HEATING ENERGY ASSISTANCE TEAM INC (EIN 311713867) - 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

2000

Legal Domicile

Principal Officer

Vernon Lee Chairperson

Phone

6784060212

Tax Period

2023-01-01 to 2023-12-31

HEATING ENERGY ASSISTANCE TEAM INC, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $713K, a strong 59% operating margin.

Mission

Prevent human suffering by providing energy assistance to qualifying low-income families who reside in Georgia and meet federal guidelines for aid.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,208,327

Program Service Revenue $0

Investment Income $580

Other Revenue $0

TOTAL REVENUE $1,208,907

Expense Breakdown

Grants Paid $174,195

Salaries & Benefits $196,566

Fundraising Expenses $36,811

Program Expenses $370,504

Other Expenses $125,152

TOTAL EXPENSES $495,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,208,907	$1,256,297	0.0%
Expenses	$495,913	$1,247,550	-0.6%
Net Income	$712,994	$8,747	+80.5%

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

Volunteers

N/A

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

$117,562

Total Directors

$117,562

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Bows Taylor	Director	0.00	Director	$0	$0	$0
Don Brazil	Secretary	0.25	Director	$0	$0	$0
Tim Hallmark	Director	0.00	Director	$0	$0	$0
Mike Jewell	Vice Chairman	0.50	Director	$0	$0	$0
Vernon Lee	Chairman	0.75	Director	$0	$0	$0
Matt Schlosser	Director	0.00	Director	$0	$0	$0
Ira Shucker	Director	0.25	Director	$0	$0	$0
William Thornton	Director	0.00	Director	$0	$0	$0
James Tiernan	Treasurer	0.25	Director	$0	$0	$0
Sandra Rhodes	Director	0.00	Director	$0	$0	$0
Rachel Reaid	Director	0.00	Director	$0	$0	$0
Jeffrey Joseph	Executive Director	0.00	Officer Director	$117,562	$0	$117,562

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	$1,208,907	$495,913	$2,166,244	$712,994
2022	$1,256,297	$1,247,550	$1,444,317	$8,747
2021	$1,363,799	$1,039,829	$1,435,570	$323,970
2020	$1,350,079	$1,063,051	$1,111,600	$287,028

HEATING ENERGY ASSISTANCE TEAM INC