MONTANA NONPROFIT ASSOCIATION GROU… - 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

2007

Legal Domicile

Principal Officer

MICHAEL J FITZGIBBONS

Phone

4809484351

Tax Period

2023-07-01 to 2024-05-31

MONTANA NONPROFIT ASSOCIATION GROUP BENEFITS TRUST, founded in 2007, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 3251% operating deficit.

Mission

GROUP INSURANCE BENEFITS TRUST FOR MONTANA NONPROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1

THE MONTANA NONPROFIT ASSOCIATION GROUP BENEFIT TRUST (MNAGBT) TRUSTEES MADE THE DECISION TO DISSOLVE THE TRUST, EFFECTIVE MAY 1, 2020 DUE TO THE IMPACT OF AN UNUSUAL NUMBER OF EXCEPTIONALLY HIGH...

THE MONTANA NONPROFIT ASSOCIATION GROUP BENEFIT TRUST (MNAGBT) TRUSTEES MADE THE DECISION TO DISSOLVE THE TRUST, EFFECTIVE MAY 1, 2020 DUE TO THE IMPACT OF AN UNUSUAL NUMBER OF EXCEPTIONALLY HIGH DOLLAR CLAIMS.THE COMMISSIONER OF SECURITIES AND INSURANCE (CSI) CONSIDERED MNAGBT TO BE IN HAZARDOUS FINANCIAL CONDITION AND ORDERED ON JUNE 24, 2020, THAT MNAGBT BE PLACED UNDER SUPERVISION OF THE CSI PURSUANT TO ARM 6.6.5701 AND MONT. CODE ANN. 33-2-1321.THE MONTANA FIRST JUDICIAL DISTRICT COURT, LEWIS AND CLARK COUNTY ISSUED AN ORDER IN CIVIL ACTION NO. BDV-2020-1853 ON NOVEMBER 5, 2020 AUTHORIZING THE LIQUIDATION OF MNAGBT AND DIRECTING THE CSI, OFFICE OF THE MONTANA STATE AUDITOR, AS LIQUIDATOR, TO LIQUIDATE THE ASSETS OF THE MNAGBT. THE DISTRICT COURT ISSUED A NOTICE OF APPOINTMENT OF SPECIAL DEPUTY LIQUIDATOR UNDER CASE NO. BDV-2020-1853 ON NOVEMBER 10, 2020 WHEREBY MICHAEL J. FITZGIBBONS WAS APPOINTED AS SPECIAL DEPUTY LIQUIDATOR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,673

Other Revenue $0

TOTAL REVENUE $2,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $89,575

TOTAL EXPENSES $89,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,673	$45,181	-0.9%
Expenses	$89,575	$-245,942	-1.4%
Net Income	$-86,902	$291,123	-1.3%

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

N/A

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
MICHAEL J FITZGIBBONS	SPECIAL DEPUTY LIQUIDATOR	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	$2,673	$89,575	No data	$-86,902
2023	$45,181	$-245,942	$343,286	$291,123
2022	$12,482	$-433,319	$375,243	$445,801
2021	$254,254	$111,741	$433,826	$142,513
2020	$6,292,821	$7,567,867	$280,473	$-1,275,046
2019	$5,672,582	$5,643,745	$1,081,491	$28,837
2018	$4,706,796	$5,177,153	$958,870	$-470,357

MONTANA NONPROFIT ASSOCIATION GROUP BENEFITS TRUST