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HEADWATERS ECONOMICS INC

EIN 74-3171967 BOZEMAN, MT

Revenue 2025
$3,143,592
Expenses 2025
$3,075,096

Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
C34
Classification
1200
Street
PO BOX 7059

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • PATRICIA HERNANDEZ

    Executive Dir.

    Total calculated
    $182,830
    From this org
    $176,603
    From related orgs
    $0
    Other
    $6,227
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,603
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,298
    Nontaxable benefits
    $929
    Filer's total
    $182,830
  • KELLY POHL

    ASSOC. DIRECTOR

    Total calculated
    $154,053
    From this org
    $133,642
    From related orgs
    $0
    Other
    $20,411
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,642
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,009
    Nontaxable benefits
    $16,402
    Filer's total
    $154,053
  • NATHAN KOMMERS

    MEDIA RELATIONS

    Total calculated
    $141,608
    From this org
    $121,812
    From related orgs
    $0
    Other
    $19,796
    Hours/week
    40
  • KIMIKO BARRETT

    RESEARCHER

    Total calculated
    $135,632
    From this org
    $116,032
    From related orgs
    $0
    Other
    $19,600
    Hours/week
    40
  • MEGAN LAWSON

    RESEARCHER

    Total calculated
    $115,501
    From this org
    $101,252
    From related orgs
    $0
    Other
    $14,249
    Hours/week
    40
  • DOUGLAS GREEN

    PROGRAM MANAGER

    Total calculated
    $112,367
    From this org
    $108,819
    From related orgs
    $0
    Other
    $3,548
    Hours/week
    40
  • RYAN HANDY

    PROGRAM MANAGER

    Total calculated
    $104,333
    From this org
    $104,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • CARMEN MCSPADDEN

    President

    Total calculated
    $0
    Hours/week
    1
  • BOB BUZZAS

    Director

    Total calculated
    $0
    Hours/week
    0
  • CATHY COSTAKIS

    Director

    Total calculated
    $0
    Hours/week
    0
  • JOE MCCARTY

    Director

    Total calculated
    $0
    Hours/week
    0
  • BILL STODDART

    Director

    Total calculated
    $0
    Hours/week
    0
  • MERYL HARRELL

    Director

    Total calculated
    $0
    Hours/week
    0
  • LISA STOEFFLER

    Director

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $3,143,592
    Expenses
    $3,075,096
    Contributions
    $2,821,175
    Grants paid
    $10,000
  • 2024
    Revenue
    $4,899,075
    Expenses
    $3,755,526
    Contributions
    $4,824,091
    Grants paid
    $0
  • 2023
    Revenue
    $3,166,391
    Expenses
    $2,852,439
    Contributions
    $3,053,249
    Grants paid
    $0
  • 2022
    Revenue
    $2,599,465
    Expenses
    $2,872,944
    Contributions
    $2,416,110
    Grants paid
    $50,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

Where these grants went next →

Grants received

  • 2023 WATER ACCESS AND CONSERVATION

  • 2022 WATER ACCESS AND CONSERVATION

  • 2022 TO PROVIDE GENERAL SUPPORT

  • 2023 TO PROVIDE GENERAL OPERATING SUPPORT.

  • MULTIPLIER

    $145,000

    2022 SUPPORT COMMUNITY WILDFIRE RESILIENCE IN MISSOULA COUNTY, MONTANA.

  • 2025 HEADWATERS ECONOMICS RECEIVED $115,000 FROM CDP'S PREPAREDNESS FUND TO PROVIDE TECHNICAL ASSISTANCE AND POLICY GUIDANCE TO RURAL COMMUNITIES IN COLORADO AND UTAH TO REDUCE WILDFIRE AND FLOOD RISKS. THE ORGANIZATION WILL HELP LOCAL GOVERNMENTS ADOPT WILDFIRE-RESISTANT BUILDING CODES AND DEVELOP FLOOD MITIGATION STRATEGIES, STRENGTHENING LONG-TERM RESILIENCE AND IMPROVING ACCESS TO FEDERAL DISASTER PROGRAMS.

  • MULTIPLIER

    $114,978

    2024 EQUITABLE CLIMATE RESILIENCE AND SUSTAINABILITY OUTCOMES FOR COMMUNITIES

  • 2022 WILDFIRE RESILIENCE RESEARCH AND SUPPORT

  • 2024 WATER ACCESS AND CONSERVATION

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The IRS Business Master File ingested 5 October 2026, which is when the registration facts above were last refreshed for every organization. Returns through tax year 2025, the newest we have parsed for this organization.