Friends of FMC Foundation Inc

EIN: 431975486 501(c)(3) Philanthropy & Grantmaking

Baker, MT

Total Revenue
$91,562
Total Expenses
$39,018
Total Assets
$1,870,012
Net Assets
$1,870,012
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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
Craig Pinnow
Phone
4067783331
Tax Period
2024-07-01 to 2025-06-30

Friends of FMC Foundation Inc, founded in 2002, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $92K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $53K, a strong 57% operating margin.

Mission

To help ensure the continuing quality of local healthcare services for our community. "Friends Helping Friends"

Program Service Accomplishments

Program 1
Expenses: $14,179

The purpose of Friends of Fallon Medical Complex Foundation is to provide, through all of its funds and activities, direct or indirect benefit to Fallon Medical Complex (FMC), a not-for-profit...

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The purpose of Friends of Fallon Medical Complex Foundation is to provide, through all of its funds and activities, direct or indirect benefit to Fallon Medical Complex (FMC), a not-for-profit healthcare corporation, in support of its mission, so long as FMC qualifies as an organization described in Section 501(c)(3) of the Internal Revenue Code. The Foundation obtains and receives contributions, donations, gifts, or bequests entirely for the development of one or more endowment funds, to be used for financial assistance to FMC for medical education, equipment upgrades and purchases, physical plant improvements and additions, personnel programs, and any aspect of promotion and public relations devoted to the delivery of health care services in FMC's service area.

Program 2
Expenses: $1,500

The Friends of Fallon Medical Complex Foundation distributes funds from its capital pool for the purpose of funding scholarships to students from our service area that are pursuing a formal education...

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The Friends of Fallon Medical Complex Foundation distributes funds from its capital pool for the purpose of funding scholarships to students from our service area that are pursuing a formal education in a healthcare-related field. The scholarship process is governed by established formal program criteria that define how requests are to be submitted by applicants and how they are to be evaluated by the Board of Directors. The board awarded 5 scholarships of $500 during the year, however only $1500 was paid out during the fiscal year. The other scholarship funds will be awarded once they fulfill the grade requirements during subsequent fiscal years.

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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 $21,974
Program Service Revenue $0
Investment Income $56,234
Other Revenue $13,354
TOTAL REVENUE $91,562

Expense Breakdown

Grants Paid $14,480
Salaries & Benefits $0
Fundraising Expenses $150
Program Expenses $15,679
Other Expenses $24,538
TOTAL EXPENSES $39,018

Year-over-Year Comparison

2024 2023 Change
Revenue $91,562 $141,318 -0.4%
Expenses $39,018 $107,712 -0.6%
Net Income $52,544 $33,606 +0.6%
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
7
Independent Members
6
Employees
N/A
Volunteers
41

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
5
$128,240
Total Directors
9
$47,156
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rosanne Varner President (Jul-Dec) 0.50
Officer Director
$0 $0 $0
Craig Pinnow VP (Jul-Dec) Pres (Jan-Current) 0.50
Officer Director
$0 $0 $0
Laurie Mackay Secretary/ Treasurer 0.50
Officer Director
$0 $0 $0
Johnna Koenig Dir (Jul-Dec) VP (Jan-Current) 0.50
Officer Director
$0 $2,025 $47,156
Jan Singer Director 0.50
Director
$0 $0 $0
Evelyn Neary Director 0.50
Director
$0 $0 $0
David Stevens Director (Jul-Dec) 0.50
Director
$0 $0 $0
Sheri Rabe Director (Feb-Current) 0.50
Director
$0 $0 $0
Lew Price Director (Mar-Current) 0.50
Director
$0 $0 $0
Karol Zachmann Foundation Director 35.00
Officer
$0 $17,398 $81,084
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 $91,562 $39,018 $1,870,012 $52,544
2024 $141,318 $107,712 $1,743,480 $33,606
2023 $30,185 $17,073 $1,631,560 $13,112
2022 $55,884 $59,941 $1,527,456 $-4,057
2021 $42,630 $19,430 $1,602,876 $23,200
2020 $39,350 $20,724 $1,386,008 $18,626
2019 $93,099 $34,595 $1,357,259 $58,504
2018 $67,505 $32,687 $1,262,362 $34,818
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