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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Environmental Quality, Protection & Beautification Headwaters Economics Inc.

Headwaters Economics Inc.

Fiscal year ending 2024. Filed on June 17, 2025.

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 2024 IRS Form 990 filing, Headwaters Economics Inc., a 501(c)(3) charitable organization, reported compensation for 6 out of 15 total employees. Among the employees shown here, the average compensation is $135,883. The highest compensated employee at Headwaters Economics Inc. is Patricia Hernandez with fiscal year 2024 compensation of $184,091.

Revenue, expenses, and employee compensation

Revenue

$4,899,075

Expenses

$3,755,526

Employee compensation

$1,754,301
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Patricia Hernandez
Executive Director
$184,091
$178,729 No related comp$5,362
Kelly Pohl
Associate Director
$153,072
$136,241 No related comp$16,831
Kimiko Barrett
Researcher
$133,361
$117,177 No related comp$16,184
Kristin Smith
Researcher
$115,530
$100,580 No related comp$14,950
Douglas Green
Program Manager
$115,050
$110,927 No related comp$4,123
Megan Lawson
Researcher
$114,191
$102,347 No related comp$11,844

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Element 84 Inc.
Research
$446,885
Pyrologix LLC
Research
$237,143
University of Kansas Center for Research
Research
$100,872

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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