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Healing Heroes Network (DISSOLVED)

CharityWatch rating issued
October 2015

F
CharityWatch Rating
Our independent rating based
on a number of factors.
 
9%
Program Percentage
Amount spent on programs
relative to overhead.
 
$91
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Healing Heroes Network (DISSOLVED)
31640 U.S. Hwy 19 N.
Suite #2
Palm Harbor, FL 34684

Other Names

Injured American Veterans Foundation

Tax Status

501(c)3

Stated Mission

Committed to healing America's Heroes by providing financial assistance for quality care to military personnel injured in the line of duty in Iraq or Afghanistan since 9/11/01.

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Data based on Fiscal Year Ended 12/31/2014

Program Percentage: 9%

The percentage of Healing Heroes Network (DISSOLVED)'s cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$3,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $91

How many dollars Healing Heroes Network (DISSOLVED) spends on fundraising to raise each $100 of contributions.

$2,100,000

Calculated Total Contributions

(rounded)

Joint Costs

Healing Heroes Network (DISSOLVED)'s rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
24% $68
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Healing Heroes Network IRS Form 990 26-3714861
Healing Heroes Network Audited Financial Statements 26-3714861
Entity: Healing Heroes Network
Document Type: IRS Form 990
Tax ID: 26-3714861
Entity: Healing Heroes Network
Document Type: Audited Financial Statements
Tax ID: 26-3714861

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Healing Heroes Network (DISSOLVED)
does not meet governance benchmarks.
 
Healing Heroes Network (DISSOLVED)
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Stacey Spiegel Executive Director $106,163
1
Name: Stacey Spiegel
Title: Executive Director
Compensation: $106,163

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
According to the Healing Heroes Network (HHN) audited Statement of Financial Position at December 31, 2014, HHN reports a deficit of $245,429 in unrestricted assets and a total fund balance of negative $228,461.
According to the Healing Heroes Network (HHN) audit of December 31, 2014 (Note A):

HHN received total donated gifts-in-kind valued at $13,506, consisting of program goods valued at $12,867 and goods for special events valued at $639 for the year ended December 31, 2014.

HHN also received total donated services valued at $73,801 for the year ended December 31, 2014. The donated services consisted of medical services valued at $17,700, administrative services valued at $34,745 and special event services valued at $21,356.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to the Healing Heroes Network (HHN) 2014 tax filing, Stacey Spiegel, Executive Director, and Allan Spiegel, MD, President, are board members and have a familial relationship. They also are the only two officers on the four-person Board. (See IRS Form 990 Part VII & Schedule O.)
According to the Healing Heroes Network (HHN) 2014 tax filing, HHN paid $49,549 in wages to Neal Spiegel, who has a familial relationship to the related board members (IRS Form 990 Schedule L, Parts IV & V).

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