Headwaters Land Conservancy is a 501(c)(3) organization based in Gaylord, Michigan, registered in 1994, with $257,417 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$257K
▼ 62.9% vs prior year
Environment median: $250K
Expenses (FY2024)
$320K
Net assets
$1.9M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Headwaters Land Conservancy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Headwaters Land Conservancy: 71 mo reserves · -24% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Headwaters Land Conservancy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Headwaters Land Conservancy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $116K (FY2010) to $257K (FY2024) across 13 reported years.
Financial snapshot
Operating margin
-24.4%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$130K
Net assets
$1.9M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $257,417▼62.9% | $320,112▼59.1% | $1,892,223▲0.9% | $2,022,158▲3.4% | 990 |
| 2023 | $694,478▲6.6% | $782,010▲2.6% | $1,876,092▲0.3% | $1,956,056▲3.7% | 990 |
| 2022 | $651,210▲26.5% | $762,117▲179% | $1,870,619▼5.6% | $1,886,620▼5.6% | 990 |
| 2021 | $514,913▲3.5% | $273,324▲8.6% | $1,981,526▲13.9% | $1,999,161▲14.0% | 990 |
| 2020 | $497,361▲7.7% | $251,704▼0.3% | $1,739,937▲16.4% | $1,753,327▲16.5% | 990 |
| 2019 | $461,622▲26.8% | $252,464▲1.0% | $1,494,280▲16.3% | $1,505,236▲16.2% | 990 |
| 2018 | $363,922▼61.0% | $250,017▼2.0% | $1,285,122▲9.7% | $1,295,282▲9.7% | 990 |
| 2017 | $933,744▲535% | $255,055▲17.8% | $1,171,217▲138% | $1,180,372▲136% | 990 |
| 2016 | $147,038▼43.8% | $216,452▲15.9% | $492,528▼12.4% | $500,517▼12.1% | 990 |
| 2015 | $261,511▲128% | $186,690▼12.0% | $561,942▲15.4% | $569,329▲15.0% | 990 |
| 2014 | $114,588▼47.7% | $212,186▼11.9% | $487,121▼16.7% | $494,855▼16.5% | 990 |
| 2013 | $218,990 | $240,925▲14.5% | $584,719▼3.6% | $592,326▼4.0% | 990 |
| 2012 | — | $210,464▲66.9% | $606,654▼3.3% | $617,112▼3.4% | 990 |
| 2011 | — | $126,122▲2.4% | $627,524▲156% | $639,133▲101% | 990 |
| 2010 | $116,130 | $123,204 | $244,737 | $317,733 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
11 grants to Headwaters Land Conservancy totaling $376K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Toledo Community Foundation | Matching fund campaign | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $10,000 |
| Donor Advised Charitable Giving | Environmental and animals | 2021 | $11,500 |
| Donor Advised Charitable Giving | Environmental and animals | 2020 | $5,000 |
| Donor Advised Charitable Giving | Environmental and animals | 2020 | $5,000 |
| Donor Advised Charitable Giving | Environmental and animals | 2019 | $7,115 |
| Nature Conservancy | Conservation activities | 2018 | $155,000 |
| Toledo Community Foundation | Endowment fund | 2018 | $50,000 |
| Nature Conservancy | Conservation activities | 2017 | $109,568 |
| Toledo Community Foundation | General support | 2017 | $5,000 |
| Toledo Community Foundation | Property maintenance endowment | 2016 | $7,500 |
Explore more
Data for Headwaters Land Conservancy (EIN 38-3183846) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.