Hbot 4 Heroes
Nonprofit profile at a glance
- EIN
- 923494632
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025
- Location
- Durham, NC, USA
- Phone
- 9193543740
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Health Support Services
Reported finances
- Revenue
- $151,641
- Expenses
- $252,275
- Assets
- $41,881
- Liabilities
- $3,805
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- EDWARD R DI GIROLAMO (BOARD CHAIRM)
- XAVIER A FIGUEROA PHD (VICE CHAIRMA)
- EDWARD F FOGARTY MD (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hbot4heroes mission is to enhance the quality and longevity of life for our nations heroes by expanding access (through therapy funding) to hbot clinics, capitalizing on success of holistic therapies through hbot clinics while empowering professionals in the mission to support local and statewide veteran groups.
What it reported doing in 2025
During 2024 and into 2025, hbot 4 heroes was the honored receipient of funding made available to the community foundation of nc east, inc. "cfnc east", who served as the recipient and grant fiduciary of this funding. The funding sources were made available to cfnc east by the state of North Carolina through programs that consisted of the state budget program as well as the arpa grant program. This funding allowed hbot 4 heroes to materially enhance our ability to provide for hyperbaric oxygen therapies to our veterans in need. Hbot 4 heroes was able to fund these services for approximately 230 veterans which included approximately 5,287 hyperbaric oxygen therapy treatments. The funding of these treatments are focused on improving veterans' cognitive performance and emotional well-being, reducing symptions associated with ptsd and tbi, and ultimately aiming to decrease suicide ideation among this population. During 2024 hbot 4 heroes received 910,000 with the remaining 10,000 of the funding received in early 2025. During 2025 - hbot 4 heroes was able to use all remaining funds to further provide for funding for hyperbaric therapy for veteran treatments. Hbot 4 heroes did not retain any funding with 100% of the amounts received going directly for the benefit of our veterans.
Operating model
- Revenue model
- Donor-supported. 71% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 15
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 71.9%; rating input score 72
- Fundraising efficiency: $2.97 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -66.4%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 21% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: -16.9% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 71.9% of spending went to programs
- Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $181K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Highest-paid contractors: 1 contractor listed · $132K reported
- Consistency: 21 of 21 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.