Headwaters High Value Network Inc

EIN: 993325377 501(c)(3) Health Care

Grand Forks, ND

Total Revenue
$477,381
Total Expenses
$436,510
Total Assets
$165,871
Net Assets
$40,871
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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
2024
Legal Domicile
ND
Principal Officer
Ken Westman
Phone
4148281142
Tax Period
2024-06-03 to 2024-12-31

Headwaters High Value Network Inc, founded in 2024, is a small nonprofit in the Health Care sector that reported $477K in total revenue in fiscal year 2024. Expenses of $437K left a modest 9% surplus.

Mission

Empowering Minnesota's rural healthcare community thru collaboration, resource-sharing & support.

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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 $0
Program Service Revenue $475,000
Investment Income $2,381
Other Revenue $0
TOTAL REVENUE $477,381

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $47,796
Other Expenses $436,510
TOTAL EXPENSES $436,510

Year-over-Year Comparison

2024 2023 Change
Revenue $477,381 N/A N/A
Expenses $436,510 N/A N/A
Net Income $40,871 N/A N/A
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
43

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ken Westman Chairman 4.00
Officer Director
$0 $0 $0
Randy Ulseth Vice-Chairman 2.00
Officer Director
$0 $0 $0
Carl Vaagenes Secretary/Treasurer 2.00
Officer Director
$0 $0 $0
Rachelle Schultz Director 2.00
Director
$0 $0 $0
Joel Beiswenger Director 2.00
Director
$0 $0 $0
Erik Bjerke Director 2.00
Director
$0 $0 $0
Carrie Michalski Director 2.00
Director
$0 $0 $0
Brett Norell CFO 5.00
Officer
$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 $477,381 $436,510 $165,871 $40,871
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