MONTANA FREE PRESS

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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

2016

Legal Domicile

Principal Officer

JOHN ADAMS

Phone

4062078727

Tax Period

2024-01-01 to 2024-12-31

MONTANA FREE PRESS, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 10% surplus.

Mission

OUR MISSION: OUR MISSION IS TO PRODUCE IN-DEPTH PUBLIC SERVICE JOURNALISM COVERINGSTATE AND COMMUNITY ISSUES RELEVANT TO MONTANANS.OUR VISION: ALL MONTANANS HAVE ACCESS TO HIGH-QUALITY JOURNALISM THAT CREATESPOSITIVE CHANGE AND HELPS MOVE SOCIETY TOWARD JUSTICE AND EQUITY.

Program Service Accomplishments

Program 1

Expenses: $1,029,366

PROGRAM:EDITORIALMTFP SEEKS TO UNCOVER THE TRUTH AND BRING TO LIGHT ESSENTIAL NEWS STORIES BY STUDYING ARCANE BUREAUCRATIC PROCESSES, SEEKING OUT DARK CORNERS OF MAJOR INSTITUTIONS, DIGGING DEEP INTO DATA AND DOCUMENTS, AND HOLDING THOSE IN POWER ACCOUNTABLE TO THE PEOPLE. WE WORK INDEPENDENTLY AND IN COLLABORATION WITH OTHER NEWS OUTLETS AROUND MONTANA TO PRODUCE MEANINGFUL NEW STORIES THAT HAVE AN IMPACT ON THE LIVES AND LIVELIHOODS OF LOCAL COMMUNITIES.

Program 2

Expenses: $246,254

PROGRAM: AUDIENCEONE OF MTFP'S KEY GOALS IS TO PRODUCE ACCOUNTABILITY AND PUBLIC SERVICE JOURNALISM THAT FILLS THE INFORMATION NEEDS OF MONTANANS, ESPECIALLY IN AREAS WHERE THEY ARE UNDERSERVED BY...

PROGRAM: AUDIENCEONE OF MTFP'S KEY GOALS IS TO PRODUCE ACCOUNTABILITY AND PUBLIC SERVICE JOURNALISM THAT FILLS THE INFORMATION NEEDS OF MONTANANS, ESPECIALLY IN AREAS WHERE THEY ARE UNDERSERVED BY LOCAL NEWS. IN ORDER TO MEET THE INFORMATION NEEDS OF MONTANANS, WE MUST PRIORITIZE DISSEMINATION OF OUR FREE CONTENT. WE HAVE EXPERTISE IN DATA-VISUALIZATION JOURNALISM AND AUDIO JOURNALISM - OUR AUDIENCE SAYS THEY WANT IT AND AREN'T FINDING IT ELSEWHERE - AND CONTINUE TO EXPLORE AND IMPLEMENT NEW METHODS OF DELIVERING NEWS THAT MEET MONTANANS WHEREVER THEY ARE, AND HOWEVER THEY MIGHT ACCESS OUR WORK, WHETHER ONLINE, ON MOBILE, OR VIA CUSTOM-BUILT NEWS APPS AND NEWSLETTERS, SOCIAL MEDIA, BRODCAST, OR LIVE EVENTS.

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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 $2,129,649

Program Service Revenue $0

Investment Income $6,304

Other Revenue $15,713

TOTAL REVENUE $2,151,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,255,945

Fundraising Expenses $427,383

Program Expenses $1,275,620

Other Expenses $670,115

TOTAL EXPENSES $1,926,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,151,666	$1,305,049	+0.6%
Expenses	$1,926,060	$1,470,356	+0.3%
Net Income	$225,606	$-165,307	-2.4%

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

$110,286

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ADAMS	Executive Dir.	40.00	Officer	$96,622	$13,664	$110,286
MARK HUBER	Treasurer	1.00	Officer Director	$0	$0	$0
HEATHER DIETRICK	Director	1.00	Director	$0	$0	$0
ANNE AVIS	Director	1.00	Director	$0	$0	$0
SUSAN FOX	Director	1.00	Director	$0	$0	$0
SKYLAR BROWNING	President	1.00	Officer Director	$0	$0	$0
ALEXIS BONOGOFSKY	Secretary	1.00	Officer Director	$0	$0	$0
TRESA SMITH	Director	1.00	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
2024	$2,151,666	$1,926,060	$1,419,011	$225,606
2023	$1,305,049	$1,470,356	$1,094,047	$-165,307
2022	$1,079,434	$1,253,412	$1,338,420	$-173,978
2021	$925,213	$936,289	$1,395,111	$-11,076
2020	$1,706,709	$569,646	$1,427,198	$1,137,063
2019	$377,225	$306,260	$221,203	$70,965
2018	$292,871	$153,079	$149,117	$139,792