HEADWATERS SCHOOL

EIN: 743020203 501(c)(3) Education

AUSTIN, TX

Total Revenue
$12,377,832
Total Expenses
$12,581,529
Total Assets
$25,222,823
Net Assets
$9,661,913
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
TX
Principal Officer
MAGDALENA VIAL
Phone
5124808142
Tax Period
2024-07-01 to 2025-06-30

HEADWATERS SCHOOL, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $12.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

BEGINNING WITH A MONTESSORI FOUNDATION AND PROGRESSING TO THE INTERNATIONAL BACCALAUREATE (IB) DIPLOMA PROGRAMME, HEADWATERS SERVES STUDENTS FROM EARLY CHILDHOOD THROUGH GRADE 12 TO LIVE AUTHENTICALLY, THINK EXPANSIVELY, AND CREATE BRAVELY. WE ARE INSPIRED, ORGANIZED, AND GUIDED BY OUR PURPOSE, PROMISE, AND PACT. THESE IDEAS SERVE AS THE FOUNDATION FOR OUR DAILY WORK.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $228,915
Program Service Revenue $11,855,158
Investment Income $188,059
Other Revenue $105,700
TOTAL REVENUE $12,377,832

Expense Breakdown

Grants Paid $977,540
Salaries & Benefits $8,577,347
Fundraising Expenses $490,139
Program Expenses $9,670,841
Other Expenses $3,026,642
TOTAL EXPENSES $12,581,529

Year-over-Year Comparison

2024 2023 Change
Revenue $12,377,832 $13,172,220 -0.1%
Expenses $12,581,529 $12,554,608 +0.0%
Net Income $-203,697 $617,612 -1.3%
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

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
170
Volunteers
100

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
7
$505,802
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA RIO BOARD MEMBER/TREASURER 0.25
Officer Director
$0 $0 $0
MAGDALENA VIAL CHAIR 5.00
Officer Director
$0 $0 $0
KEITH MARTIN VICE CHAIR 0.25
Officer Director
$0 $0 $0
TRACY MANIER BOARD MEMBER 0.25
Director
$0 $0 $0
ANAND ANBALAGAN TREASURER 0.25
Officer Director
$0 $0 $0
BRIAN SZYMCZAK SECRETARY 0.25
Officer Director
$0 $0 $0
STACEY JORDAN BOARD MEMBER (09/05/24 TO 12/13/24) 0.25
Director
$0 $0 $0
JEAN YANG BOARD MEMBER 0.25
Director
$0 $0 $0
MEGAN MOORE BOARD MEMBER 0.25
Director
$0 $0 $0
JOHN BERKOWITZ BOARD MEMBER 0.25
Director
$0 $0 $0
ED MUZIO BOARD MEMBER 0.25
Director
$0 $0 $0
TED GRAF HEAD OF SCHOOL 40.00
Officer
$311,590 $17,852 $329,442
ALEXANDRA PENRY SR DIR FOR FINANCE AND ADVANCEMENT 40.00
Officer
$163,700 $12,660 $176,360
ELIZABETH DEMAREST SR DIR OF EARLY CHILDHOOD 40.00
Highest
$108,131 $9,477 $117,608
AVE LUKE-SIMPSON HIGH SCHOOL DIRECTOR 40.00
Highest
$125,732 $3,681 $129,413
TERRA LYNCH MIDDLE SCHOOL DIRECTOR 40.00
Highest
$105,484 $4,219 $109,703
TIMOTHY REILLY DIRECTOR 40.00
Highest
$119,850 $4,794 $124,644
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 $12,377,832 $12,581,529 $25,222,823 $-203,697
2024 $13,172,220 $12,554,608 $20,779,124 $617,612
2023 $12,900,322 $12,660,826 $20,589,237 $239,496
2022 $11,289,242 $9,702,572 $17,418,867 $1,586,670
2021 $9,385,546 $7,791,718 $15,508,663 $1,593,828
2020 $8,530,521 $8,807,052 $13,733,480 $-276,531
2019 $8,890,455 $8,647,897 $13,659,328 $242,558
2018 $8,528,200 $8,148,405 $13,652,067 $379,795
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HEADWATERS SCHOOL with other nonprofits in Texas and across the country.