Heartwood Regional Theater Company
EIN: 562404197 · Damariscotta, ME · NTEE: A65
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Heartwood Regional Theater Company is mapped to EIN 562404197.
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| Metric | Value |
|---|---|
| Total Revenue | $188K |
| Total Expenses | $180K |
| Net Assets | $-12,668 |
Search Intent Cockpit
Heartwood Regional Theater Company Form 990, Revenue, CEO Pay, and IRS Filing Signals
Heartwood Regional Theater Company is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Heartwood Regional Theater Company in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $186K and expenses of $180K.
Revenue and Expenses
Heartwood Regional Theater Company reported $186K in revenue and $180K in expenses, a surplus of $7K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is Heartwood Regional Theater Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Heartwood Regional Theater Company shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Arts & Culture context |
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Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for Heartwood Regional Theater Company with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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About Heartwood Regional Theater Company
Heartwood Regional Theater Company (EIN: 562404197) is a nonprofit organization based in Damariscotta, ME, classified under NTEE code A65. The organization reported total revenue of $188K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartwood Regional Theater Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartwood Regional Theater Company is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $186K |
| Total Expenses | $180K |
| Surplus / Deficit | +$7K |
| Total Assets | $10K |
| Total Liabilities | $22K |
| Net Assets | $-12,668 |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 232.8% |
| Months of Reserves | 0.6 months |
Financial Health Grade: B
In 2024, Heartwood Regional Theater Company reported a surplus of $7K with revenue exceeding expenses, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 232.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Heartwood Regional Theater Company's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -22.6% | -26.5% | +121.5% |
| 2023 | +4.9% | +2.6% | -39.4% |
| 2022 | -2.5% | +5.3% | -68.9% |
| 2021 | +35.0% | +17.2% | +75.7% |
| 2020 | -26.9% | -15.3% | -70.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heartwood Regional Theater Company has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heartwood Regional Theater Company with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 232.8%.
Frequently Asked Questions about Heartwood Regional Theater Company
Is Heartwood Regional Theater Company a legitimate charity?
Heartwood Regional Theater Company (EIN: 562404197) is a registered tax-exempt nonprofit based in Maine. It has 14 years of IRS 990 filings on record. Total revenue: $188K. No red flags identified. Financial health grade: B.
How does Heartwood Regional Theater Company spend its money?
Heartwood Regional Theater Company reported $188K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heartwood Regional Theater Company tax-deductible?
Heartwood Regional Theater Company is registered as a tax-exempt nonprofit (EIN: 562404197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heartwood Regional Theater Company located?
Heartwood Regional Theater Company is headquartered in Damariscotta, Maine and files with the IRS under EIN 562404197. It is classified under NTEE code A65.
How many years of IRS 990 filings does Heartwood Regional Theater Company have?
Heartwood Regional Theater Company has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $188K in total revenue.
Filing History
IRS 990 filing history for Heartwood Regional Theater Company showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Heartwood Regional Theater Company's revenue has declined by 42.9%, moving from $327K to $186K. Total assets increased by 56.6% over the same period, from $6K to $10K. Total functional expenses fell by 38.7%, from $293K to $180K. In its most recent filing year (2024), Heartwood Regional Theater Company reported a surplus of $7K, with revenue exceeding expenses. The organization holds $22K in liabilities against $10K in assets (debt-to-asset ratio: 232.8%), resulting in net assets of $-12,668.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $186K | $180K | $10K | $22K | — | — |
| 2023 | $241K | $244K | $4K | $24K | — | View 990 |
| 2022 | $230K | $238K | $7K | $23K | — | View 990 |
| 2021 | $236K | $226K | $23K | $30K | — | — |
| 2020 | $175K | $193K | $13K | $29K | — | View 990 |
| 2019 | $239K | $228K | $44K | $42K | — | View 990 |
| 2018 | $228K | $253K | $26K | $35K | — | View 990 |
| 2017 | $245K | $230K | $32K | $15K | — | View 990 |
| 2016 | $236K | $235K | $35K | $33K | — | View 990 |
| 2015 | $264K | $254K | $15K | $15K | — | View 990 |
| 2014 | $222K | $204K | $10K | $20K | — | View 990 |
| 2013 | $272K | $287K | $6K | $33K | — | View 990 |
| 2012 | $258K | $258K | $18K | $30K | — | View 990 |
| 2011 | $327K | $293K | $6K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $186K, expenses of $180K, and assets of $10K (revenue -22.6% year-over-year).
- 2023: Revenue of $241K, expenses of $244K, and assets of $4K (revenue +4.9% year-over-year).
- 2022: Revenue of $230K, expenses of $238K, and assets of $7K (revenue -2.5% year-over-year).
- 2021: Revenue of $236K, expenses of $226K, and assets of $23K (revenue +35.0% year-over-year).
- 2020: Revenue of $175K, expenses of $193K, and assets of $13K (revenue -26.9% year-over-year).
- 2019: Revenue of $239K, expenses of $228K, and assets of $44K (revenue +4.5% year-over-year).
- 2018: Revenue of $228K, expenses of $253K, and assets of $26K (revenue -6.9% year-over-year).
- 2017: Revenue of $245K, expenses of $230K, and assets of $32K (revenue +4.0% year-over-year).
- 2016: Revenue of $236K, expenses of $235K, and assets of $35K (revenue -10.8% year-over-year).
- 2015: Revenue of $264K, expenses of $254K, and assets of $15K (revenue +19.1% year-over-year).
- 2014: Revenue of $222K, expenses of $204K, and assets of $10K (revenue -18.3% year-over-year).
- 2013: Revenue of $272K, expenses of $287K, and assets of $6K (revenue +5.5% year-over-year).
- 2012: Revenue of $258K, expenses of $258K, and assets of $18K (revenue -21.1% year-over-year).
- 2011: Revenue of $327K, expenses of $293K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartwood Regional Theater Company:
Data Sources and Methodology
This transparency report for Heartwood Regional Theater Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.