HART SQUARE FOUNDATION INC

EIN: 562232193 501(c)(3) Philanthropy & Grantmaking

VALE, NC

Total Revenue
$938,436
Total Expenses
$1,071,137
Total Assets
$6,291,391
Net Assets
$5,395,870
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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
NC
Principal Officer
CATHERINE PRITCHARD
Phone
8284550692
Tax Period
2025-01-01 to 2025-12-31

HART SQUARE FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $938K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PRESERVE HART SQUARE VILLAGE AND SHARE TRADITIONAL ARTS AND TRADES

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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 (2025)

Revenue Breakdown

Contributions & Grants $449,096
Program Service Revenue $327,130
Investment Income $122,094
Other Revenue $40,116
TOTAL REVENUE $938,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $437,382
Fundraising Expenses $45,567
Program Expenses $840,300
Other Expenses $633,755
TOTAL EXPENSES $1,071,137

Year-over-Year Comparison

2025 2024 Change
Revenue $938,436 $1,002,978 -0.1%
Expenses $1,071,137 $1,055,469 +0.0%
Net Income $-132,701 $-52,491 +1.5%
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

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Governance

Voting Members
9
Independent Members
7
Employees
11
Volunteers
550

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ROBERT ERIC HART PRESIDENT 1.00
Officer Director
$0 $0 $0
CATHERINE PRITCHARD TREASURER 1.00
Officer Director
$0 $0 $0
KEITH HART DIRECTOR 1.00
Director
$0 $0 $0
IAN BUMGARNER SECRETARY 1.00
Officer Director
$0 $0 $0
GAIL BOYLES DIRECTOR 1.00
Director
$0 $0 $0
JAIMIE BEATTY DIRECTOR 1.00
Director
$0 $0 $0
REBECCA GLADDEN DIRECTOR 1.00
Director
$0 $0 $0
BRETT STURM DIRECTOR 1.00
Director
$0 $0 $0
REBECCA YODER 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 $938,436 $1,071,137 $6,291,391 $-132,701
2024 No data No data No data No data
2023 $1,005,830 $839,354 $6,392,360 $166,476
2022 $1,746,306 $745,741 $6,083,714 $1,000,565
2021 $402,359 $462,228 $6,247,105 $-59,869
2020 $1,335,674 $378,859 $6,007,545 $956,815
2019 $1,373,047 $347,085 $4,525,865 $1,025,962
2018 $918,740 $220,088 $3,374,800 $698,652
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