HEADWATERS COMMUNITY HOUSING TRUST (EIN 851374727) - 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

2020

Legal Domicile

Principal Officer

NATHAN STEIN

Phone

4069229554

Tax Period

2024-01-01 to 2024-12-31

HEADWATERS COMMUNITY HOUSING TRUST, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.8M, a strong 90% operating margin.

Mission

INCREASE AND PRESERVE THE LOCAL SUPPLY OF PERMANENTLY AFFORDABLE HOUSING, INCLUDING FOR 'MISSING MIDDLE-INCOME' HOUSEHOLDS IN BOZEMAN, MONTANA.

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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 $4,548,841

Program Service Revenue $830,163

Investment Income $-1,191,619

Other Revenue $10,963

TOTAL REVENUE $4,198,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,198

Fundraising Expenses $16,065

Program Expenses $307,096

Other Expenses $225,662

TOTAL EXPENSES $408,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,198,348	$12,346,796	-0.7%
Expenses	$408,860	$536,427	-0.2%
Net Income	$3,789,488	$11,810,369	-0.7%

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

$60,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TAYLOR	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARISA OWEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE WALKER	TREASURER	1.00	Officer Director	$0	$0	$0
HUNTER BREWSTER	SECRETARY	1.00	Officer Director	$0	$0	$0
MINDY DECOSSE	MEMBER	1.00	Director	$0	$0	$0
JANAY JOHNSON	MEMBER	1.00	Director	$0	$0	$0
ANDREA KAVERT	MEMBER	1.00	Director	$0	$0	$0
CARSON TAYLOR	MEMBER	1.00	Director	$0	$0	$0
ANDRAS ROSNER	MEMBER	1.00	Director	$0	$0	$0
ALEC BEAR	MEMBER	1.00	Director	$0	$0	$0
NATHAN STEIN	EXECUTIVE DIRECTOR	40.00	Officer	$48,056	$11,979	$60,035

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	$4,198,348	$408,860	$27,111,557	$3,789,488
2023	$12,346,796	$536,427	$29,456,390	$11,810,369
2022	$2,001,555	$483,061	$29,863,497	$1,518,494
2021	$10,145,563	$191,465	$13,326,058	$9,954,098
2021	$7,695,000	$8,388,361	$2,678,599	$-693,361

HEADWATERS COMMUNITY HOUSING TRUST