HEART OF TAUNTON INC (EIN 042988356) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

EDWARD CORREIA

Phone

5088244068

Tax Period

2025-01-01 to 2025-12-31

HEART OF TAUNTON INC, founded in 1988, is a micro nonprofit in the Community Improvement sector that reported $20K in total revenue in fiscal year 2025. Revenue surged 83462% from the prior year, signaling strong growth momentum. Expenses of $22K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO REVITALIZE THE ECONOMIC. PHYSICAL AND CULTURAL IMPROVEMENT OF THE CITY OF TAUNTON, MASSACHUSETTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,190

Investment Income $40

Other Revenue $11,825

TOTAL REVENUE $20,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,658

Other Expenses $22,178

TOTAL EXPENSES $22,178

Year-over-Year Comparison

	2025	2024	Change
Revenue	$20,055	$24	+834.6%
Expenses	$22,178	$33,850	-0.3%
Net Income	$-2,123	$-33,826	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH SOARES	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN PEMBERTON	TREASURER	2.00	Officer Director	$0	$0	$0
HEATHER BRAGA	CLERK	2.00	Officer Director	$0	$0	$0
KELLEY CORREIRA	VICE PRESIDENT	1.00	Director	$0	$0	$0
RICHARD CARREIRO	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD CORREIRA	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$20,055	$22,178	$15,001	$-2,123
2024	$24	$33,850	$17,709	$-33,826
2023	$146,553	$109,055	$51,535	$37,498
2022	$19,068	$16,011	$14,035	$3,057
2021	No data	$11,207	$10,978	No data
2020	$23	$2,433	$22,185	$-2,410
2019	$24	$10,044	$24,595	$-10,020
2018	$46,397	$41,901	$34,994	$4,496

HEART OF TAUNTON INC