Health4Heroes
Nonprofit profile at a glance
- EIN
- 852951124
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-EZ 2024, Form 990-N 2021
- Location
- Loveland, CO, USA
- Phone
- 9706613553
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $208,045
- Expenses
- $191,885
- Assets
- $52,791
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- NICHOLAS DUNAGAN (Chairman CEO)
Highest reported compensation
- NICHOLAS DUNAGAN (Chairman CEO): $11,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Improve quality of life of those that serve by promoting physical, mental and emotional well-being.
What it reported doing in 2025
Health4Heroes provided comprehensive health & wellness programs and services to over 445 veterans, first responders and their families.
Operating model
- Revenue model
- Donor-supported. 92% 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
SUPPORTED - 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: 69
- Transparency & Controls: 90
- Accountability: 0
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.5%; rating input score 70
- Program expense ratio: 75.4%; rating input score 75
- Fundraising efficiency: $12.98 raised per $1 spent on fundraising; rating input score 44; 44th 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 0 of 8 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Missing
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.8%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.28; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 5.7%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 17.8% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 21.9% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 69.5% of revenue deployed · 75.4% of spending went to programs
- Governance: 0 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $144K in reported program spending
- Leadership: top reported pay $11K · 6 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Accountability: Governance controls: 6 of 6 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Review — Sustainability: Operating margin scored 52/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.