Connors Heroes Foundation
Connors Heroes Foundation shows consistent growth and strong financial health with no reported officer compensation.
EIN: 204992632 · Richmond, VA · NTEE: G30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $762K |
| Program Spending | 80% |
| Net Assets | $647K |
| Transparency Score | 88/100 |
Is Connors Heroes Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connors Heroes Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connors Heroes Foundation
Connors Heroes Foundation (EIN: 204992632) is a nonprofit organization based in Richmond, VA, classified under NTEE code G30. The organization reported total revenue of $1.1M and total assets of $630K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connors Heroes Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connors Heroes Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $767K |
| Total Expenses | $762K |
| Surplus / Deficit | +$6K |
| Total Assets | $655K |
| Total Liabilities | $9K |
| Net Assets | $647K |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 10.3 months |
Financial Health Grade: A
In 2023, Connors Heroes Foundation reported a surplus of $6K with revenue exceeding expenses, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Connors Heroes Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.1% | +8.9% | +7.9% |
| 2022 | +73.3% | +12.3% | +24.9% |
| 2021 | -14.8% | +42.7% | -14.8% |
| 2020 | +16.8% | +6.8% | +54.7% |
| 2019 | +38.8% | +7.8% | +52.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Connors Heroes Foundation with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Connors Heroes Foundation allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Connors Heroes Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer channels, which is highly favorable for donor perception and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Connors Heroes Foundation:
- Consistent revenue growth over the past decade, from $265,443 in 2014 to $767,485 in 2023.
- Strong asset growth, increasing from $125,633 in 2014 to $655,473 in 2023.
- Extremely low liabilities, with only $8,656 reported in 2023, indicating minimal financial risk.
- 0% officer compensation reported across all 13 filings, suggesting efficient use of funds and potentially volunteer leadership.
- Positive net income in most recent years, demonstrating sustainable financial management (e.g., 2023 revenue $767,485 vs. expenses $761,864).
Frequently Asked Questions about Connors Heroes Foundation
Is Connors Heroes Foundation a legitimate charity?
Connors Heroes Foundation (EIN: 204992632) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Connors Heroes Foundation spend its money?
Connors Heroes Foundation directs 80% of its spending to programs and services. Fundraising costs 8%. This exceeds the 65% industry benchmark.
Are donations to Connors Heroes Foundation tax-deductible?
Connors Heroes Foundation is registered as a tax-exempt nonprofit (EIN: 204992632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Connors Heroes Foundation's spending goes to programs?
Connors Heroes Foundation directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Connors Heroes Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Connors Heroes Foundation is above average for NTEE category G30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Connors Heroes Foundation located?
Connors Heroes Foundation is headquartered in Richmond, Virginia and files with the IRS under EIN 204992632. It is classified under NTEE code G30.
How many years of IRS 990 filings does Connors Heroes Foundation have?
Connors Heroes Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Is Connors Heroes Foundation a good charity?
Based on the available financial data, Connors Heroes Foundation appears to be a good charity. They demonstrate consistent revenue growth, maintain low liabilities (e.g., $8,656 in 2023), and have reported 0% officer compensation across all filings, suggesting efficient use of funds and strong financial stewardship.
How has the organization's financial health changed over time?
The organization has shown significant financial growth and improved health over time. Revenue increased from $265,443 in 2014 to $767,485 in 2023 (with latest reported revenue at $1,140,932), and assets grew from $125,633 in 2014 to $655,473 in 2023, indicating a strong and expanding financial base.
What is the trend in their expenses versus revenue?
Connors Heroes Foundation generally manages its expenses well relative to revenue. In most recent years, revenue has exceeded or closely matched expenses (e.g., 2023 revenue of $767,485 vs. expenses of $761,864), indicating sustainable operations and a positive net income.
Filing History
IRS 990 filing history for Connors Heroes Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connors Heroes Foundation's revenue has grown by 336.3%, moving from $176K to $767K. Total assets increased by 2966.8% over the same period, from $21K to $655K. Total functional expenses rose by 276.3%, from $202K to $762K. In its most recent filing year (2023), Connors Heroes Foundation reported a surplus of $6K, with revenue exceeding expenses. The organization holds $9K in liabilities against $655K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $647K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $767K | $762K | $655K | $9K | — | — |
| 2022 | $883K | $700K | $608K | $9K | — | View 990 |
| 2021 | $509K | $623K | $486K | $5K | — | View 990 |
| 2020 | $597K | $436K | $571K | $0 | — | View 990 |
| 2019 | $512K | $408K | $369K | $0 | — | View 990 |
| 2018 | $368K | $379K | $242K | $659 | — | View 990 |
| 2017 | $390K | $340K | $252K | $0 | — | View 990 |
| 2016 | $379K | $360K | $202K | $0 | — | View 990 |
| 2015 | $314K | $257K | $183K | $0 | — | View 990 |
| 2014 | $265K | $214K | $126K | $0 | — | View 990 |
| 2013 | $301K | $279K | $74K | $0 | — | View 990 |
| 2012 | $259K | $227K | $54K | $0 | — | View 990 |
| 2011 | $176K | $202K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $767K, expenses of $762K, and assets of $655K (revenue -13.1% year-over-year).
- 2022: Revenue of $883K, expenses of $700K, and assets of $608K (revenue +73.3% year-over-year).
- 2021: Revenue of $509K, expenses of $623K, and assets of $486K (revenue -14.8% year-over-year).
- 2020: Revenue of $597K, expenses of $436K, and assets of $571K (revenue +16.8% year-over-year).
- 2019: Revenue of $512K, expenses of $408K, and assets of $369K (revenue +38.8% year-over-year).
- 2018: Revenue of $368K, expenses of $379K, and assets of $242K (revenue -5.5% year-over-year).
- 2017: Revenue of $390K, expenses of $340K, and assets of $252K (revenue +2.9% year-over-year).
- 2016: Revenue of $379K, expenses of $360K, and assets of $202K (revenue +20.7% year-over-year).
- 2015: Revenue of $314K, expenses of $257K, and assets of $183K (revenue +18.3% year-over-year).
- 2014: Revenue of $265K, expenses of $214K, and assets of $126K (revenue -11.7% year-over-year).
- 2013: Revenue of $301K, expenses of $279K, and assets of $74K (revenue +16.0% year-over-year).
- 2012: Revenue of $259K, expenses of $227K, and assets of $54K (revenue +47.3% year-over-year).
- 2011: Revenue of $176K, expenses of $202K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connors Heroes Foundation:
Data Sources and Methodology
This transparency report for Connors Heroes Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.