MONTANA CHAMBER OF COMMERCE

EIN: 810171280

HELENA, MT

Total Revenue
$2,070,862
Total Expenses
$2,012,675
Total Assets
$1,656,464
Net Assets
$1,234,405
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1931
Legal Domicile
MT
Principal Officer
TODD O'HAIR
Phone
4064313248
Tax Period
2023-10-01 to 2024-09-30

MONTANA CHAMBER OF COMMERCE, founded in 1931, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO CREATE AND SUSTAIN AN OPTIMAL BUSINESS CLIMATE, BUSINESS PROSPERITY AND A STRONG MONTANA ECONOMY THROUGH ADVOCACY, EDUCATION AND COLLABORATION, WORKING TO PROVIDE AN EMPOWERED AND EDUCATED WORKFORCE, REDUCE BUSINESS GROWTH OBSTACLES, AND ADVANCE POSITIONS THAT PROMOTE SUCCESS FOR MONTANA BUSINESSES.

Program Service Accomplishments

Program 1

THE CHAMBER SPONSORS EVENTS AND PROJECTS ON AN AS NEEDED BASIS TO ENHANCE THE ECONOMIC VIABILITY OF MONTANA AND IMPROVE THE ENVIRONMENT IN WHICH COMPANIES CONDUCT BUSINESS. THE EVENTS HAVE THE GOAL...

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THE CHAMBER SPONSORS EVENTS AND PROJECTS ON AN AS NEEDED BASIS TO ENHANCE THE ECONOMIC VIABILITY OF MONTANA AND IMPROVE THE ENVIRONMENT IN WHICH COMPANIES CONDUCT BUSINESS. THE EVENTS HAVE THE GOAL OF KEEPING THE CHAMBER'S MEMBERS INFORMED AND DEVELOPING UNITY AND STRENGTH AMONG MONTANA'S BUSINESSES. THE PROGRAMS MAY INVOLVE TRADE, HEALTH CARE, LEGISLATIVE ADVOCACY OR LEGAL REFORM.

Program 2

ENVISION 2026 WAS IMPLEMENTED IN 2016 AS A 10-YEAR STRATEGIC PLAN FOCUSED ON THE SUSTAINED ECONOMIC GROWTH FOR MONTANA. TO MEET ITS FOUR GOALS BY 2026, THE MONTANA CHAMBER WILL WORK IN THE FOLLOWING...

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ENVISION 2026 WAS IMPLEMENTED IN 2016 AS A 10-YEAR STRATEGIC PLAN FOCUSED ON THE SUSTAINED ECONOMIC GROWTH FOR MONTANA. TO MEET ITS FOUR GOALS BY 2026, THE MONTANA CHAMBER WILL WORK IN THE FOLLOWING FOUR KEY AREAS TO DRIVE PER CAPITA PERSONAL INCOME LEVELS AND GROWTH, GROSS STATE PRODUCT GROWTH, AND JOB GROWTH: WORKFORCE; ENTREPRENEURSHIP; BUSINESS CLIMATE; AND INFRASTRUCTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,054,246
Program Service Revenue $750,322
Investment Income $62,190
Other Revenue $204,104
TOTAL REVENUE $2,070,862

Expense Breakdown

Grants Paid $15,980
Salaries & Benefits $1,042,527
Fundraising Expenses $0
Other Expenses $954,168
TOTAL EXPENSES $2,012,675

Year-over-Year Comparison

2023 2022 Change
Revenue $2,070,862 $1,780,320 +0.2%
Expenses $2,012,675 $1,947,471 +0.0%
Net Income $58,187 $-167,151 -1.3%
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

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Governance

Voting Members
28
Independent Members
27
Employees
9
Volunteers
32

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
3
$182,868
Total Directors
32
$182,868
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD O'HAIR PRESIDENT/CEO/SECRETARY/TR 26.00
Officer Director
$162,207 $20,661 $182,868
NANCY SCHLEPP CHAIR 2.00
Officer Director
$0 $0 $0
COURTNEY KIBBLEWHITE IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
BILL BICKLE DIRECTOR 1.00
Director
$0 $0 $0
DAVID HOFFMAN DIRECTOR (THRU 6/1/24) 2.00
Director
$0 $0 $0
JON BENNON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL CANDELARIA DIRECTOR 1.00
Director
$0 $0 $0
DAN CARTER DIRECTOR 1.00
Director
$0 $0 $0
TOM DOLAN DIRECTOR 1.00
Director
$0 $0 $0
BETSY EARLS DIRECTOR 1.00
Director
$0 $0 $0
MARK FAIRBAIRN DIRECTOR (THRU 2/1/24) 1.00
Director
$0 $0 $0
BLAIR FJESETH DIRECTOR 1.00
Director
$0 $0 $0
PADDY FLEMING DIRECTOR 1.00
Director
$0 $0 $0
ADAM GILBERTSON DIRECTOR 1.00
Director
$0 $0 $0
COLLETE HANSON DIRECTOR (THRU 12/1/23) 1.00
Director
$0 $0 $0
CHRISTINA HENDERSON DIRECTOR 1.00
Director
$0 $0 $0
REBECCA JONES DIRECTOR 1.00
Director
$0 $0 $0
LISA KELLEY DIRECTOR 1.00
Director
$0 $0 $0
MATT KIDD DIRECTOR 1.00
Director
$0 $0 $0
JOCELYN LANE DIRECTOR 1.00
Director
$0 $0 $0
JESSIE LUTHER DIRECTOR 1.00
Director
$0 $0 $0
LIZ MARCHI DIRECTOR 1.00
Director
$0 $0 $0
ANGIE MURDO DIRECTOR 1.00
Director
$0 $0 $0
ALAN OLSON DIRECTOR 1.00
Director
$0 $0 $0
TONY ROSANOVA DIRECTOR 2.00
Director
$0 $0 $0
RON SLINGER DIRECTOR 1.00
Director
$0 $0 $0
JOHN SUH DIRECTOR (THRU 6/1/24) 1.00
Director
$0 $0 $0
CHERIE TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
RICH WHITE DIRECTOR 1.00
Director
$0 $0 $0
KATIE WHITMOYER DIRECTOR 1.00
Director
$0 $0 $0
GARY WIENS DIRECTOR 1.00
Director
$0 $0 $0
ERIC WOOD DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW OLSON DIRECTOR OF NETWORK DEV 40.00
Highest
$175,299 $16,718 $192,017
CANDACE STRAUSS VP MARKETING & COMM 40.00
Highest
$132,414 $1,231 $133,645
FRANK ROBISON GOV'T RELATIONS DIRECTOR 40.00
Highest
$145,000 $10,938 $155,938
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 $2,070,862 $2,012,675 $1,656,464 $58,187
2023 $1,780,320 $1,947,471 $1,508,069 $-167,151
2022 $1,669,940 $1,539,118 $1,384,013 $130,822
2021 $1,135,612 $1,028,630 $1,284,878 $106,982
2020 $923,650 $990,480 $1,076,561 $-66,830
2019 $1,100,300 $1,276,099 $1,156,968 $-175,799
2018 $1,368,156 $1,290,642 $1,474,423 $77,514
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