HEADWATERS CHARITABLE TRUST (EIN 320056445) - 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

1988

Legal Domicile

Phone

8142364333

Tax Period

2023-01-01 to 2023-12-31

HEADWATERS CHARITABLE TRUST, founded in 1988, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $605K in total revenue in fiscal year 2023. Expenses of $687K exceeded revenue, resulting in a 14% operating deficit.

Mission

SECURE PUBLIC AND PRIVATE FUNDING TO BETTER THE LIVES OF THE CITIZENS OF NORTH CENTRAL PENNSYLVANIA THROUGH WISE USE, DEVELOPMENT, AND PROTECTION OF THE REGION'S NATURAL RESOURCES.

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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 $591,281

Program Service Revenue $0

Investment Income $1,197

Other Revenue $12,471

TOTAL REVENUE $604,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,745

Fundraising Expenses $150

Program Expenses $653,665

Other Expenses $636,119

TOTAL EXPENSES $686,864

Year-over-Year Comparison

	2023	2022	Change
Revenue	$604,949	$630,804	0.0%
Expenses	$686,864	$731,062	-0.1%
Net Income	$-81,915	$-100,258	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA BROCK	Vice President	1.00	Officer Director	$0	$0	$0
TOM KASE	Trustee	1.00	Director	$0	$0	$0
DIANE HOLLAND	Trustee	1.00	Director	$0	$0	$0
J ALAN STEWART	Sec/Treas	1.00	Officer Director	$0	$0	$0
TRAVIS LESSER	President	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
2024	No data	No data	No data	No data
2023	$604,949	$686,864	$2,882,498	$-81,915
2023	$779,949	$1,025,764	$2,859,571	$-245,815
2022	$630,804	$731,062	$3,427,603	$-100,258
2021	$325,330	$391,355	$3,290,440	$-66,025
2020	$660,082	$731,135	$3,436,138	$-71,053
2019	$1,396,045	$1,101,307	$3,652,527	$294,738
2018	$149,660	$113,831	$3,973,788	$35,829

HEADWATERS CHARITABLE TRUST