HEART OF TAOS (EIN 811295908) - 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

2016

Legal Domicile

Principal Officer

KATHRYN HERMAN

Phone

5757764245

Tax Period

2021-01-01 to 2021-12-31

HEART OF TAOS, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $107K in total revenue in fiscal year 2021. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $201K exceeded revenue, resulting in a 88% operating deficit.

Mission

THE ORGANIZATION PROVIDES EMERGENCY SHELTER, FINANCIAL ASSISTANCE, TRANSITIONAL HOUSING & SUPPORT SERVICES TO TAOS COUNTY WOMEN AND FAMILIES EXPERIENCING HOMELESSNESS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $226,794

Program Service Revenue $0

Investment Income $-120,031

Other Revenue $0

TOTAL REVENUE $106,763

Expense Breakdown

Grants Paid $86,405

Salaries & Benefits $95,427

Fundraising Expenses $6,414

Program Expenses $166,645

Other Expenses $19,294

TOTAL EXPENSES $201,126

Year-over-Year Comparison

	2021	2020	Change
Revenue	$106,763	$339,987	-0.7%
Expenses	$201,126	$333,223	-0.4%
Net Income	$-94,363	$6,764	-15.0%

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

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

$69,218

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN HERMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JUDY BUCK	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JULIA JIRON	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHERINE MCKINLEY	TREASURER	2.00	Officer Director	$0	$0	$0
KIMBERLY PARK	EXECUTIVE DI	40.00	Officer	$65,618	$3,600	$69,218

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
2021	$106,763	$201,126	$259,240	$-94,363
2020	$339,987	$333,223	$389,080	$6,764
2019	$200,120	$253,366	$344,141	$-53,246
2018	$472,527	$353,744	$407,717	$118,783

HEART OF TAOS