TRUST MONTANA INC

EIN: 453204921 501(c)(3) Community Improvement

MISSOULA, MT

Total Revenue
$522,793
Total Expenses
$287,144
Total Assets
$2,321,382
Net Assets
$2,288,731
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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
DAWN CONKLIN
Phone
4068987636
Tax Period
2025-01-01 to 2025-12-31

TRUST MONTANA INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $523K in total revenue in fiscal year 2025. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $236K, a strong 45% operating margin.

Mission

TRUST MONTANA'S MISSION IS TO PROMOTE COMMUNITY LAND TRUSTS AND HOLD LAND IN TRUST TO FACILITATE WORKFORCE HOUSING, FARMLAND AFFORDABILITY, AND THE PRESERVATION OF VITAL COMMUNITY ASSETS THAT KEEP RURAL AND URBAN AREAS LIVABLE FOR MONTANANS OF VARIED ECONOMIC MEANS.

Program Service Accomplishments

Program 1
Expenses: $55,425 Revenue: $26,570

CLT HOMES:TRUST MONTANA'S PERMANENTLY AFFORDABLE HOMES PROGRAM PRESERVES RENTAL UNITS AND HOMEOWNERSHIP PROPERTIES IN TRUST TO GUARANTEE AFFORDABILITY FOR CURRENT AND FUTURE FAMILIES. TRUST MONTANA...

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CLT HOMES:TRUST MONTANA'S PERMANENTLY AFFORDABLE HOMES PROGRAM PRESERVES RENTAL UNITS AND HOMEOWNERSHIP PROPERTIES IN TRUST TO GUARANTEE AFFORDABILITY FOR CURRENT AND FUTURE FAMILIES. TRUST MONTANA STEWARDS 30 HOMES AND 5 RENTAL PROPERTIES IN EIGHT COMMUNITIES ACROSS THE STATE, HAVING ADDED TWO NEW HOME OWNERSHIP OPPORTUNITIES AND ONE RENTAL UNITS IN 2025. TRUST MONTANA HOME OWNERS AND RENTERS MUST INCOME-QUALIFY, ENSURING THAT THESE HOMES BENEFIT WORKING CLASS INDIVIDUALS IN COMMUNITIES. THE EXPANSION TO ADD AN ADDITIONAL RENTAL PROPERTY IN 2025 WAS CO-DESIGNED WITH THE COMMUNITY, RESPONDING TO THE NEED FOR DIVERSE AFFORDABLE HOUSING TYPES.AFFORDABLE LAND LLC IS A SINGLE-MEMBER LLC OWNED BY TRUST MONTANA. IT WAS FORMED IN 2019 TO HOLD THE TITLES OF ALL LAND THAT IS ACQUIRED FOR PERMANENTLY AFFORDABLE PROJECTS OF TRUST MONTANA. AFFORDABLE LAND COLLECTS LEASE FEES FROM EACH HOUSEHOLD MONTHLY. IT ALSO COLLECTS STEWARDSHIP PAYMENTS AT THE TIME OF HOME CLOSINGS AND THOSE FUNDS ARE PLACED INTO A SAVINGS ACCOUNT TO ENSURE THAT FUTURE MAINTENANCE AND OTHER EXPENSES WILL BE COVERED.

Program 2
Expenses: $14,156

CLT FARM: IN 2025, ON THE HEELS OF TRUST MONTANA'S COMMUNITY LAND TRUST FARM UNDER THE ORGANIZATION'S AG LAND PRESERVATION PROGRAM, WE CONTINUED OUR WORK WITH THE FARMER AND ENGAGING AG AND...

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CLT FARM: IN 2025, ON THE HEELS OF TRUST MONTANA'S COMMUNITY LAND TRUST FARM UNDER THE ORGANIZATION'S AG LAND PRESERVATION PROGRAM, WE CONTINUED OUR WORK WITH THE FARMER AND ENGAGING AG AND CONSERVATIONS EXPERTS TO SERVE ON OUR NEWLY FOUNDED FARM VIABILITY COMMITTEE. WE PURSUED NEW OPPORTUNITIES. WE SPOKE WITH FOUR FARMERS ABOUT POTENTIAL PARTNERSHIPS. THE PRESERVATION OF AGRICULTURAL LAND AND SOILS IS CRITICAL TO MAINTAINING LOCAL FOOD SYSTEMS. PROJECTS LIKE THESE NOT ONLY BENEFIT THE BEGINNING FARMERS OPERATING ON THE LAND UNDER A LAND-LEASE AND USAGE AGREEMENT, BUT ALSO THE SURROUNDING COMMUNITY WITH INCREASED ACCESS TO LOCALLY, ORGANICALLY-GROWN FOOD.

Program 3
Expenses: $16,617 Revenue: $7,450

EDUCATION AND ADVOCACY OF CLTS:TRUST MONTANA ALSO LEADS EFFORTS TO EXPAND EDUCATION AND UNDERSTANDING OF THE COMMUNITY LAND TRUST MODEL IN THE STATE THROUGH ITS CLT EDUCATION PROGRAM. WITH 22...

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EDUCATION AND ADVOCACY OF CLTS:TRUST MONTANA ALSO LEADS EFFORTS TO EXPAND EDUCATION AND UNDERSTANDING OF THE COMMUNITY LAND TRUST MODEL IN THE STATE THROUGH ITS CLT EDUCATION PROGRAM. WITH 22 PRESENTATIONS IN 2025, SERVING 1,350 PEOPLE, THE ORGANIZATION SUPPORTS REALTORS, TITLE AGENTS, LENDERS, AND POTENTIAL HOMEBUYERS. MANY OF THESE PRESENTATIONS QUALIFY AS CONTINUING EDUCATION CREDITS IN THESE INDUSTRIES. TRUST MONTANA ALSO SERVES AS AN EXPERT AND TECHNICAL ASSISTANCE PROVIDER FOR OTHER LAND TRUSTS OPERATING IN THE STATE. AT ANY GIVEN TIME, THE ORGANIZATION IS SUPPORTING 3-5 PEER LAND TRUST PROJECTS, AS WELL AS NAVIGATING EXPLORATORY AND PLANNING CONVERSATIONS WITH 7-12 PARTNERS TO IDENTIFY NEW AND EMERGING PROJECTS FOR TRUST MONTANA.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $486,452
Program Service Revenue $34,020
Investment Income $2,321
Other Revenue $0
TOTAL REVENUE $522,793

Expense Breakdown

Grants Paid $0
Salaries & Benefits $224,967
Fundraising Expenses $89,546
Program Expenses $86,198
Other Expenses $62,177
TOTAL EXPENSES $287,144

Year-over-Year Comparison

2025 2024 Change
Revenue $522,793 $1,225,328 -0.6%
Expenses $287,144 $265,013 +0.1%
Net Income $235,649 $960,315 -0.8%
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
13
Independent Members
13
Employees
6
Volunteers
14

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
$69,904
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN CONKLIN EXECUTIVE DIRECTOR 40.00
Officer
$69,904 $0 $69,904
SHEILA RICE PRESIDENT 5.00
Officer Director
$0 $0 $0
NATE RICHMOND VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
LARRY PHILLIPS TREASURER 5.00
Officer Director
$0 $0 $0
TATYANA SCHMIDT SECRETARY 3.00
Officer Director
$0 $0 $0
ASHLEE SCHLEICHER MEMBER 5.00
Director
$0 $0 $0
JO ANN EDER MEMBER 3.00
Director
$0 $0 $0
TOM ZAVITZ MEMBER 3.00
Director
$0 $0 $0
NICOLE BORNER MEMBER 3.00
Director
$0 $0 $0
ALEXANDRA ISERN MEMBER 3.00
Director
$0 $0 $0
KAYLA LAPPIN MEMBER 3.00
Director
$0 $0 $0
TABETHA HEILIG MEMBER 2.00
Director
$0 $0 $0
DOROTHY YOUNG MEMBER 2.00
Director
$0 $0 $0
CONRAD STROEBE 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 $522,793 $287,144 $2,321,382 $235,649
2024 $1,225,328 $265,013 $2,093,905 $960,315
2023 $298,117 $251,505 $1,296,281 $46,612
2022 $501,369 $257,782 $865,587 $243,587
2021 $320,722 $268,900 $623,976 $51,822
2020 $312,817 $166,328 $585,603 $146,489
2019 $310,609 $119,227 $456,400 $191,382
2019 $310,609 $119,227 $456,400 $191,382
2018 $201,605 $71,220 $437,240 $130,385
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