employees
2
Volunteers
25

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
4
$35,000
Total Directors
5
$35,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD JOHN NICHOLAS PRESIDENT 20.00
Officer Director
$17,500 $0 $17,500
ROBERT DESMOND TREASURER 2.00
Officer Director
$0 $0 $0
JAIME NICHOLAS CLERK 20.00
Officer Director
$17,500 $0 $17,500
PAUL NICHOLAS DIRECTOR 2.00
Director
$0 $0 $0
JACKLYN LANE ASST CLERK/DIRECTOR 2.00
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
2025 $498,400 $425,823 $41,187 $72,577
2023 $437,840 $497,788 $4,786 $-59,948
2022 $430,105 $420,832 $41,594 $9,273
2021 $488,307 $440,986 $30,621 $47,321
2019 $414,047 $414,007 $18,871 $40
2018 $332,285 $329,685 $8,889 $2,600
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