MONTANA IEC EDUCATION (EIN 200931777) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

CLAY LEDBETTER

Phone

4064319836

Tax Period

2024-01-01 to 2024-12-31

MONTANA IEC EDUCATION, founded in 2004, is a small nonprofit in the Education sector that reported $487K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $92K, a strong 19% operating margin.

Mission

The Organization's mission is to give outstanding classroom instruction and lab guidance to incoming electrical apprentices on their path to becoming Journeyman Wiremen. We will provide instruction from the latest IEC curriculum and our instructors will give guidance based the most current industry standards and electrical code.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,151

Program Service Revenue $458,459

Investment Income $6,170

Other Revenue $2,267

TOTAL REVENUE $487,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,858

Fundraising Expenses $0

Program Expenses $284,711

Other Expenses $218,217

TOTAL EXPENSES $395,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,047	$412,321	+0.2%
Expenses	$395,075	$382,166	+0.0%
Net Income	$91,972	$30,155	+2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$72,336

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER ST THOMAS	School Admin	40.00	Officer	$72,336	$0	$72,336
CLAY LEDBETTER	President	1.00	Officer Director	$0	$0	$0
JESS ARMITAGE	Vice President	1.00	Officer Director	$0	$0	$0
STEVE HARRNESS	Treasurer	1.00	Officer Director	$0	$0	$0

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	$487,047	$395,075	$512,142	$91,972
2023	$412,321	$382,166	$417,787	$30,155
2022	$482,492	$402,365	$392,416	$80,127
2021	$371,853	$223,523	$313,555	$148,330
2020	$230,132	$209,311	$170,328	$20,821
2019	$246,562	$108,751	$144,108	$137,811

MONTANA IEC EDUCATION