MISSOULA ECONOMIC PARTNERSHIP

EIN: 273994460 Community Improvement

MISSOULA, MT

Total Revenue
$745,874
Total Expenses
$936,967
Total Assets
$511,001
Net Assets
$380,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MT
Principal Officer
GRANT KIER
Phone
4065416461
Tax Period
2024-07-01 to 2025-06-30

MISSOULA ECONOMIC PARTNERSHIP, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $746K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $937K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE MISSOULA ECONOMIC PARTNERSHIP WORKS COLLABORATIVELY AND STRATEGICALLY TO FACILITATE INCREASED PROSPERITY THROUGH BUSINESS DEVELOPMENT WHILE ENHANCING THE BUSINESS ENVIRONMENT AND QUALITY OF LIFE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

BUSINESS DEVELOPMENT PROGRAM:MISSOULA ECONOMIC PARTNERSHIP'S BUSINESS DEVELOPMENT PROGRAM SUPPORTS BUSINESSES AT EVERY STAGE OF GROWTH BY PROVIDING DIRECT ASSISTANCE, STRATEGIC CONNECTIONS, AND...

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BUSINESS DEVELOPMENT PROGRAM:MISSOULA ECONOMIC PARTNERSHIP'S BUSINESS DEVELOPMENT PROGRAM SUPPORTS BUSINESSES AT EVERY STAGE OF GROWTH BY PROVIDING DIRECT ASSISTANCE, STRATEGIC CONNECTIONS, AND COLLABORATIVE PROBLEM-SOLVING. IN FY25, MEP COMPLETED MORE THAN 80 BUSINESS RETENTION AND EXPANSION (BRE) VISITS WITH BUSINESSES ACROSS MISSOULA COUNTY, IDENTIFYING OPPORTUNITIES AND CHALLENGES RELATED TO WORKFORCE, INFRASTRUCTURE, MARKET EXPANSION, AND ACCESS TO CAPITAL. MEP ALSO ENGAGED WITH 23 STARTUP AND EARLY-STAGE BUSINESSES, HELPING ENTREPRENEURS NAVIGATE BUSINESS PLANNING, FINANCIAL FORECASTING, MENTORSHIP, AND GROWTH STRATEGIES.MEP CONTINUED ITS PARTNERSHIP WITH THE DOWNTOWN MISSOULA BUSINESS IMPROVEMENT DISTRICT THROUGH THE DOWNTOWN DIALOGUES EVENT SERIES AND PROVIDED ONE-ON-ONE SUPPORT TO MORE THAN 40 DOWNTOWN BUSINESSES. THE ORGANIZATION ALSO WORKED CLOSELY WITH BUSINESSES IMPACTED BY MAJOR DOWNTOWN INITIATIVES, INCLUDING THE DOWNTOWN SAFETY AND MOBILITY PROJECT AND IMPLEMENTATION OF THE DOWNTOWN MASTER PLAN.IN ADDITION, MEP SUPPORTED BUSINESS ATTRACTION AND EXPANSION EFFORTS TIED TO SEVERAL MAJOR ECONOMIC DEVELOPMENT PROJECTS. THIS INCLUDED ASSISTING MONTANA KNIFE COMPANY WITH EXPANSION PLANNING FOR ITS NEW 50,000-SQUARE-FOOT MANUFACTURING FACILITY EXPECTED TO CREATE UP TO 200 JOBS, SUPPORTING RECRUITMENT EFFORTS THAT BROUGHT STORY HOUSE PICTURES MONTANA TO MISSOULA, AND HELPING SECURE YEAR-ROUND NONSTOP AIR SERVICE BETWEEN MISSOULA AND CHICAGO THROUGH THE TAKE FLIGHT MISSOULA PARTNERSHIP.

Program 2

WORKFORCE DEVELOPMENT PROGRAM:MISSOULA ECONOMIC PARTNERSHIP'S WORKFORCE DEVELOPMENT PROGRAM FOCUSES ON STRENGTHENING MISSOULA COUNTY'S WORKFORCE PIPELINE, SUPPORTING INDUSTRY RESILIENCE, AND...

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WORKFORCE DEVELOPMENT PROGRAM:MISSOULA ECONOMIC PARTNERSHIP'S WORKFORCE DEVELOPMENT PROGRAM FOCUSES ON STRENGTHENING MISSOULA COUNTY'S WORKFORCE PIPELINE, SUPPORTING INDUSTRY RESILIENCE, AND ADVANCING INCLUSIVE ECONOMIC OPPORTUNITY. IN FY25, MEP CONTINUED TO LEAD REGIONAL CONVERSATIONS AROUND WORKFORCE HOUSING, JOB QUALITY, AND INDUSTRY SUSTAINABILITY THROUGH PARTNERSHIPS WITH EMPLOYERS, EDUCATIONAL INSTITUTIONS, GOVERNMENT AGENCIES, AND NONPROFIT ORGANIZATIONS.FOLLOWING THE CLOSURES OF ROSEBURG FOREST PRODUCTS IN MISSOULA AND PYRAMID MOUNTAIN LUMBER IN SEELEY LAKE, MEP CONVENED PUBLIC AND PRIVATE SECTOR PARTNERS TO SUPPORT REDEVELOPMENT PLANNING, WORKFORCE TRANSITION EFFORTS, AND LONG-TERM INDUSTRY SUSTAINABILITY STRATEGIES. MEP ALSO CONTINUED ADVANCING EFFORTS TO REESTABLISH WOOD PRODUCTS MANUFACTURING CAPACITY IN SEELEY LAKE, RECOGNIZING THE IMPORTANCE OF THE SECTOR TO REGIONAL EMPLOYMENT, FOREST MANAGEMENT, AND WILDFIRE MITIGATION.MEP REMAINED ACTIVELY ENGAGED IN WORKFORCE-FOCUSED POLICY AND INDUSTRY INITIATIVES, INCLUDING SUPPORT FOR THE SAWMILL REVITALIZATION ACT DURING THE 2025 MONTANA LEGISLATIVE SESSION AND CONTINUED PARTICIPATION IN COLLABORATIVE EFFORTS TIED TO WORKFORCE HOUSING, INFRASTRUCTURE PLANNING, AND ECONOMIC RESILIENCE. THROUGH THESE PARTNERSHIPS, MEP WORKS TO EXPAND CAREER PATHWAYS, SUPPORT TALENT ATTRACTION AND RETENTION, AND STRENGTHEN ACCESS TO QUALITY JOBS ACROSS KEY SECTORS OF THE REGIONAL ECONOMY.

Program 3

LAND DEVELOPMENT PROGRAM:MISSOULA ECONOMIC PARTNERSHIP'S LAND DEVELOPMENT PROGRAM ADVANCES STRATEGIC REDEVELOPMENT, INFRASTRUCTURE COORDINATION, AND SITE READINESS EFFORTS THAT SUPPORT LONG-TERM...

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LAND DEVELOPMENT PROGRAM:MISSOULA ECONOMIC PARTNERSHIP'S LAND DEVELOPMENT PROGRAM ADVANCES STRATEGIC REDEVELOPMENT, INFRASTRUCTURE COORDINATION, AND SITE READINESS EFFORTS THAT SUPPORT LONG-TERM ECONOMIC GROWTH, HOUSING DEVELOPMENT, AND BUSINESS EXPANSION. IN FY25, MEP PLAYED A LEADING ROLE IN SEVERAL MAJOR REDEVELOPMENT INITIATIVES ACROSS MISSOULA COUNTY.MEP PARTNERED WITH THE CITY OF MISSOULA AND PRIVATE STAKEHOLDERS TO SUPPORT REDEVELOPMENT PLANNING FOR THE FORMER ROSEBURG FOREST PRODUCTS SITE FOLLOWING THE FACILITY CLOSURE IN 2024. THIS WORK INCLUDED COORDINATION AROUND ANNEXATION, URBAN RENEWAL DISTRICT EXPANSION, TRANSPORTATION PLANNING, AND FUTURE LAND USE STRATEGIES TO POSITION THE PROPERTY FOR REDEVELOPMENT ALIGNED WITH COMMUNITY ECONOMIC PRIORITIES. THESE EFFORTS ULTIMATELY CONTRIBUTED TO THE SUCCESSFUL RECRUITMENT OF STORY HOUSE PICTURES MONTANA, WHICH PLANS TO BRING NEARLY 400 MEDIA MANUFACTURING JOBS TO THE REGION OVER THE NEXT DECADE.MEP ALSO SUPPORTED REDEVELOPMENT PLANNING FOR SOUTHGATE CROSSING, A 13-ACRE MIDTOWN PROPERTY, BY HELPING ATTRACT QUALIFIED DEVELOPMENT PARTNERS AND CONDUCTING DUE DILIGENCE WITH PROSPECTIVE TEAMS. THE PROJECT IS EXPECTED TO DELIVER NEW HOUSING, COMMERCIAL SPACE, AND PUBLIC AMENITIES ALIGNED WITH THE MIDTOWN MASTER PLAN.ADDITIONALLY, MEP CONVENED THE MISSOULA INFRASTRUCTURE COALITION FOR ITS SECOND YEAR, BRINGING TOGETHER PUBLIC AGENCIES, UTILITIES, DEVELOPERS, AND INDUSTRY LEADERS TO COORDINATE AROUND LONG-TERM INFRASTRUCTURE PLANNING, FEDERAL INVESTMENT OPPORTUNITIES, AND FUTURE CAPACITY NEEDS THROUGHOUT MISSOULA 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 $187,626
Program Service Revenue $552,800
Investment Income $1
Other Revenue $5,447
TOTAL REVENUE $745,874

Expense Breakdown

Grants Paid $0
Salaries & Benefits $718,118
Fundraising Expenses $0
Other Expenses $218,849
TOTAL EXPENSES $936,967

Year-over-Year Comparison

2024 2023 Change
Revenue $745,874 $860,829 -0.1%
Expenses $936,967 $935,268 +0.0%
Net Income $-191,093 $-74,439 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
8
Volunteers
23

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
$189,461
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM SEVERSON CHAIR 1.00
Officer Director
$0 $0 $0
JACK LAWSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
LIZ MELLEM SECRETARY 1.00
Officer Director
$0 $0 $0
MARK HAYDEN TREASURER 1.00
Officer Director
$0 $0 $0
JASON WILLIAMS PAST CHAIR 1.00
Officer Director
$0 $0 $0
PAUL GLADEN EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
AMBER SHERRILL EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE BEATON DIRECTOR 1.00
Director
$0 $0 $0
SETH BODNAR DIRECTOR 1.00
Director
$0 $0 $0
JAYMIE BOWDITCH DIRECTOR 1.00
Director
$0 $0 $0
SCOTT BURKE DIRECTOR 1.00
Director
$0 $0 $0
BILL CALHOUN DIRECTOR 1.00
Director
$0 $0 $0
ANDREA DAVIS DIRECTOR 1.00
Director
$0 $0 $0
RYAN HANSEN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA HENDERSON DIRECTOR 1.00
Director
$0 $0 $0
MICAH HILL DIRECTOR 1.00
Director
$0 $0 $0
DOUG JACKSON DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE JOHNSTON DIRECTOR 1.00
Director
$0 $0 $0
ALAN MCCORMICK DIRECTOR 1.00
Director
$0 $0 $0
SUE WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
GREG COOK DIRECTOR 1.00
Director
$0 $0 $0
JASON RICE DIRECTOR 1.00
Director
$0 $0 $0
JOSH SLOTNICK DIRECTOR 1.00
Director
$0 $0 $0
GRANT KIER PRESIDENT & CEO 40.00
Officer
$181,604 $7,857 $189,461
JULIE LACEY EMPLOYEE 40.00
Highest
$102,012 $5,119 $107,131
NICOLE RUSH EMPLOYEE 40.00
Highest
$100,373 $13,907 $114,280
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 $745,874 $936,967 $511,001 $-191,093
2024 $860,829 $935,268 $704,708 $-74,439
2023 $1,048,353 $858,869 $826,008 $189,484
2022 $654,163 $1,078,939 $522,776 $-424,776
2021 $1,114,091 $818,424 $1,026,718 $295,667
2020 $571,695 $742,540 $634,348 $-170,845
2019 $528,124 $984,057 $792,053 $-455,933
2018 $699,829 $828,744 $1,334,892 $-128,915
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