Headwaters Trail System (EIN 208266086) - 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

2012

Legal Domicile

Principal Officer

Gene Townsend

Phone

4065803012

Tax Period

2024-01-01 to 2024-12-31

Headwaters Trail System, founded in 2012, is a small nonprofit in the Environment sector that reported $303K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 85% operating margin.

Mission

To build and maintain trails in the Missouri River Headwaters Area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $299,941

Program Service Revenue $0

Investment Income $3,046

Other Revenue $0

TOTAL REVENUE $302,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,041

Other Expenses $45,671

TOTAL EXPENSES $45,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,987	$205,652	+0.5%
Expenses	$45,671	$47,656	0.0%
Net Income	$257,316	$157,996	+0.6%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Andrus	Director	2.00	Director	$0	$0	$0
Diane Phillips	Director	2.00	Director	$0	$0	$0
Jim Phillips	Director	2.00	Director	$0	$0	$0
Karen Walton	Director	2.00	Director	$0	$0	$0
Pam Carey	Director	2.00	Director	$0	$0	$0
Mable Deane	Director	2.00	Director	$0	$0	$0
Gene Townsend	Chairman	5.00	Officer	$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
2024	$302,987	$45,671	$798,131	$257,316
2023	$205,652	$47,656	$540,815	$157,996

Headwaters Trail System