HEADWATERS FOUNDATION INC (EIN 391509730) - 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

1985

Legal Domicile

Principal Officer

Alan Rock

Phone

7153946617

Tax Period

2024-01-01 to 2024-12-31

HEADWATERS FOUNDATION INC, founded in 1985, is a small nonprofit that reported $117K in total revenue in fiscal year 2024. Revenue surged 432% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 96% operating margin.

Mission

Primarily to provide financial support to benefit programs of Headwaters, Inc.

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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 $17,895

Program Service Revenue $0

Investment Income $97,593

Other Revenue $1,435

TOTAL REVENUE $116,923

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,141

Other Expenses $2,754

TOTAL EXPENSES $5,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,923	$21,963	+4.3%
Expenses	$5,254	$100,095	-0.9%
Net Income	$111,669	$-78,132	-2.4%

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

N/A

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
Steve Agnoli	President	1	Officer Director	$0	$0	$0
Michael Carlson	Vice President	1	Officer Director	$0	$0	$0
Barbara Newman	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Benjamin Opsal	Board Director	1	Director	$0	$0	$0
Maureen Parkes	Board Director	1	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	$116,923	$5,254	$1,022,969	$111,669
2023	$21,963	$100,095	$948,566	$-78,132
2022	$29,094	$41,330	$905,445	$-12,236
2021	$168,337	$180,120	$939,776	$-11,783
2020	$27,193	$186,896	$779,431	$-159,703
2019	$37,485	$43,969	$1,061,515	$-6,484
2018	$80,025	$43,133	$1,026,929	$36,892

HEADWATERS FOUNDATION INC