The Heartwing Center Inc

EIN: 043274078 501(c)(3)

Turners Falls, MA

Total Revenue
$620,285
Total Expenses
$600,309
Total Assets
$377,850
Net Assets
$363,009
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MA
Principal Officer
Heather Wood Treme
Phone
4138634805
Tax Period
2024-10-01 to 2025-09-30

The Heartwing Center Inc, founded in 1995, is a small nonprofit that reported $620K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $600K left a modest 3% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $507,332 Revenue: $0

To strengthen families through outreach programs, family education, positive conflict resolution, leadership development, and group empowerment in Montague, MA and surrounding communities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $610,784
Program Service Revenue $0
Investment Income $5,674
Other Revenue $3,827
TOTAL REVENUE $620,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $472,290
Fundraising Expenses $783
Program Expenses $507,332
Other Expenses $128,019
TOTAL EXPENSES $600,309

Year-over-Year Comparison

2024 2023 Change
Revenue $620,285 $529,822 +0.2%
Expenses $600,309 $520,261 +0.2%
Net Income $19,976 $9,561 +1.1%
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
5
Independent Members
5
Employees
10
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
$78,323
Total Directors
6
$78,323
Key Employees
1
$78,323
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
$78,323 $0 $78,323
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
2025 $620,285 $600,309 $377,850 $19,976
2025 $620,285 $600,309 $377,850 $19,976
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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