HEADWATERS ECONOMICS, INC. IS AN INDEPENDENT, NONPROFIT RESEARCH GROUP. OUR MISSION IS TO IMPROVE COMMUNITY DEVELOPMENT AND LAND MANAGEMENT DECISIONS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
+33.2% YoY
Revenue
$4.9M
+54.7% YoY
Net Investment Income
$48K
+21.0% YoY
Expenses
$3.8M
+31.7% YoY
About Headwaters Economics Inc
Based on IRS filings
Headwaters Economics Inc is a nonprofit organization focused on Environment & Animals, based in BOZEMAN, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. Net investment income was $48K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,080,627 | $3,064,344 | $2,622,842 |
| Revenue | $4,899,075 | $3,166,391 | $2,599,465 |
| Expenses | $3,755,526 | $2,852,439 | $2,872,944 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $48,162 | $39,807 | $1,942 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICIA HERNANDEZ | Executive Dir. | 40 | $178,729 |
| KELLY POHL | ASSOC. DIRECTOR | 40 | $136,241 |
| KIMIKO BARRETT | RESEARCHER | 40 | $117,177 |
| KRISTIN SMITH | RESEARCHER | 40 | $100,580 |
| DOUGLAS GREEN | PROGRAM MANAGER | 40 | $110,927 |
| MEGAN LAWSON | RESEARCHER | 40 | $102,347 |
| CARMEN MCSPADDEN | President | 1 | — |
| BOB BUZZAS | Director | — | — |
| CATHY COSTAKIS | Director | — | — |
| JOE MCCARTY | Director | — | — |
| BILL STODDART | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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