HEADWATERS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,803,216
Government Grants
90%
Program Services
5%
Other
4%
Investments
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,869,393
Salaries & Benefits
73%
Other
16%
Offices, Occupancy & IT
6%
Depreciation
4%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$9,000
$3,000
-67%
Government Grants
$1,597,449
$1,618,519
+1%
Fundraising Events
$0
$0
-
Program Services
$108,615
$99,113
-9%
Membership Dues
$0
$0
-
Investments
$9,465
$6,680
-29%
Other
$90,397
$75,904
-16%
Total Revenues
$1,814,926
$1,803,216
-1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,223,525
$1,372,477
+12%
Fees to Service Providers
$2,261
$472
-79%
Advertising & Promotion
$2,142
$1,475
-31%
Offices, Occupancy & IT
$132,355
$110,023
-17%
Interest
$0
$0
-
Depreciation
$44,987
$78,243
+74%
Other
$309,529
$306,703
-1%
Total Expenses
$1,714,799
$1,869,393
+9%
Net income
2023
2024
Change
Net income
+$100,127
-$66,177
-166%
Functional Expenses
Summary
2023
2024
Change
Program
$1,312,332
$1,433,152
+9%
Admin
$402,467
$436,241
+8%
Fundraising
$0
$0
-
Total Expenses
$1,714,799
$1,869,393
+9%
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