HEADWATERS FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

Alan Rock

Phone

7153946617

Tax Period

2025-01-01 to 2025-12-31

HEADWATERS FOUNDATION INC, founded in 1985, is a micro nonprofit that reported $47K in total revenue in fiscal year 2025. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $40K, a strong 86% operating margin.

Mission

Our sole mission is to be operated exclusively for charitable, scientific, literacy and education purposes. Catholic Charities Bureau Affiliates are organized to maintain, operate and conduct; directly or indirectly; as well as to assist and coordinate activities and Social Services in accordance with the charitable Works and traditions of the Roman Catholic Church. Works are carried out in accordance with Catholic Social teachings.

Program Service Accomplishments

Program 1

Expenses: $6,232 Revenue: $46,538

Provide funding to Headwaters, Inc., a non-profit organization serving people with intellectual and developmental disabilities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $18,530

Program Service Revenue $0

Investment Income $28,008

Other Revenue $0

TOTAL REVENUE $46,538

Expense Breakdown

Grants Paid $1,339

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,232

Other Expenses $5,037

TOTAL EXPENSES $6,376

Year-over-Year Comparison

	2025	2024	Change
Revenue	$46,538	$116,923	-0.6%
Expenses	$6,376	$5,254	+0.2%
Net Income	$40,162	$111,669	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
2025	$46,538	$6,376	$1,155,685	$40,162
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