HEADWATERS FOR HEROES (EIN 474578920) - 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

2016

Legal Domicile

Principal Officer

STEVEN SWEENEY

Phone

8309921193

Tax Period

2023-01-01 to 2023-12-31

HEADWATERS FOR HEROES, founded in 2016, is a small nonprofit in the Human Services sector that reported $413K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

Organized hunting, fishing, and shooting events for wounded combat veterans and combat veterans.

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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 $413,413

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $413,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,958

Fundraising Expenses $231,759

Program Expenses $92,265

Other Expenses $406,715

TOTAL EXPENSES $435,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$413,413	$588,558	-0.3%
Expenses	$435,673	$560,378	-0.2%
Net Income	$-22,260	$28,180	-1.8%

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

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
Steven Sweeney	President	10.00	Director	$0	$0	$0
Danny Denson	Vice President	2.00	Director	$0	$0	$0
Miranda Heflin	Treasurer	2.00	Director	$0	$0	$0
Amanda Garcia	Secretary	2.00	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	$413,413	$435,673	$60,008	$-22,260
2022	$588,558	$560,378	$69,372	$28,180
2021	$371,762	$476,443	$43,159	$-104,681
2020	$305,680	$167,453	$148,159	$138,227
2019	$216,817	$250,753	$10,002	$-33,936
2018	$214,471	$202,474	$41,934	$11,997

HEADWATERS FOR HEROES