HEADWATERS PARK ALLIANCE INC

EIN: 352117385 501(c)(3)

FORT WAYNE, IN

Total Revenue
$74,732
Total Expenses
$267,092
Total Assets
N/A
Net Assets
N/A
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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
2000
Legal Domicile
IN
Principal Officer
GEOFF PADDOCK
Phone
2604255745
Tax Period
2024-01-01 to 2024-12-31

HEADWATERS PARK ALLIANCE INC, founded in 2000, is a micro nonprofit that reported $75K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $267K exceeded revenue, resulting in a 257% operating deficit.

Mission

TO PERFORM SERVICES AND OTHER RESPONSIBILITIES ASSOCIATED WITH DEVELOPING, MAINTAINING, AND IMPROVING HEADWATERS PARK IN FORT WAYNE, INDIANA, FOR THE BENEFIT OF THE PUBLIC, INCLUDING, BUT NOT LIMITED TO, PROVIDING AND MANAGING PROGRAMS AND ACTIVITIES AT THE PARK, PROMOTING THE PARK TO THE PUBLIC, RAISING MONEY TO BE USED FOR THE BENEFIT OF THE PARK, AND MAKING CAPITAL IMPROVEMENTS TO THE PARK.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $71,850
Program Service Revenue $0
Investment Income $2,882
Other Revenue $0
TOTAL REVENUE $74,732

Expense Breakdown

Grants Paid $230,927
Salaries & Benefits $22,622
Fundraising Expenses $6,361
Program Expenses $234,040
Other Expenses $13,543
TOTAL EXPENSES $267,092

Year-over-Year Comparison

2024 2023 Change
Revenue $74,732 $231,599 -0.7%
Expenses $267,092 $228,149 +0.2%
Net Income $-192,360 $3,450 -56.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
5
$19,788
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEOFF PADDOCK EXEC DIRECTO 50.00
Officer
$19,788 $0 $19,788
MICHELE HERALD PRESIDENT N/A
Officer Director
$0 $0 $0
DAVID STEINER VICE PRESIDE N/A
Officer Director
$0 $0 $0
SUZON MOTZ SECRETARY N/A
Officer Director
$0 $0 $0
JOMARE BOWERS-MIZZELL TREASURER N/A
Officer Director
$0 $0 $0
ALAN GRINSFELDER DIRECTOR N/A
Director
$0 $0 $0
JUDY ZEHNER DIRECTOR N/A
Director
$0 $0 $0
KIRK MORIARTY DIRECTOR N/A
Director
$0 $0 $0
JANE JORGENSEN DIRECTOR N/A
Director
$0 $0 $0
JOHN SHOAFF DIRECTOR N/A
Director
$0 $0 $0
KAREN SURGUINE DIRECTOR N/A
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 $74,732 $267,092 No data $-192,360
2023 $231,599 $228,149 $292,360 $3,450
2022 $454,960 $423,456 $289,920 $31,504
2021 $504,835 $432,137 $258,416 $72,698
2020 $422,154 $433,096 $185,718 $-10,942
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