YELLOWSTONE THEOLOGICAL INSTITUTE

EIN: 461549605 501(c)(3) Religion

BOZEMAN, MT

Total Revenue
$1,552,994
Total Expenses
$1,856,296
Total Assets
$13,407,610
Net Assets
$9,133,804
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MT
Phone
4064041600
Tax Period
2024-08-01 to 2025-07-31

YELLOWSTONE THEOLOGICAL INSTITUTE, founded in 2012, is a community nonprofit in the Religion sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 411% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF YELLOWSTONE THEOLOGICAL INSTITUTE (YTI) IS TO PROVIDE LEADERSHIP, TRAINING, AND RESOURCES FOR THE MISSIONAL RE-IMAGINING OF CHRISTIAN WITNESS IN THE NORTHWEST AND BEYOND. WE ACCOMPLISH THIS BY OFFERING A MASTER OF ARTS DEGREE WITH SEVERAL DIFFERENT EMPHASES, OTHER EDUCATIONAL PROGRAMS, SERVICES, AND CONDUCTING RESEARCH. 2016 INVOLVED THE CONTINUATION OF CLASSES FOR OUR MASTER OF APPLIED THEOLOGY (M.A.T.) DEGREE IN OUR SATELLITE CAMPUSES - BOISE, ID, BELLINGHAM, WA, AND BOZEMAN, MT. WE CONTINUE TO DEVELOP OUR M.A.T. PROGRAM, HAVE ADDED A DIPLOMA PROGRAM, AND HAVE DEVELOPED OUR MASTER OF DIVINITY PROGRAM, WHICH BEGAN CLASSES IN AUGUST 2017. ADDITIONALLY, YTI HAS CONTINUED CURRICULUM DEVELOPMENT, MEDIA AND MARKETING DEVELOPMENT, AND ENLARGED OUR DONOR BASE.

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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 $674,477
Program Service Revenue $25,560
Investment Income $723,493
Other Revenue $129,464
TOTAL REVENUE $1,552,994

Expense Breakdown

Grants Paid $0
Salaries & Benefits $926,249
Fundraising Expenses $94,419
Program Expenses $1,475,547
Other Expenses $930,047
TOTAL EXPENSES $1,856,296

Year-over-Year Comparison

2024 2023 Change
Revenue $1,552,994 $303,999 +4.1%
Expenses $1,856,296 $1,708,014 +0.1%
Net Income $-303,302 $-1,404,015 -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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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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Governance

Voting Members
6
Independent Members
7
Employees
16
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
2
$112,006
Total Directors
6
$112,006
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV DR JAY SMITH President 40.00
Officer Director
$112,006 $0 $112,006
JOE BILLION Chairman 5.00
Director
$0 $0 $0
PAUL NEWBY BOARD MEMBER 5.00
Officer Director
$0 $0 $0
CHRIS BUDESKI Trustee 5.00
Director
$0 $0 $0
BRIAN VAN EPS BOARD MEMBER 5.00
Director
$0 $0 $0
BILL FOWLER BOARD MEMBER 5.00
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 $1,552,994 $1,856,296 $13,407,610 $-303,302
2024 $303,999 $1,708,014 $14,967,890 $-1,404,015
2023 $1,926,169 $1,427,964 $13,520,694 $498,205
2022 $9,699,535 $1,391,457 $9,123,187 $8,308,078
2021 $1,187,724 $1,072,493 $817,795 $115,231
2020 $980,885 $885,635 $705,353 $95,250
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