Civic Intelligence

Headwaters Resource Conservation and Development Area Inc.

990 • Fiscal year 2018 • EIN 23-7380551

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

65 E BroadwayButte, MT 59701

(406) 533-6781

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.47x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

3.34x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

62nd percentile

7.8%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

38th percentile

$15,541

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.4%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

33rd percentile

-2.5%

Faster revenue growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,494,995

Up $515,893 (+13%) from 2016

Net Assets

Up

$2,375,251

Up $13,378 (+0.6%) from 2016

Liabilities

Up

$2,119,744

Up $502,515 (+31%) from 2016

Revenue

Down

$633,868

Down $176,686 (-22%) from 2016

Expenses

Down

$584,480

Down $178,345 (-23%) from 2016

Net Income

Up

$49,388

Up $1,659 (+3.5%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,553,760Liabilities 2010: $1,576,221Net Assets 2010: $1,977,5392010Assets 2013: $4,212,689Liabilities 2013: $1,743,720Net Assets 2013: $2,468,9692013Assets 2014: $4,126,533Liabilities 2014: $1,678,513Net Assets 2014: $2,448,0202014Assets 2015: $3,953,121Liabilities 2015: $1,638,977Net Assets 2015: $2,314,1442015Assets 2016: $3,979,102Liabilities 2016: $1,617,229Net Assets 2016: $2,361,8732016Assets 2018: $4,494,995Liabilities 2018: $2,119,744Net Assets 2018: $2,375,2512018Assets 2019: $5,075,089Liabilities 2019: $2,604,994Net Assets 2019: $2,470,0952019Assets 2020: $5,158,740Liabilities 2020: $2,599,149Net Assets 2020: $2,559,5912020Assets 2021: $5,696,045Liabilities 2021: $2,652,977Net Assets 2021: $3,043,0682021Assets 2024: $6,177,220Liabilities 2024: $1,995,019Net Assets 2024: $4,182,2012024

Highlighted filing

2018

Assets$4,494,995
Liabilities$2,119,744
Net Assets$2,375,251

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $963,6832010Revenue 2013: $1,104,707Expenses 2013: $699,116Net Income 2013: $405,5912013Revenue 2014: $835,392Expenses 2014: $856,341Net Income 2014: -$20,9492014Revenue 2015: $907,622Expenses 2015: $1,041,498Net Income 2015: -$133,8762015Revenue 2016: $810,554Expenses 2016: $762,825Net Income 2016: $47,7292016Revenue 2018: $633,868Expenses 2018: $584,480Net Income 2018: $49,3882018Revenue 2019: $740,224Expenses 2019: $645,380Net Income 2019: $94,8442019Revenue 2020: $996,266Expenses 2020: $828,686Net Income 2020: $167,5802020Revenue 2021: $1,614,818Expenses 2021: $1,143,841Net Income 2021: $470,9772021Revenue 2024: $1,739,274Expenses 2024: $931,359Net Income 2024: $807,9152024

Highlighted filing

2018

Revenue$633,868
Expenses$584,480
Net Income$49,388
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$633,868
Mission and Program Overview

Mission

To meet the needs of the people, achieve the objectives and goals of the area plan/comprehensive economic strategy; a community or group approach in solving cultural, social, and economic problems is encouraged.

Conservation and improvement of human and natural resources and local economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,119,701$2,944,060▼ $175,641
Savings and Temporary Cash Investments$1,084,260$1,397,499▲ $313,239
Accounts Receivable$29,428$99,901▲ $70,473
Cash and Non-Interest-Bearing Accounts$30,022$27,938▼ $2,084
Land, Buildings, and Equipment, Net$0$22,531▲ $22,531
Prepaid Expenses and Deferred Charges$2,187$3,066▲ $879
Total Assets$4,265,598$4,494,995▲ $229,397
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,894,121$2,006,724▲ $112,603
Accounts Payable and Accrued Expenses$45,614$113,020▲ $67,406
Total Liabilities$1,939,735$2,119,744▲ $180,009
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,294,051$2,338,392▲ $44,341
Unrestricted Net Assets$31,812$36,859▲ $5,047
Total Net Assets Fund Balance$2,325,863$2,375,251▲ $49,388
Total Liabilities and Net Assets / Fund Balance$4,265,598$4,494,995▲ $229,397

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,531$3,976$26,507
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph WillauerExecutive DirectorFT$15,541$15,541

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$550
Program Service Revenue
$632,038
Investment Income
$1,280
Other Revenue
$0
Change in Net Assets
$49,388

Audited Revenue Reconciliation

Revenue per Audited Statements
$633,868
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$633,868
Total Revenue per Form 990
$633,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$381,830
Salaries, Compensation, and Employee Benefits$202,650
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$148,163$10,185-$158,348
Office Expenses$61,953$18,095-$80,048
Fees for Services Accounting$15,730$18,000-$33,730
Interest$26,713--$26,713
Payroll Taxes$16,210$1,114-$17,324
Travel$13,840$2,058-$15,898
Current Officers, Directors, Trustees, and Key Employees$14,542$1,000-$15,542
Other Employee Benefits$7,516$517-$8,033
Depreciation Depletion-$3,976-$3,976
Conferences and Meetings$3,383$101-$3,484
Pension Plan Contributions$3,184$219-$3,403
All Other Expenses$2,518$667-$3,185
Other Expenses$2,151$0-$2,151
Total Functional Expenses$528,548$55,932$0$584,480

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$594,040
Expenses per Audited Statements$584,480
Total Expenses per Form 990$584,480
Expenses Not Reported on Form 990$9,560
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A (pdf) electronic copy of form 990 will be e-mailed to board members for review and discussion before the return is filed.

Form 990, Part VI, Section B, Line 12C

Each board member signs a copy at the beginning of each year.

Form 990, Part VI, Section B, Line 15

When establishing the salary of the executive director's office peer agencies will be consulted in order to determine that the salary is not considered excessive.

Form 990, Part VI, Section C, Line 19

The financial statements, audit report, all supporting documentation, and governing documents are available in print and copies are available upon request.

Form 990, Part VI, Section C, Line 18

The audit report, from 990, all supporting documentation and organizational documents are kept at the hrdc office. All documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Headwaters Resource Conservation and
EIN
23-7380551
Phone
4065336781
Address
65 E BROADWAY, BUTTE, MT 59701

Signing Officer

Name
Joe Willauer
Title
Executive Director
Phone
4067827333
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Willauer
Formed
1987
Legal Domicile
Mt
Voting Board Members
21
Independent Board Members
21
Employees
11
Volunteers
0

Preparer

Firm
Newland and Company Pc
Address
PO BOX 3006, BUTTE, MT 59702-3006
Preparer
Debbie Ouellette
Phone
4064944754
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There have been no changes to the process from the prior year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fees for service - non-cash

PART XII, LINE 2D - OTHER ADJUSTMENTS:

In-kind expense - non-cash 9,560. Technical assistance - non-cash

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IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
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