HEARTWOOD REGIONAL THEATER COMPANY

EIN: 562404197 501(c)(3) Arts, Culture & Humanities

DAMARISCOTTA, ME

Total Revenue
$186,402
Total Expenses
$179,709
Total Assets
$9,542
Net Assets
$-12,668
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
ME
Principal Officer
JAJA MARTIN
Phone
2075631373
Tax Period
2023-09-01 to 2024-08-31

HEARTWOOD REGIONAL THEATER COMPANY, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $186K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $180K left a modest 4% surplus.

Mission

LIVE THEATRICAL PERFORMANCES & THEATER EDUCATION HEARTWOOD PROMOTES THE THEATER ART EXPERIENCE IN THE LIVES OF CHILDREN AND ADULTS IN THE COMMUNITY. PERFORMERS AND AUDIENCES ALIKE SHARE AN ARTISTIC EXPERIENCE THAT CHALLENGES

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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 $106,353
Program Service Revenue $76,792
Investment Income $0
Other Revenue $3,257
TOTAL REVENUE $186,402

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,266
Fundraising Expenses $6,461
Program Expenses $118,527
Other Expenses $61,443
TOTAL EXPENSES $179,709

Year-over-Year Comparison

2023 2022 Change
Revenue $186,402 $240,817 -0.2%
Expenses $179,709 $244,456 -0.3%
Net Income $6,693 $-3,639 -2.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
7
Volunteers
7

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
5
$97,000
Total Directors
3
$0
Key Employees
2
$97,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRIFFITH C BRALEY ARTISTIC DIRECOR 45.00
Officer Key Emp
$52,000 $0 $52,000
JOY T BRALEY EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$45,000 $0 $45,000
JAJA MARITIN DIRECTOR & PRESIDENT 1.00
Officer Director
$0 $0 $0
KIMBERLEY TOLLEY DIRECTOR & TREASURER 1.00
Officer Director
$0 $0 $0
ANDREA LALIME DIRECTOR & SECRETARY 1.00
Officer 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 No data No data No data No data
2024 $186,402 $179,709 $9,542 $6,693
2023 $240,817 $244,456 $4,308 $-3,639
2022 $229,658 $238,290 $7,113 $-8,632
2021 $235,578 $226,306 $22,885 $9,272
2020 $174,522 $193,163 $13,024 $-18,641
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