THE HEADWATERS ACADEMY INC (EIN 363727667) - 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

1990

Legal Domicile

Principal Officer

AIMEE DENDRINOS

Phone

4065859997

Tax Period

2024-07-01 to 2025-06-30

THE HEADWATERS ACADEMY INC, founded in 1990, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $2.4M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO CULTIVATE CONFIDENT, CAPABLE LEARNERS AND LEADERS FOR THE CHANGING WORLD.

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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 $292,487

Program Service Revenue $1,492,520

Investment Income $155,507

Other Revenue $23,483

TOTAL REVENUE $1,963,997

Expense Breakdown

Grants Paid $146,400

Salaries & Benefits $1,425,668

Fundraising Expenses $3,500

Program Expenses $1,784,884

Other Expenses $819,158

TOTAL EXPENSES $2,391,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,963,997	$1,901,141	+0.0%
Expenses	$2,391,226	$2,084,630	+0.1%
Net Income	$-427,229	$-183,489	+1.3%

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

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
AIMEE DENDRINOS	PRESIDENT	2.00	Officer Director	$0	$0	$0
CATE WRIGHT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMI LORENZ	SECRETARY	2.00	Officer Director	$0	$0	$0
PAMELA WOLF	TREASURER	2.00	Officer Director	$0	$0	$0
DAN BERCU	DIRECTOR	1.00	Director	$0	$0	$0
JULIANNE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
NINA T JAEGER	DIRECTOR	1.00	Director	$0	$0	$0
ROLAND MACNICHOL JR	DIRECTOR	1.00	Director	$0	$0	$0
BETSY BEAUVAIS	DIRECTOR	1.00	Director	$0	$0	$0
TANYA CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
GENNIFRE HARTMAN	HEAD OF SCHOOL	40.00	Highest	$107,156	$10,381	$117,537
MARIANNE WRIGHT	HEAD OF ADVANCEMENT	40.00	Highest	$106,220	$7,615	$113,835

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
2025	$1,963,997	$2,391,226	$11,217,032	$-427,229
2024	$1,901,141	$2,084,630	$11,375,079	$-183,489
2023	$1,748,130	$2,016,237	$11,272,038	$-268,107
2022	$3,568,450	$2,039,313	$11,585,031	$1,529,137
2021	$6,302,639	$1,129,391	$9,928,849	$5,173,248
2020	$1,873,432	$1,017,532	$4,652,088	$855,900
2019	$4,469,421	$691,851	$3,978,345	$3,777,570

THE HEADWATERS ACADEMY INC