Headwaters Health Foundation Of Western Montana
- Assets
- $106.1m
- Revenue
- $5.6m
- Investments
- $100.2m
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 08/2016
- Data as of
- 12/2020
- EIN
- 81-1099715
Organization Overview
Headwaters Health Foundation Of Western Montana is located in Missoula, MT. The organization was established in 2016. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headwaters Health Foundation Of Western Montana is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Headwaters Health Foundation Of Western Montana generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (50.1%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Headwaters Health Foundation Of Western Montana has awarded 518 individual grants totaling $18,952,910. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda L Solorzano-Claudle Chief Executive Officer | 40 | $297,193 | |
Mynor Veliz Chief Financial Officer | 40 | $239,410 | |
Erin Switalski Program Director | 40 | $121,038 | |
Marguerite Seldin Jimenez Evaluation And Opera | 40 | $103,341 | |
Ashley N Shaw Grants Manager | 40 | $84,099 | |
Stephanie Schilling Program Associate | 40 | $77,695 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fsg Inc | 12/30/21 | $128,933 |
Moss Adams Llp | 12/30/21 | $65,870 |
Mcewen Big Sky Llc | 12/30/21 | $76,421 |
Resource Media | 12/30/21 | $56,000 |
Wipfli Llp | 12/30/21 | $52,695 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $523,100 |
| Interest on Savings | $76 |
| Dividends & Interest | $998,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,764 |
| Capital Gain Net Income | $941,737 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,884,693 |
| Total Revenue | $5,570,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $645,422 |
| Other employee salaries and wages | $266,452 |
| Pension plans, employee benefits | $291,891 |
| Interest | $196,364 |
| Taxes | $130,029 |
| Depreciation | $27,377 |
| Occupancy | $108,647 |
| Travel, conferences, and meetings | $48,454 |
| Printing and publications | $38 |
| Other expenses | $120,085 |
| Total operating and administrative expenses | $2,555,173 |
| Contributions, gifts, grants paid | $3,603,752 |
| Total expenses and disbursements | $6,158,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,787,407 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $82,423,176 |
| Net Land, buildings, and equipment | $1,209,580 |
| Other assets | $0 |
| Total assets | $106,148,941 |
| Accounts payable and accrued expenses | $12,805 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $263,955 |
| Total liabilities | $276,760 |
Grants Awarded
Over the last fiscal year, Headwaters Health Foundation Of Western Montana has awarded $9,508,500 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
Billings, MT PURPOSE: GENERAL OPERATING | $750,000 |
Pablo, MT PURPOSE: CENTER FOR PREVENTION AND WELLNESS | $750,000 |
MONTANA WOMEN VOTE PURPOSE: GENERAL OPERATING | $750,000 |
Helena, MT PURPOSE: GENERAL OPERATING | $675,000 |
BUTTE 4 C'S PURPOSE: GENERAL OPERATING | $650,000 |
LINCOLN COUNTY HEALTH DEPARTMENT PURPOSE: GENERAL OPERATING | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wyoming Medical Center Foundation Casper, WY | $297,053,839 | $17,341,207 |
St Lukes Health Foundation Ltd Boise, ID | $50,176,105 | $12,367,207 |
Sanford Health Foundation North Sioux Falls, SD | $106,387,743 | $12,791,067 |
Headwaters Health Foundation Of Western Montana Missoula, MT | $106,148,941 | $5,570,203 |
Dakota Medical Foundation Fargo, ND | $43,203,440 | $5,722,440 |
Lifescape Sioux Falls, SD | $318,250 | $4,148,590 |
St Josephs Hospital Foundation Dickinson, ND | $6,830,707 | $727,456 |
St Josephs Foundation Minot, ND | $15,872,475 | $1,677,022 |
Steele Memorial Benefit Association Salmon, ID | $508,578 | $316,719 |
Montana Medical Association Foundation Helena, MT | $223,781 | $301,727 |
Fund For Advancement Of Medical Education And Research Sioux Falls, SD | $3,786,073 | $534,805 |
Brookings Health System Foundation Brookings, SD | $1,509,293 | $202,796 |