HEADWATERS ECONOMICS INC (EIN 743171967) - 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

2006

Legal Domicile

Phone

4065997425

Tax Period

2024-01-01 to 2024-12-31

HEADWATERS ECONOMICS INC, founded in 2006, is a community nonprofit in the Environment sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 23% operating margin.

Mission

HEADWATERS ECONOMICS, INC. IS AN INDEPENDENT, NONPROFIT RESEARCH GROUP. OUR MISSION IS TO IMPROVE COMMUNITY DEVELOPMENT AND LAND MANAGEMENT DECISIONS.

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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 $4,824,091

Program Service Revenue $20,543

Investment Income $48,162

Other Revenue $6,279

TOTAL REVENUE $4,899,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,754,301

Fundraising Expenses $14,366

Program Expenses $3,478,169

Other Expenses $2,001,225

TOTAL EXPENSES $3,755,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,899,075	$3,166,391	+0.5%
Expenses	$3,755,526	$2,852,439	+0.3%
Net Income	$1,143,549	$313,952	+2.6%

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

N/A

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

$337,163

Total Directors

$337,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA HERNANDEZ	Executive Dir.	40.00	Officer Director	$178,729	$5,362	$184,091
KELLY POHL	ASSOC. DIRECTOR	40.00	Officer Director	$136,241	$16,831	$153,072
KIMIKO BARRETT	RESEARCHER	40.00		$117,177	$16,184	$133,361
KRISTIN SMITH	RESEARCHER	40.00		$100,580	$14,950	$115,530
DOUGLAS GREEN	PROGRAM MANAGER	40.00		$110,927	$4,123	$115,050
MEGAN LAWSON	RESEARCHER	40.00		$102,347	$11,844	$114,191
CARMEN MCSPADDEN	President	1.00	Officer Director	$0	$0	$0
BOB BUZZAS	Director	0.00	Director	$0	$0	$0
CATHY COSTAKIS	Director	0.00	Director	$0	$0	$0
JOE MCCARTY	Director	0.00	Director	$0	$0	$0
BILL STODDART	Director	0.00	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	$4,899,075	$3,755,526	$4,080,627	$1,143,549
2023	$3,166,391	$2,852,439	$3,064,344	$313,952
2022	$2,599,465	$2,872,944	$2,622,842	$-273,479
2021	$3,423,228	$2,381,010	$2,869,856	$1,042,218
2020	$2,461,809	$2,439,811	$1,848,397	$21,998
2019	$2,661,663	$2,381,853	$1,793,967	$279,810
2018	$2,414,936	$2,463,825	$1,517,461	$-48,889

HEADWATERS ECONOMICS INC