BEARTOOTH RESOURCE CONSERVATION AN… - 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

1967

Legal Domicile

Principal Officer

NAN KNIGHT

Phone

4069623914

Tax Period

2024-01-01 to 2024-12-31

BEARTOOTH RESOURCE CONSERVATION AND DEVELOPMENT AREA INC, founded in 1967, is a small nonprofit in the Environment sector that reported $690K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $196K, a strong 28% operating margin.

Mission

THE BEARTOOTH RESOURCE CONSERVATION AND DEVELOPMENT AREA, INC. (BEARTOOTH RC&D) IS A CITIZEN-DRIVEN NONPROFIT DEDICATED TO BUILDING STRONGER COMMUNITIES. SPONSORED AND DIRECTED BY LOCAL PEOPLE, RC&D PROVIDES A REGIONAL FRAMEWORK TO IMPROVE ECONOMIC AND SOCIAL CONDITIONS BY CONSERVING, UTILIZING, AND DEVELOPING THE NATURAL AND HUMAN RESOURCES OF SOUTH-CENTRAL MONTANA. BY ENGAGING INDIVIDUALS WITH DIVERSE BACKGROUNDS, EXPERTISE, AND PERSPECTIVES, BEARTOOTH RC&D HELPS COMMUNITIES IDENTIFY CHALLENGES, DESIGN SOLUTIONS, AND IMPLEMENT PROJECTS THAT IMPROVE QUALITY OF LIFE. IN ITS SIMPLEST FORM, THE RC&D IS CITIZENS WORKING TOGETHER TO BUILD STRONGER, MORE RESILIENT COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $374,319

BEARTOOTH RC&D PROMOTES RURAL AND ECONOMIC DEVELOPMENT THROUGHOUT BIG HORN, CARBON, STILLWATER, SWEET GRASS, AND YELLOWSTONE COUNTIES. AS BOTH A STATE-DESIGNATED CERTIFIED REGIONAL DEVELOPMENT...

BEARTOOTH RC&D PROMOTES RURAL AND ECONOMIC DEVELOPMENT THROUGHOUT BIG HORN, CARBON, STILLWATER, SWEET GRASS, AND YELLOWSTONE COUNTIES. AS BOTH A STATE-DESIGNATED CERTIFIED REGIONAL DEVELOPMENT CORPORATION (CRDC) AND A FEDERALLY DESIGNATED ECONOMIC DEVELOPMENT DISTRICT (EDD), BEARTOOTH PLAYS A CENTRAL ROLE IN SUPPORTING BUSINESS GROWTH AND COMMUNITY VITALITY. SERVICES INCLUDE PROJECT DEVELOPMENT, BUSINESS PLANNING, AND GRANT WRITING, AS WELL AS DIRECT ASSISTANCE TO MUNICIPALITIES AND COUNTIES ON INFRASTRUCTURE, FACILITIES, AND PUBLIC SERVICE IMPROVEMENTS.AS OF DECEMBER 2024, BEARTOOTH MANAGES TWO USDA RURAL COMMUNITY DEVELOPMENT INITIATIVE (RCDI) GRANTS, ONE IN BIG HORN COUNTY AND ONE IN CARBON COUNTY. IN 2023, THE ORGANIZATION EXPANDED ITS SERVICES THROUGH THE LAUNCH OF AN EPA BROWNFIELDS PROGRAM, HELPING PROPERTY OWNERS COMPLETE PHASE I AND PHASE II ENVIRONMENTAL ASSESSMENTS TO PREPARE UNDERUTILIZED SITES FOR REDEVELOPMENT. IN 2024, BEARTOOTH WAS AWARDED A RECHARGE OUR COMMUNITY'S ECONOMY (ROCE) GRANT THROUGH THE RURAL COMMUNITY ASSISTANCE CORPORATION (RCAC) TO PARTNER WITH THE CITY OF COLUMBUS ON ECONOMIC REVITALIZATION INITIATIVES.BEARTOOTH RC&D ALSO OPERATES A STATE-FUNDED FOOD AND AGRICULTURE DEVELOPMENT CENTER (FADC) THAT HELPS MONTANA PRODUCERS INNOVATE AND GROW BUSINESSES IN FOOD, AGRICULTURE, AND RENEWABLE ENERGY. THIS PROGRAM PROVIDES TECHNICAL ASSISTANCE IN PRODUCT DEVELOPMENT, COMMERCIALIZATION, AND MARKET EXPANSION. CURRENT FUNDING INCLUDES A FEDERAL SPECIALTY CROP BLOCK GRANT, AS WELL AS TARGETED PROGRAMS SUCH AS A FARM-TO-SCHOOL GRANT AND A REAP TECHNICAL ASSISTANCE GRANT.

Program 2

Expenses: $48,799 Revenue: $99,263

ANOTHER CORE SERVICE IS THE ADMINISTRATION OF MULTIPLE REVOLVING LOAN FUNDS (RLFS) THAT PROVIDE CRITICAL GAP FINANCING TO SMALL BUSINESSES THAT MAY NOT QUALIFY FOR TRADITIONAL CREDIT. THESE FUNDS...

ANOTHER CORE SERVICE IS THE ADMINISTRATION OF MULTIPLE REVOLVING LOAN FUNDS (RLFS) THAT PROVIDE CRITICAL GAP FINANCING TO SMALL BUSINESSES THAT MAY NOT QUALIFY FOR TRADITIONAL CREDIT. THESE FUNDS LEVERAGE DIVERSE FEDERAL, STATE, AND LOCAL RESOURCES INCLUDING BSED, EDA, CDBG, IRP, SSBCI, MBOI, AND RMAP, TO PROMOTE ENTREPRENEURSHIP AND JOB CREATION. THE PRIMARY GOAL OF BEARTOOTH'S LOAN PROGRAMS IS TO CREATE AND RETAIN EMPLOYMENT OPPORTUNITIES, PARTICULARLY FOR LOW- AND MODERATE-INCOME RESIDENTS. AS OF 2024, BEARTOOTH RC&D ACTIVELY SERVICED 24 LOANS ACROSS THE FIVE-COUNTY REGION, DIRECTLY SUPPORTING THE GROWTH OF RURAL BUSINESSES AND COMMUNITIES.

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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 $583,486

Program Service Revenue $99,263

Investment Income $7,254

Other Revenue $0

TOTAL REVENUE $690,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,435

Fundraising Expenses $0

Program Expenses $423,118

Other Expenses $209,359

TOTAL EXPENSES $493,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$690,003	$586,380	+0.2%
Expenses	$493,794	$436,001	+0.1%
Net Income	$196,209	$150,379	+0.3%

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

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

$144,238

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN VAN BALLEGOOYEN	CHAIR	1.00	Officer Director	$0	$0	$0
MARISSA HAUGE	TREASURER	1.00	Officer Director	$0	$0	$0
MELANIE ROE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
LARRY VANDERSLOOT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN OSTLUND	DIRECTOR	1.00	Director	$0	$0	$0
STEVE RIVELAND	DIRECTOR	1.00	Director	$0	$0	$0
CLINTON GIESICK	DIRECTOR	1.00	Director	$0	$0	$0
BOB VANOOSTEN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MEHUS	DIRECTOR	1.00	Director	$0	$0	$0
DAN LOWE	DIRECTOR	1.00	Director	$0	$0	$0
BILL KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
DANNY CHORIKI	DIRECTOR	1.00	Director	$0	$0	$0
PATTY SUNDBERG	DIRECTOR	1.00	Director	$0	$0	$0
BRENT MOORE	DIRECTOR	1.00	Director	$0	$0	$0
TINA TOYNE	DIRECTOR	1.00	Director	$0	$0	$0
PAGE DRINGMAN	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE GRAY	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI SPARKS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY WEIMER	DIRECTOR	1.00	Director	$0	$0	$0
LORENE HINTZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MCDOWELL	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA VOKRAL	DIRECTOR	1.00	Director	$0	$0	$0
JOEL BERTOLINO	EXECUTIVE DIRECTOR	40.00	Officer	$74,186	$1,957	$76,143
NAN KNIGHT	FINANCE DIRECTOR	40.00	Officer	$66,169	$1,926	$68,095

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	$690,003	$493,794	$3,057,443	$196,209
2023	$586,380	$436,001	$2,174,463	$150,379
2022	$547,906	$483,134	$1,870,260	$64,772
2021	$786,507	$729,387	$1,529,262	$57,120
2020	$464,203	$404,281	$1,816,179	$59,922
2019	$355,524	$276,273	$1,778,893	$79,251
2018	$439,016	$404,530	$1,733,556	$34,486

BEARTOOTH RESOURCE CONSERVATION AND DEVELOPMENT AREA INC