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Organizations Environmental Quality, Protection & Beautification Headwaters Economics Inc.

Headwaters Economics Inc.

Fiscal year ending 2020. Filed on April 21, 2021.

PO Box 7059
Bozeman, Montana 59771

Headwaters Economics Inc. (EIN: 74-3171967) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Headwaters Economics Inc., a 501(c)(3) charitable organization, reported compensation for 2 out of 11 total employees. Among the employees shown here, the average compensation is $150,397. The highest compensated employee at Headwaters Economics Inc. is Ray Rasker with fiscal year 2020 compensation of $173,308.

Revenue, expenses, and employee compensation

Revenue

$2,461,809

Expenses

$2,439,811

Employee compensation

$1,252,140
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Ray Rasker
Executive Director
$173,308
$162,922 No related comp$10,386
Patty Hernandez
Secretary and Treasurer
$127,485
$123,866 No related comp$3,619

Benchmark Employee Compensation

Non-Employee Board Members

Bill Stoddart
Director
Bob Buzzas
Director
Carmen McSpadden
President
Cathy Costakis
Director
Joe McCarty
Director

Contractors

Wildfire Planning International
Planning
$465,288
Azavea
Programming
$226,221
US Forest Service
Assessment Data
$103,018

Mission Statement

HEADWATERS ECONOMICS, INC. IS AN INDEPENDENT, NONPROFIT RESEARCH GROUP. OUR MISSION IS TO IMPROVE COMMUNITY DEVELOPMENT AND LAND MANAGEMENT DECISIONS.

Revisions to this organization profile

June 17, 2025:
2024 Headwaters Economics Inc. 990 filed
June 10, 2024:
2023 Headwaters Economics Inc. 990 filed
April 26, 2023:
2022 Headwaters Economics Inc. 990 filed

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