Heroes On The Water

Heroes On The Water shows strong financial growth and zero executive compensation over the past decade.

EIN: 134367788 · Allen, TX · NTEE: P80 · Updated: 2026-03-28

$1.9MRevenue

$3.7MAssets

92/100Mission Score (Excellent)

P80

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.

AI Transparency Report

Heroes On The Water demonstrates strong financial health and consistent growth over the past decade. The organization has shown a remarkable increase in revenue, from $649,677 in 2014 to $2,045,754 in 2023, alongside a substantial growth in assets from $262,944 to $3,482,644 over the same period. This sustained growth indicates effective fundraising and financial management.

Spending efficiency appears to be robust, particularly in recent years. In 2023, expenses were $1,558,231 against revenues of $2,045,754, resulting in a significant surplus that contributed to asset growth. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission. This practice enhances donor confidence and reflects a high degree of financial prudence.

Transparency is excellent, primarily due to the consistent reporting of 0% officer compensation across all available filings. This level of transparency regarding executive pay, or lack thereof, is highly commendable and suggests that the organization prioritizes its mission over administrative overhead. The consistent filing history further supports its commitment to public accountability.

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.

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

Is Heroes On The Water a good charity?

Based on its financial data, Heroes On The Water appears to be a very good charity. It demonstrates strong financial health, consistent growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings.

How has Heroes On The Water's revenue grown?

Heroes On The Water's revenue has grown significantly, from $649,677 in 2014 to $2,045,754 in 2023, representing over a 200% increase in a decade.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available filings, indicating that its executive leadership is entirely volunteer-based.

Are Heroes On The Water's assets growing?

Yes, the organization's assets have grown substantially from $262,944 in 2014 to $3,482,644 in 2023, reflecting strong financial management and surpluses.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.0M	$1.6M	$3.5M	$48K	—	—
2022	$1.5M	$1.3M	$2.8M	$34K	—	View 990
2021	$1.9M	$884K	$2.8M	$9K	—	View 990
2020	$1.5M	$737K	$1.7M	$8K	—	—
2019	$975K	$583K	$899K	$20K	—	View 990
2018	$886K	$804K	$540K	$54K	—	View 990
2017	$1.0M	$1.1M	$435K	$32K	—	View 990
2016	$1.0M	$812K	$513K	$11K	—	View 990
2015	$738K	$673K	$314K	$6K	—	View 990
2014	$650K	$816K	$263K	$20K	—	View 990
2013	$562K	$416K	$437K	$28K	—	View 990
2012	$439K	$251K	$311K	$49K	—	View 990
2011	$278K	$258K	$60K	$0	—	View 990

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.

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.