GFRM NMTC HOLDINGS

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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

2015

Legal Domicile

Principal Officer

DON SPURGEON

Phone

2068122489

Tax Period

2021-10-01 to 2022-09-30

GFRM NMTC HOLDINGS, founded in 2015, is a small nonprofit that reported $105K in total revenue in fiscal year 2021. Expenses of $444K exceeded revenue, resulting in a 323% operating deficit.

Mission

TO SERVE AS A SUPPORTING ORGANIZATION FOR THE GREAT FALLS RESCUE MISSION, A MONTANA NONPROFIT RELIGIOUS CORPORATION, IN THE FURTHERANCE OF ITS MISSION "TO PROVIDE SHELTER AND RELIGIOUS GUIDANCE TO THE HOMELESS".

Program Service Accomplishments

Program 1

Expenses: $444,486

PARTICIPATE IN THE NEW MARKETS TAX CREDIT TRANSACTION TO ALLOW THE GREAT FALLS RESCUE MISSION TO CONSTRUCT A NEW FACILITY LOCATED IN GREAT FALLS, MONTANA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $105,199

TOTAL REVENUE $105,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $444,486

Other Expenses $444,486

TOTAL EXPENSES $444,486

Year-over-Year Comparison

	2021	2020	Change
Revenue	$105,199	$105,199	N/A
Expenses	$444,486	$173,800	+1.6%
Net Income	$-339,287	$-68,601	+3.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART DICKHOFF	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL PLUMMER	DIRECTOR	N/A	Director	$0	$0	$0
NANCY ROWELL	DIRECTOR	N/A	Director	$0	$0	$0
DON SPURGEON	PRESIDENT	N/A	Officer 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
2022	$105,199	$444,486	$8,199,620	$-339,287
2021	$105,199	$173,800	$8,480,351	$-68,601
2020	$105,199	$438,698	$8,761,080	$-333,499
2019	$105,199	$426,589	$9,052,743	$-321,390
2018	$104,640	$372,664	$9,460,720	$-268,024