Massachusetts Military Heroes Fund Inc
Nonprofit profile at a glance
- EIN
- 261318242
- IRS 990-EZ coverage
- 2009–2023
- Forms available
- Form 990 2021, Form 990-EZ 2023, Form 990-N 2007
- Location
- Charlestown, MA, USA
- Phone
- 6172830148
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $26,439
- Expenses
- $114,719
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- DIANE NEALON (EXECUTIVE DIRECTOR)
- THOMAS CROHAN (PRESIDENT)
- DAVID GUARINO (VICE PRESIDENT)
People named in this filing
- DIANE NEALON (EXECUTIVE DIRECTOR)
- THOMAS CROHAN (PRESIDENT)
- DAVID GUARINO (VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Massachusetts military heroes fund is a non-profit 501(c)(3) organization dedicated to providing support to the families of military personnel with ties to Massachusetts who have died as a result of active duty service post 9/11/2001.
What it reported doing in 2023
Clinical case management: eligible family members can meet with the staff social worker on a regular basis to help them address psychiatric obstacles to benefits and social services. Meetings will focus on coordination of services being provided by all agencies working with the family member, particularly any involved therapists. This program does not take the place of regular mental health counseling. Referrals: the Massachusetts military heroes fund can offer referrals to resources for mental health providers, military benefit advocates, legal services and financial/estate planning. Advocacy: the Massachusetts military heroes fund staff will assist family members with obtaining social services, insurance payments and other benefits which can be difficult to navigate. Community building events: the Massachusetts military heroes fund is proud to offer community support through social events designed to bring families together in an atmosphere of fun and mutual support, as well as practical "family to family" support for the recently bereaved. Basic needs program: the basic needs program of the Massachusetts military heroes fund, inc. Offers limited emergency financial assistance for military families whose ability to provide for themselves has been compromised by the grief of losing a service member in a time of war.emergency casualty assistance grants: the emergency casualty assistance program of the Massachusetts military heroes fund offers financial support to military families who are impacted by the death of an immediate family service member. Funds from this program may be used to pay for expenses related to the funeral of a family service member which are not covered by any military program or benefit.family enrichment program: the family enrichment program of the Massachusetts military heroes fund offers up to $1,000/year to eligible member households to be used for services and programs which can enrich the quality of life for post 9/11 bereaved military families. Costs eligible for reimbursement under this program are uninsured mental health counseling fees (with a licensed provider), life coaching services, career counseling fees, educational classes, tutoring, childcare expenses, camps and vocational training. Other services, programs and expenses will be considered on a case by case basis.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 2
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -333.9%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 96.4%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: -1.1% per year; rating input score 0; 49th percentile among comparable filings
- Asset growth: -1.6% per year; rating input score 0; 33rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $174K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2009 to 2023
- 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.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.