BILLINGS TOURISM BUSINESS IMPROVEMENT DISTRICT (EIN 261566537) - 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

2007

Legal Domicile

Principal Officer

JOHN BREWER

Phone

4062454111

Tax Period

2024-07-01 to 2025-06-30

BILLINGS TOURISM BUSINESS IMPROVEMENT DISTRICT, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 42% operating margin.

Mission

TO GENERATE ROOM NIGHTS FOR LODGING FACILITIES IN THE CITY OF BILLINGS BY EFFECTIVELY MARKETING THE BILLINGS, MT REGION AS A PREFERRED TRAVEL DESTINATION.

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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 $3,336,318

Program Service Revenue $0

Investment Income $23,167

Other Revenue $6,861

TOTAL REVENUE $3,366,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $562,526

Fundraising Expenses $0

Other Expenses $1,374,315

TOTAL EXPENSES $1,936,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,366,346	$1,751,937	+0.9%
Expenses	$1,936,841	$2,021,958	0.0%
Net Income	$1,429,505	$-270,021	-6.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE WAHRLICH	BOARD MEMBER	2.00	Director	$0	$0	$0
SHELLI MANN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE STUDINER	TREASURER	2.00	Officer Director	$0	$0	$0
GEORGE MARAGOS	CHAIR	2.00	Officer Director	$0	$0	$0
JEFF SCHOENHARD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JORDAN CLAYTON	BOARD MEMBER	2.00	Director	$0	$0	$0
JASE MURI	BOARD MEMBER	2.00	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
2025	$3,366,346	$1,936,841	$3,974,228	$1,429,505
2024	$1,751,937	$2,021,958	$2,581,762	$-270,021
2023	$1,741,033	$1,803,313	$2,788,973	$-62,280
2022	$1,795,647	$1,767,426	$2,835,443	$28,221
2021	$1,729,378	$1,342,782	$2,802,687	$386,596
2020	$1,566,316	$1,502,009	$2,411,508	$64,307
2019	$1,944,865	$1,714,042	$2,447,487	$230,823
2018	$1,907,331	$1,916,613	$2,117,927	$-9,282

BILLINGS TOURISM BUSINESS IMPROVEMENT DISTRICT