GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC DBA PROSPERA FOUNDATION

EIN: 203116452 501(c)(3) Community Improvement

Bozeman, MT

Total Revenue
$182,243
Total Expenses
$182,677
Total Assets
$422,048
Net Assets
$421,893
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MT
Principal Officer
PAUL REICHERT
Phone
4065873113
Tax Period
2024-01-01 to 2024-12-31

GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC DBA PROSPERA FOUNDATION, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $182K in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. Net assets of $422K represent 28 months of operating reserves.

Mission

THE FOUNDATION WORKS TO STRENGTHEN THE ECONOMY OF GALLATIN COUNTY, MONTANA THROUGH LOCAL BUSINESS DEVELOPMENT ACTIVITIES IN AN EFFORT TO ATTRACT, RETAIN AND GROW JOBS AND BUSINESSES THROUGHOUT GALLATIN COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $152,318
Program Service Revenue $0
Investment Income $12,649
Other Revenue $17,276
TOTAL REVENUE $182,243

Expense Breakdown

Grants Paid $161,947
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $161,947
Other Expenses $20,730
TOTAL EXPENSES $182,677

Year-over-Year Comparison

2024 2023 Change
Revenue $182,243 $95,638 +0.9%
Expenses $182,677 $86,940 +1.1%
Net Income $-434 $8,698 -1.0%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
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
7
$252,706
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL REICHERT Executive Dir 1.00
Officer
$0 $12,546 $132,549
CAROLYN MURRAY FINANCE DIR 0.50
Officer
$0 $18,651 $120,157
STEPHANIE GRAY Director 0.50
Director
$0 $0 $0
MARLEY MCKENNA Director 0.50
Director
$0 $0 $0
SKY COOK Past President 0.50
Officer Director
$0 $0 $0
ANNA JOHNSON Director 0.50
Director
$0 $0 $0
BRYAN ROBERTUS Director 0.50
Director
$0 $0 $0
CAREY LEEP Director 0.50
Director
$0 $0 $0
COLEE WINGO Director 0.50
Director
$0 $0 $0
JASON JOHNSON President 0.50
Officer Director
$0 $0 $0
DANIEL JULIANO Director 0.50
Director
$0 $0 $0
SCOTT SEHNERT Director 0.50
Director
$0 $0 $0
JON AYRES Treasurer 0.50
Officer Director
$0 $0 $0
VALERIE EDWARDS Director 0.50
Director
$0 $0 $0
MATT SZCZEPANSKI Secretary 0.50
Officer Director
$0 $0 $0
AMY MCNULTY PRESIDENT ELECT 0.50
Officer Director
$0 $0 $0
EMMETT HASLER Director 0.50
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 $182,243 $182,677 $422,048 $-434
2021 $380,161 $240,134 $612,555 $140,027
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