Headwaters Trail System
Headwaters Trail System shows consistent revenue and asset growth with zero liabilities and no officer compensation.
EIN: 208266086 · Three Forks, MT · NTEE: C50 · Updated: 2026-03-28
Source Check Matrix
What Has Been Verified vs. What Needs Human Review
Identity resolved verified
Headwaters Trail System is mapped to EIN 208266086.
IRS BMF exempt record needs review
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IRS Pub 78 deductibility needs review
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IRS automatic revocation needs review
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IRS Form 990 index verified
3 stored filing years available.
Raw 990 source linked
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Filing depth verified
3 stored filing years available.
State charity registration manual confirmation
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Candid / GuideStar profile api pending
Candid API access is not configured; open manually and do not count as verified evidence.
Charity Navigator rating api pending
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Source and Resolution Links
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Workflow Engine
Queries We Should Resolve, Not Just Answer
Search Console demand points to task completion. Each workflow can run calculations, source checks, external lookups, comparisons, and report/export capture around this nonprofit.
Verify tax status Runnable
Triggered by: 501(c)(3), tax deductible, EIN
IRS status check plus source links
Verify official evidence Runnable
Triggered by: IRS Pub 78, BMF, revocation, 990 index, state registration
Official-source evidence matrix with human stops where a state portal must be checked.
Resolve tax deductibility Runnable
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Pub 78, BMF, and revocation checks turned into a donor-safe deductibility path.
Check state solicitation Runnable
Triggered by: allowed to solicit, charity registration, state compliance
Official state regulator route with human confirmation when no reliable API exists.
Find source filings Runnable
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3 stored filing years plus ProPublica source
Crunch money signals Runnable
Triggered by: program expense ratio, CEO salary, revenue, grants
90% program spend, health grade A
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4 peer options surfaced
Resolve leadership and board Runnable
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Analyze executive compensation Runnable
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Eligibility, money signals, sources, peer context, and next action.
Grantmaker due diligence Runnable
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Foundation-style packet across filings, finances, governance, and gaps.
Build grant/funder shortlist Runnable
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Geography, cause, evidence gaps, and peers converted into a funder/grantee action path.
Impact evidence finder Runnable
Triggered by: outcomes, annual report, cost effectiveness
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Room for more funding Runnable
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Create compliance monitor Runnable
Triggered by: watch new 990, revocation, Pub 78, registration changes
Monitoring plan for IRS status, new filings, revocation signals, and state follow-ups.
| Metric | Value |
|---|---|
| Total Revenue | $303K |
| Total Expenses | $31K |
| Program Spending | 90% |
| Net Assets | $431K |
| Transparency Score | 95/100 |
Search Intent Cockpit
Headwaters Trail System Form 990, Revenue, CEO Pay, and IRS Filing Signals
Headwaters Trail System is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Headwaters Trail System in one place.
Form 990 Filing Summary
3 filing years are available, with latest revenue of $182K and expenses of $31K.
Revenue and Expenses
Headwaters Trail System reported $182K in revenue and $31K in expenses, a surplus of $151K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Headwaters Trail System Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $28K (90%) |
Across stored filings, Headwaters Trail System shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 3 stored filing years |
| Peer context | Compare with Montana 4 H Foundation Inc | Montana and Environment context |
Trust Check
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Compare with Montana 4 H Foundation Inc →All Montana nonprofits
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Three Forks, MT nonprofitsEnvironment in Montana
Environment in Montana
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State spending analysisState compensation analysis
Environment spending
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Donation Decision Flow
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Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for Headwaters Trail System with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.
Headwaters Trail System directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Headwaters Trail System
Headwaters Trail System (EIN: 208266086) is a nonprofit organization based in Three Forks, MT, classified under NTEE code C50. The organization reported total revenue of $303K and total assets of $798K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Headwaters Trail System's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Headwaters Trail System is a small nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2020–2022). Revenue has grown at a compound annual rate of 61.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $31K |
| Surplus / Deficit | +$151K |
| Total Assets | $431K |
| Net Assets | $431K |
| Operating Margin | 82.9% |
| Months of Reserves | 166.9 months |
Financial Health Grade: A
In 2022, Headwaters Trail System reported a surplus of $151K with revenue exceeding expenses, holds 166.9 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2020–2022), Headwaters Trail System's revenue has grown at a compound annual growth rate (CAGR) of 61.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +100.4% | +14.6% | +56.8% |
| 2021 | +29.9% | +30.0% | +102.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Headwaters Trail System with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Headwaters Trail System allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $151K, with revenue exceeding expenses.
Executive Compensation Analysis
Headwaters Trail System reports 0% officer compensation across all three filings, indicating that no executive salaries are paid, which is highly commendable for a nonprofit of its size and mission focus.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Headwaters Trail System:
- Consistent revenue growth (from $69,699 in 2020 to $181,501 in 2022)
- Significant asset growth (from $135,937 in 2020 to $430,782 in 2022)
- Zero reported liabilities across all filings, indicating strong financial stability
- 0% officer compensation, demonstrating high commitment to mission and efficiency
- Very low expense ratio relative to revenue, suggesting efficient use of funds
Frequently Asked Questions about Headwaters Trail System
Is Headwaters Trail System a legitimate charity?
Headwaters Trail System (EIN: 208266086) is a registered tax-exempt nonprofit based in Montana. Our AI analysis gives it a Mission Score of 95/100. It has 3 years of IRS 990 filings on record. Total revenue: $303K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Headwaters Trail System spend its money?
Headwaters Trail System directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Headwaters Trail System tax-deductible?
Headwaters Trail System is registered as a tax-exempt nonprofit (EIN: 208266086). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Headwaters Trail System compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Headwaters Trail System is above average for NTEE category C50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Headwaters Trail System located?
Headwaters Trail System is headquartered in Three Forks, Montana and files with the IRS under EIN 208266086. It is classified under NTEE code C50.
How many years of IRS 990 filings does Headwaters Trail System have?
Headwaters Trail System has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $303K in total revenue.
Is Headwaters Trail System a good charity?
Yes, Headwaters Trail System appears to be a very good charity. It demonstrates strong financial health, efficient spending, consistent growth, and a clear commitment to its mission with no reported officer compensation.
How has Headwaters Trail System's financial health changed over the past three years?
The organization's financial health has significantly improved, with revenue growing from $69,699 in 2020 to $181,501 in 2022, and assets increasing from $135,937 to $430,782 over the same period. Liabilities remained at $0.
What is Headwaters Trail System's spending efficiency?
Headwaters Trail System exhibits excellent spending efficiency. For example, in 2022, expenses were only $30,969 against $181,501 in revenue, indicating a very high proportion of funds are retained or directly applied to its mission.
Filing History
IRS 990 filing history for Headwaters Trail System showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), Headwaters Trail System's revenue has grown by 160.4%, moving from $70K to $182K. Total assets increased by 216.9% over the same period, from $136K to $431K. Total functional expenses rose by 48.9%, from $21K to $31K. In its most recent filing year (2022), Headwaters Trail System reported a surplus of $151K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $182K | $31K | $431K | $0 | — | View 990 |
| 2021 | $91K | $27K | $275K | $0 | — | View 990 |
| 2020 | $70K | $21K | $136K | $0 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $182K, expenses of $31K, and assets of $431K (revenue +100.4% year-over-year).
- 2021: Revenue of $91K, expenses of $27K, and assets of $275K (revenue +29.9% year-over-year).
- 2020: Revenue of $70K, expenses of $21K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Headwaters Trail System:
Data Sources and Methodology
This transparency report for Headwaters Trail System is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.