BIG SKY ECONOMIC DEVELOPMENT CORPORATION

EIN: 223880639 501(c)(3) Community Improvement

BILLINGS, MT

Total Revenue
$2,357,871
Total Expenses
$1,587,112
Total Assets
$6,047,605
Net Assets
$5,894,129
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MT
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.

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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 $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

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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
22

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
6
$181,036
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
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
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