HEARTH BEACON INC (EIN 043446044) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

RHONDA PIERONI

Phone

6173691550

Tax Period

2023-01-01 to 2023-12-31

HEARTH BEACON INC is a 501(c)(3) with EIN 043446044, based in BOSTON, MA. Founded in 1993, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $277,194 in total revenue and $257,156 in total expenses, with net assets of $-597,722.

Mission

BEACON IS DEDICATED TO THE ELIMINATION AMONG ELDER HOMELESSNESS. THIS MISSION IS ACCOMPLISHED THROUGH A UNIQUE BLEND OF PREVENTION, PLACEMENT, AND HOUSING PROGRAMS ALL DESIGNED TO HELP ELDERS FIND AND SUCCEED IN HOMES OF THEIR OWN. TO THIS END, THE HOUSING PROVIDES A CREATIVE ARRAY OF SUPPORTIVE SERVICES THAT ASSISTS RESIDENTS TO AGE WITH DIGNITY, REGARDLESS OF THEIR SPECIAL MEDICAL, MENTAL HEALTH, OR SOCIAL NEEDS. THESE GOALS ARE BEST ACCOMPLISHED THROUGH RESPECT FOR ELDERS AND STAFF, WITH THE DESIRE TO SEE BOTH ACHIEVE THEIR HIGHEST DEGREE OF POTENTIAL.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $276,707

Investment Income $487

Other Revenue $0

TOTAL REVENUE $277,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,111

Fundraising Expenses $0

Program Expenses $216,616

Other Expenses $214,045

TOTAL EXPENSES $257,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,194	$222,599	+0.2%
Expenses	$257,156	$228,011	+0.1%
Net Income	$20,038	$-5,412	-4.7%

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

$443,055

Total Directors

$305,796

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK D HINDERLIE	PRESIDENT & CEO (UNTIL 11/2023)	38.00	Officer Director	$0	$5,451	$164,241
RHONDA PIERONI	CAO/PRES. & CEO (AS OF 11/23)	38.00	Officer Director	$0	$10,124	$141,555
DOUGLASS POUTASSE	CHAIR	2.00	Officer Director	$0	$0	$0
ALVETA HAYNES	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
GREGORY MANOUSOS	TREASURER	2.00	Officer Director	$0	$0	$0
KARYN SCHEIER	CLERK	2.00	Officer Director	$0	$0	$0
KEVIN MCCALL	PAST CHAIR	2.00	Director	$0	$0	$0
ALAN ABRAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
RAMESH ADVANI	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER BOTTOMLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
REBECCA TYLER BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS BYRNE	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN FEINGOLD	BOARD MEMBER	2.00	Director	$0	$0	$0
MARILYN MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
GREGORY MINOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY PARKER	BOARD MEMBER	2.00	Director	$0	$0	$0
TANIA PHILLIPS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT WADSWORTH	BOARD MEMBER	2.00	Director	$0	$0	$0
STACEY ZAWEL	BOARD MEMBER	2.00	Director	$0	$0	$0
PRANITA AMARASINGHE	BOARD MEMBER	2.00	Director	$0	$0	$0
MILES BYRNE	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE VALLE	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANA KELLY	BOARD MEMBER (UNTIL 3/23)	2.00	Director	$0	$0	$0
ROBERT HOULIHAN	BOARD MEMBER (UNTIL 3/23)	2.00	Director	$0	$0	$0
DONALD WILKINS	BOARD MEMBER (UNTIL 3/23)	2.00	Director	$0	$0	$0
MICHAEL BURMAN	CFO	38.00	Officer	$0	$4,662	$137,259
BLISS AUSTIN-SPOONER	CHIEF DEVELOPMENT OFFICER	39.00	Highest	$0	$20,738	$158,659
LINDA VENDOLA	CONTROLLER	39.00	Highest	$0	$15,215	$126,388

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	No data	No data	No data	No data
2023	$277,194	$257,156	$1,084,394	$20,038
2022	$222,599	$228,011	$989,994	$-5,412
2021	$145,132	$200,212	$944,884	$-55,080
2020	$133,314	$195,088	$955,883	$-61,774
2019	$133,469	$177,778	$969,722	$-44,309
2018	$130,691	$170,809	$991,267	$-40,118

HEARTH BEACON INC