The Heartwing Center Inc

EIN: 043274078 501(c)(3)

Turners Falls, MA

Total Revenue
$529,822
Total Expenses
$520,261
Total Assets
$364,803
Net Assets
$343,033
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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
1995
Legal Domicile
MA
Principal Officer
Heather Wood Treme
Phone
4138634805
Tax Period
2023-10-01 to 2024-09-30

The Heartwing Center Inc, founded in 1995, is a small nonprofit that reported $530K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year.

Mission

To strengthen families through outreach, family education, positive conflict resolution, leadership development and group empowerment.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $518,687
Program Service Revenue $0
Investment Income $7,860
Other Revenue $3,275
TOTAL REVENUE $529,822

Expense Breakdown

Grants Paid $0
Salaries & Benefits $372,878
Fundraising Expenses $2,246
Program Expenses $306,097
Other Expenses $147,383
TOTAL EXPENSES $520,261

Year-over-Year Comparison

2023 2022 Change
Revenue $529,822 $662,041 -0.2%
Expenses $520,261 $527,865 0.0%
Net Income $9,561 $134,176 -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

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Governance

Voting Members
6
Independent Members
6
Employees
9
Volunteers
10

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
4
$78,495
Total Directors
6
$78,495
Key Employees
1
$78,495
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heather Wood Treme Executive Director 35.00
Officer Director Key Emp
$78,495 $0 $78,495
Gregory Pellerin President 5.00
Officer Director
$0 $0 $0
Carolyn McDaniel Secretary 1.00
Officer Director
$0 $0 $0
Linda Dagilus Treasurer 3.00
Officer Director
$0 $0 $0
Rev Stanley Aksamit Director 2.00
Director
$0 $0 $0
Elizabeth McCarthy 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
2024 $529,822 $520,261 $364,803 $9,561
2023 $662,041 $527,865 $347,228 $134,176
2022 $396,184 $384,482 $212,152 $11,702
2021 $409,391 $363,464 $197,028 $45,927
2020 $401,430 $353,558 $198,217 $47,872
2019 $325,325 $291,931 $97,488 $33,394
2018 $332,989 $314,267 $62,671 $18,722
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