BIG SKY ECONOMIC DEVELOPMENT CORPO… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

TAMI FLEETWOOD

Phone

4062566871

Tax Period

2024-07-01 to 2025-06-30

BIG SKY ECONOMIC DEVELOPMENT CORPORATION, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $771K, a strong 33% operating margin.

Mission

TO PROMOTE, STIMULATE, AND ADVANCE THE GENERAL WELFARE AND ECONOMIC DEVELOPMENT FOR BILLINGS, YELLOWSTONE COUNTY, AND THE STATE OF MONTANA.

Program Service Accomplishments

Program 1

Expenses: $184,074

RECRUIT BUSINESSES TO BILLINGS AND YELLOWSTONE COUNTY.

Program 2

Expenses: $143,288

RECRUIT, RETAIN, AND ENGAGE MEMBER INVESTORS IN ECONOMIC DEVELOPMENT ACTIVITIES IN BILLINGS, YELLOWSTONE COUNTY, AND THE STATE OF MONTANA.

Program 3

Expenses: $993,390 Revenue: $648,289

PROVIDE BUSINESS FINANCING OPPORTUNITIES VIA A REVOLVING LOAN PROGRAM OR THE SBA 504 LOAN PROGRAM.

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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 $1,527,678

Program Service Revenue $647,499

Investment Income $181,904

Other Revenue $790

TOTAL REVENUE $2,357,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $991,926

Fundraising Expenses $0

Program Expenses $1,470,495

Other Expenses $595,186

TOTAL EXPENSES $1,587,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,357,871	$3,187,457	-0.3%
Expenses	$1,587,112	$1,565,004	+0.0%
Net Income	$770,759	$1,622,453	-0.5%

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

N/A

Volunteers

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

$181,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY GOTT	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
BOB WILMOUTH	DIRECTOR	1.00	Director	$0	$0	$0
COLE DERKS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE BALLARD	DIRECTOR	1.00	Director	$0	$0	$0
DJ CLARK	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE WARMER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KOBZA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER WEAVER KONDRACKI	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JERRY SIMONSON	DIRECTOR	1.00	Director	$0	$0	$0
JUDI POWERS	DIRECTOR	1.00	Director	$0	$0	$0
KEAGAN HARSHA	DIRECTOR	1.00	Director	$0	$0	$0
KIM JAKUB	DIRECTOR	1.00	Director	$0	$0	$0
MARK MORSE	DIRECTOR	1.00	Director	$0	$0	$0
MATT ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MARSH	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY SCHWEND	DIRECTOR	1.00	Director	$0	$0	$0
NICK PANCHEAU	CHAIR	1.00	Officer Director	$0	$0	$0
NICOLE MEHLING	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER FREDERICK	DIRECTOR	1.00	Director	$0	$0	$0
STEFANI HICSWA	MEMBER AT LARGE	1.00	Officer Director	$0	$0	$0
TYLER WILTGEN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ARVESCHOUG	EXECUTIVE DIRECTOR	40.00	Officer	$0	$27,153	$181,036

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
2025	$2,357,871	$1,587,112	$6,047,605	$770,759
2024	$3,187,457	$1,565,004	$5,205,774	$1,622,453
2023	$2,056,608	$1,489,314	$3,741,252	$567,294
2022	$1,982,472	$1,912,681	$3,059,757	$69,791
2021	$1,497,657	$1,367,194	$2,995,262	$130,463
2020	$2,204,108	$2,684,425	$2,847,135	$-480,317
2019	$1,667,663	$1,908,583	$3,470,900	$-240,920
2018	$1,320,889	$1,001,323	$3,603,822	$319,566

BIG SKY ECONOMIC DEVELOPMENT CORPORATION