Heroes On The Water

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Heroes On The Water Form 990, Revenue, CEO Pay, and IRS Filing Signals

Heroes On The Water is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Heroes On The Water in one place.

Is Heroes On The Water Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Heroes On The Water shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Heroes On The Water with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Heroes On The Water directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Heroes On The Water

Heroes On The Water (EIN: 134367788) is a nonprofit organization based in Allen, TX, classified under NTEE code P80. The organization reported total revenue of $1.9M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heroes On The Water's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Heroes On The Water is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Heroes On The Water reported a surplus of $488K with revenue exceeding expenses, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Heroes On The Water's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.

IRS Tax-Exempt Classification

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 Heroes On The Water with a Mission Score of 92 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Heroes On The Water allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $488K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.4%.

Executive Compensation Analysis

Heroes On The Water consistently reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis, which is highly unusual and commendable for an organization with revenues exceeding $2 million.

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 Heroes On The Water:

• Consistent revenue growth, from $649,677 in 2014 to $2,045,754 in 2023.
• Zero officer compensation reported across all 13 filings, indicating volunteer leadership.
• Significant asset growth, from $262,944 in 2014 to $3,482,644 in 2023.
• Positive net income in most recent years, contributing to financial stability.
• Low liabilities relative to assets, indicating strong financial health.

Frequently Asked Questions about Heroes On The Water

Filing History

IRS 990 filing history for Heroes On The Water showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Heroes On The Water's revenue has grown by 634.8%, moving from $278K to $2.0M. Total assets increased by 5695.6% over the same period, from $60K to $3.5M. Total functional expenses rose by 505%, from $258K to $1.6M. In its most recent filing year (2023), Heroes On The Water reported a surplus of $488K, with revenue exceeding expenses. The organization holds $48K in liabilities against $3.5M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $3.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.0M, expenses of $1.6M, and assets of $3.5M (revenue +34.0% year-over-year).
• 2022: Revenue of $1.5M, expenses of $1.3M, and assets of $2.8M (revenue -19.7% year-over-year).
• 2021: Revenue of $1.9M, expenses of $884K, and assets of $2.8M (revenue +26.1% year-over-year).
• 2020: Revenue of $1.5M, expenses of $737K, and assets of $1.7M (revenue +54.6% year-over-year).
• 2019: Revenue of $975K, expenses of $583K, and assets of $899K (revenue +10.1% year-over-year).
• 2018: Revenue of $886K, expenses of $804K, and assets of $540K (revenue -11.7% year-over-year).
• 2017: Revenue of $1.0M, expenses of $1.1M, and assets of $435K (revenue -0.4% year-over-year).
• 2016: Revenue of $1.0M, expenses of $812K, and assets of $513K (revenue +36.5% year-over-year).
• 2015: Revenue of $738K, expenses of $673K, and assets of $314K (revenue +13.5% year-over-year).
• 2014: Revenue of $650K, expenses of $816K, and assets of $263K (revenue +15.7% year-over-year).
• 2013: Revenue of $562K, expenses of $416K, and assets of $437K (revenue +27.9% year-over-year).
• 2012: Revenue of $439K, expenses of $251K, and assets of $311K (revenue +57.8% year-over-year).
• 2011: Revenue of $278K, expenses of $258K, and assets of $60K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Heroes On The Water:

Data Sources and Methodology

This transparency report for Heroes On The Water 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.