HEADWATERS RESOURCE CONSERVATION A… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

KELLY SULLIVAN

Phone

4065336781

Tax Period

2023-01-01 to 2023-12-31

HEADWATERS RESOURCE CONSERVATION AND DEVELOPMENT AREA INC, founded in 1987, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $186K, a strong 17% operating margin.

Mission

TO MEET THE NEEDS OF THE PEOPLE, ACHIEVE THE OBJECTIVES AND GOALS OF THE AREA PLAN/COMPREHENSIVE ECONOMIC STRATEGY; A COMMUNITY OR GROUP APPROACH IN SOLVING CULTURAL, SOCIAL, AND ECONOMIC PROBLEMS IS ENCOURAGED.

Program Service Accomplishments

Program 1

Expenses: $872,800 Revenue: $1,076,761

THE ORGANIZATION IMPROVES HUMAN AND NATURAL RESOURCES, AND ENHANCES THE ENVIRONMENT AND STANDARD OF LIVING IN SEVEN COUNTIES IN SOUTHWEST MONTANA THROUGH CONSERVATION, ECONOMIC DEVELOPMENT, AND...

THE ORGANIZATION IMPROVES HUMAN AND NATURAL RESOURCES, AND ENHANCES THE ENVIRONMENT AND STANDARD OF LIVING IN SEVEN COUNTIES IN SOUTHWEST MONTANA THROUGH CONSERVATION, ECONOMIC DEVELOPMENT, AND EDUCATION. HEADWATERS OFFERS THE FOLLOWING SERVICES: GRANT ADMINISTRATION, ORGANIZATIONAL DEVELOPMENT WORKSHOPS, CONSENSUS BUILDING, SMALL BUSINESS TECHNICAL ASSISTANCE, SMALL BUSINESS DEVELOPMENT CENTER, SMALL BUSINESS ADMINISTRATION, LOAN PACKAGING, FINANCE PROGRAMS, REVOLVING LOAN FUNDS, TECHNICAL ASSISTANCE FOR BOARD AND COMMITTEE APPROVED PROJECTS, HOMEBUYER EDUCATION CLASS, ENTRY LEVEL ENTREPRENEUR INFORMATION AND EDUCATION AND FOOD AND AGRICULTURAL DEVELOPMENT CENTER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,076,761

Investment Income $12,190

Other Revenue $0

TOTAL REVENUE $1,088,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $434,866

Fundraising Expenses $0

Program Expenses $872,800

Other Expenses $468,471

TOTAL EXPENSES $903,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,088,951	$1,498,206	-0.3%
Expenses	$903,337	$1,394,100	-0.4%
Net Income	$185,614	$104,106	+0.8%

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

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

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

$46,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA COOLEY	MEMBER	2.00	Director	$0	$0	$0
BLANCHE MCLURE	MEMBER	2.00	Director	$0	$0	$0
CARL HAMMING	MEMBER	2.00	Director	$0	$0	$0
CORY KIRSCH	MEMBER	2.00	Director	$0	$0	$0
DAN SAGER	MEMBER	2.00	Director	$0	$0	$0
DAVE OLSEN	MEMBER	2.00	Director	$0	$0	$0
GERRY KEOGH	MEMBER	2.00	Director	$0	$0	$0
JOHN BANCROFT	MEMBER	2.00	Director	$0	$0	$0
JORDAN GREEN	MEMBER	2.00	Director	$0	$0	$0
JP GALLAGHER	MEMBER	2.00	Director	$0	$0	$0
KAREN BYRNES	MEMBER	2.00	Director	$0	$0	$0
KATHLEEN TARKALSON	MEMBER	2.00	Director	$0	$0	$0
LINDSEY GRAHAM	MEMBER	2.00	Director	$0	$0	$0
MIKE MCGINLEY	MEMBER	2.00	Director	$0	$0	$0
RAY ANN SUTTON	MEMBER	2.00	Director	$0	$0	$0
RON NYE	MEMBER	2.00	Director	$0	$0	$0
TERRY VERMIER	MEMBER	2.00	Director	$0	$0	$0
RICK EDWARDS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
GAIL LEEPER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
KELLY SULLIVAN	EXECUTIVE DIRECTOR	40.00	Officer	$46,200	$0	$46,200

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	No data	No data	No data	No data
2023	$1,088,951	$903,337	$5,470,118	$185,614
2022	$1,498,206	$1,394,100	$5,662,056	$104,106
2021	$1,614,818	$1,143,841	$5,696,045	$470,977
2020	$996,266	$828,686	$5,158,740	$167,580
2019	$740,224	$645,380	$5,075,089	$94,844
2018	$633,868	$584,480	$4,494,995	$49,388

HEADWATERS RESOURCE CONSERVATION AND DEVELOPMENT AREA INC