HEADWATERS AT THE COMAL

EIN: 822200071 501(c)(3) Environment

NEW BRAUNFELS, TX

Total Revenue
$1,418,954
Total Expenses
$1,117,561
Total Assets
$2,707,646
Net Assets
$2,696,514
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
Principal Officer
NANCY PAPPAS
Phone
8306088828
Tax Period
2024-01-01 to 2024-12-31

HEADWATERS AT THE COMAL, founded in 2017, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $301K, a strong 21% operating margin.

Mission

THE MISSION OF HEADWATERS AT THE COMAL IS TO STRENGTHEN THE RELATIONSHIP BETWEEN THE COMMUNITY AND NATURE BY SHOWCASING THE SIGNIFICANCE OF THE COMAL SPRINGS. CREATE A PREMIER EDUCATION CENTER INSPIRING HEARTS AND MINDS OF THE IMPORTANCE OF CONSERVATION TO COMMUNITY. THIS IS ACHIEVED THROUGH THE PRESENTATION OF A VARIETY OF EDUCATIONAL PROGRAMS FOR ALL AGES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,313,853
Program Service Revenue $5,986
Investment Income $98,452
Other Revenue $663
TOTAL REVENUE $1,418,954

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $33,278
Program Expenses $1,005,271
Other Expenses $1,117,561
TOTAL EXPENSES $1,117,561

Year-over-Year Comparison

2024 2023 Change
Revenue $1,418,954 $2,540,083 -0.4%
Expenses $1,117,561 $1,718,071 -0.3%
Net Income $301,393 $822,012 -0.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
65

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
4
$427,018
Total Directors
7
$948,529
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN SCHRIEWER PRESIDENT 1.00
Officer Director
$0 $16,503 $266,884
LEONARD DOUGAL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JORDAN MATNEY SECRETARY 1.00
Officer Director
$0 $0 $0
ELIZABETH BOWERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT LUNDMARK BOARD MEMBER 1.00
Director
$0 $30,240 $203,164
GRETCHEN REUWER BOARD MEMBER 1.00
Director
$0 $27,142 $251,085
SHAWN SCHORN BOARD MEMBER 1.00
Director
$0 $29,930 $227,396
NANCY PAPPAS MANAGING DIRECTOR 40.00
Officer
$0 $31,286 $160,134
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 $1,418,954 $1,117,561 $2,707,646 $301,393
2023 $2,540,083 $1,718,071 $2,571,888 $822,012
2022 $1,403,991 $929,009 $1,592,588 $474,982
2021 $1,498,883 $516,617 $1,068,826 $982,266
2020 $499,860 $513,455 $88,774 $-13,595
2019 $603,215 $576,651 $108,717 $26,564
2018 $442,325 $391,749 $53,868 $50,576
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