If you know the height, h, from which you are dropping the mass, you simply equate the loss of potential energy of the mass equal to the strain energy of the beam.
The strain energy is given by the integral of;
M^2/2EI*dx over the length of the beam
Assuming the shape of the deflected beam is that of a load on its end, I get
M=k(L-x), where k is some constant m( the equivalent end load) to be determined. The integral becomes
k^2*(L-x)^2/2EI*dx over L which integrates to
-k^2*(L-x)^3/6EI from 0 to L=k^2*L^3/6EI which is the strain energy. Equating this to mg*h where
m= mass
h= dropping height,
you can get the value of k from which you get the maximum bending moment of kL and thence the stress. If the end deflection is not insignificant next to the dropping height you would add this to the height and iterate the solution.