WHITEFISH LEGACY PARTNERS INC

EIN: 200674119 501(c)(3) Environment

WHITEFISH, MT

Total Revenue
$2,515,854
Total Expenses
$911,218
Total Assets
$3,517,358
Net Assets
$3,503,055
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MT
Principal Officer
REID SABIN
Phone
4068623880
Tax Period
2023-01-01 to 2023-12-31

WHITEFISH LEGACY PARTNERS INC, founded in 2003, is a community nonprofit in the Environment sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 64% operating margin.

Mission

WHITEFISH LEGACY PARTNERS IS A NON-PROFIT ORGANIZATION WHOSE COMMUNITY-MINDED VISION IS TO ENSURE CONSERVATION, RECREATION AND EDUCATION ON THE LANDS AROUND WHITEFISH FOR FUTURE GENERATIONS.

Program Service Accomplishments

Program 1
Expenses: $523,517

RECREATION: THE WHITEFISH TRAIL IS OUR ANCHOR RECREATION PROJECT OFFERING A NON-MOTORIZED, MULTI-USE TRAIL NETWORK AND TRAILHEADS READILY ACCESSED FROM TOWN. THE TRAIL IS OPEN TO HIKERS, BIKERS, AND...

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RECREATION: THE WHITEFISH TRAIL IS OUR ANCHOR RECREATION PROJECT OFFERING A NON-MOTORIZED, MULTI-USE TRAIL NETWORK AND TRAILHEADS READILY ACCESSED FROM TOWN. THE TRAIL IS OPEN TO HIKERS, BIKERS, AND HORSE USERS AND IS COMPRISED OF STACKED LOOPS, SCENIC OVERLOOKS, SINGLE-TRACK TRAIL AND GATED LOGGING ROADS. OUR VISION IS TO CREATE A 55-MILE RECREATIONAL LOOP TRAIL AROUND WHITEFISH LAKE CONNECTING THE COMMUNITY OF WHITEFISH TO THE ADJACENT STATE AND FEDERAL LANDS. ONGOING OPERATIONS AND MAINTENANCE IS MANAGED THROUGH A PARTNERSHIP WITH THE CITY OF WHITEFISH AND IS FUNDED 100% THROUGH THE WT ENDOWMENT FUND AND WHITEFISH LEGACY PARTNERS. THE WHITEFISH TRAIL AND TRAILHEAD CONSTRUCTION TO CLOSE THE LOOP OF THE WHITEFISH TRAIL IS FUNDED THROUGH GRANTS AND MATCHING FUNDS RAISED BY WHITEFISH LEGACY PARTNERS. THE CLOSE THE LOOP EFFORTS WILL PLAN, DESIGN, AND FUND THE FINAL PHASES OF THE WHITEFISH TRAIL BY YEAR 2025.

Program 2
Expenses: $174,475 Revenue: $2,638

OPERATIONS & EDUCATION: WHITEFISH LEGACY PARTNERS WORKS AS THE COMMUNITY PARTNER AND CATALYST TO CREATE A NATURAL SURFACE TRAIL SYSTEM, KNOWN AS THE WHITEFISH TRAIL, ENCOMPASSING THE 13,000 ACRES OF...

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OPERATIONS & EDUCATION: WHITEFISH LEGACY PARTNERS WORKS AS THE COMMUNITY PARTNER AND CATALYST TO CREATE A NATURAL SURFACE TRAIL SYSTEM, KNOWN AS THE WHITEFISH TRAIL, ENCOMPASSING THE 13,000 ACRES OF STATE LANDS IN OUR STUNNING BACKYARD. OUR WORK PERMANENTLY PROTECTS AND CONNECTS THESE IMPORTANT LANDSCAPES, SUPPORTS THE GROWTH OF TOURISM AND THE LOCAL ECONOMY, AND ENGAGES THE LOCAL COMMUNITY THROUGH MUTUALLY BENEFICIAL AND SUSTAINABLE SOLUTIONS. WLP'S EDUCATION AND STEWARDSHIP PROGRAMS ON THE WHITEFISH TRAIL OFFER A UNIQUE OPPORTUNITY TO CULTIVATE CONNECTIONS BETWEEN OUR COMMUNITY, OUR NATURAL LANDS, AND OUR OUTDOOR HERITAGE. WHITEFISH LEGACY PARTNERS FACILITATES OUTINGS ON THE TRAIL AND WE STRIVE TO EDUCATE LOCALS, VISITORS, AND YOUTH ABOUT CONSERVATION AND THE INTERWOVEN ELEMENTS OF A THRIVING FOREST, SCENIC VIEWSHEDS, CLEAN WATER, CRITICAL WILDLIFE CORRIDORS, AND QUALITY RECREATION OPPORTUNITIES. EDUCATION AND STEWARDSHIP PROGRAMS ARE FUNDED 100% THROUGH WHITEFISH LEGACY PARTNERS ANNUAL OPERATIONS, GRANTS, AND PRIVATE FUNDRAISING EFFORTS.

Program 3
Expenses: $139,508

CONSERVATION: OUR COMMUNITY CONSERVATION PROJECTS KNOWN LOCALLY AS SMITH LAKE LEGACY AND PLACES WORTH PROTECTING CREATE A LEGACY OF PERMANENT, PUBLIC ACCESS TO CLEAN WATER, WILDLIFE HABITAT...

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CONSERVATION: OUR COMMUNITY CONSERVATION PROJECTS KNOWN LOCALLY AS SMITH LAKE LEGACY AND PLACES WORTH PROTECTING CREATE A LEGACY OF PERMANENT, PUBLIC ACCESS TO CLEAN WATER, WILDLIFE HABITAT, UNCLUTTERED VIEWS, HIGH QUALITY RECREATION, WORKING FORESTS. OUR WORK CREATES PERMANENT, PUBLIC ACCESS AND TRAILS IN SUSTAINABLE, WORKING FORESTS THROUGH A COMBINATION OF LICENSES, AGREEMENTS, EASEMENTS, LAND SWAPS, COMMUNITY FORESTS, COMMUNITY STEWARDSHIP, AND OTHER INNOVATIVE SOLUTIONS. OUR PLACES WORTH PROTECTING WORK IDENTIFIES OUR PRIORITY CONSERVATION STRATEGIES, DRIVES THE LEGALLY COMPLEX TRANSACTIONS, AND DIRECTS THE COMPLICATED FUNDING MECHANISMS AND OPPORTUNITIES. THE SMITH LAKE LEGACY EFFORTS WILL PROTECT AN ADDITIONAL 800 ACRES BY YEAR 2025.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,410,623
Program Service Revenue $2,638
Investment Income $53,197
Other Revenue $49,396
TOTAL REVENUE $2,515,854

Expense Breakdown

Grants Paid $0
Salaries & Benefits $398,073
Fundraising Expenses $50,426
Program Expenses $837,500
Other Expenses $513,145
TOTAL EXPENSES $911,218

Year-over-Year Comparison

2023 2022 Change
Revenue $2,515,854 $1,108,280 +1.3%
Expenses $911,218 $930,952 0.0%
Net Income $1,604,636 $177,328 +8.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
7
Volunteers
176

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$105,652
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE JOPEK CHAIR 0.84
Officer Director
$0 $0 $0
REID SABIN VICE CHAIR 0.94
Officer Director
$0 $0 $0
JULIE BALDRIDGE TREASURER 0.92
Officer Director
$0 $0 $0
SOMER TREAT SECRETARY 0.92
Officer Director
$0 $0 $0
DIANE CONRADI NONVOTING DIRECTOR 0.53
Director
$0 $0 $0
LESLIE HUNT PAST CHAIR 0.53
Director
$0 $0 $0
MARISSA KEENAN DIRECTOR 0.53
Director
$0 $0 $0
MIKE MEADOR DIRECTOR 0.53
Director
$0 $0 $0
NICK POLUMBUS DIRECTOR 0.53
Director
$0 $0 $0
ERIN SABIN DIRECTOR 0.53
Director
$0 $0 $0
RACHEL SCHMIDT DIRECTOR 0.53
Director
$0 $0 $0
BECKY SMITH-POWELL DIRECTOR 0.53
Director
$0 $0 $0
HEIDI VAN EVEREN EXECUTIVE DIRECTOR 40.00
Officer
$94,992 $10,660 $105,652
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,515,854 $911,218 $3,517,358 $1,604,636
2022 $1,108,280 $930,952 $1,913,634 $177,328
2021 $824,456 $381,461 $1,697,512 $442,995
2020 $594,138 $411,401 $1,285,260 $182,737
2019 $525,523 $402,059 $1,069,280 $123,464
2018 $512,044 $613,504 $919,533 $-101,460
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