ROCKY MOUNTAIN COLLEGE

EIN: 810235407 501(c)(3) Education

BILLINGS, MT

Total Revenue
$51,652,320
Total Expenses
$51,448,312
Total Assets
$91,406,762
Net Assets
$78,025,943
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
MT
Principal Officer
MELODIE MILROY
Phone
4066571000
Tax Period
2024-07-01 to 2025-06-30

ROCKY MOUNTAIN COLLEGE, founded in 1947, is a mid-sized nonprofit in the Education sector that reported $51.7M in total revenue in fiscal year 2024.

Mission

ROCKY MOUNTAIN COLLEGE EDUCATES FUTURE LEADERS THROUGH LIBERAL ARTS AND PROFESSIONAL PROGRAMS THAT CULTIVATE CRITICAL THINKING, CREATIVE EXPRESSION, ETHICAL DECISION MAKING, INFORMED CITIZENSHIP, AND PROFESSIONAL EXCELLENCE.

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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 $4,962,018
Program Service Revenue $44,070,911
Investment Income $2,411,391
Other Revenue $208,000
TOTAL REVENUE $51,652,320

Expense Breakdown

Grants Paid $19,783,891
Salaries & Benefits $15,991,448
Fundraising Expenses $221,493
Program Expenses $46,297,948
Other Expenses $15,672,973
TOTAL EXPENSES $51,448,312

Year-over-Year Comparison

2024 2023 Change
Revenue $51,652,320 $49,861,937 +0.0%
Expenses $51,448,312 $47,574,315 +0.1%
Net Income $204,008 $2,287,622 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
742
Volunteers
13

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
7
$1,086,076
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNETTE SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
TIM BROCOPP BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER OWEN BOARD MEMBER 1.00
Director
$0 $0 $0
BILL LAMDIN BOARD MEMBER 1.00
Director
$0 $0 $0
GREG WING BOARD MEMBER 1.00
Director
$0 $0 $0
MEGAN KONGAIKA BOARD MEMBER 1.00
Director
$0 $0 $0
VU PHAM BOARD MEMBER 1.00
Director
$0 $0 $0
RICH ST JOHN CHAIR 1.00
Officer Director
$0 $0 $0
REV DR TONY CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
COLTEN WELHAVEN BOARD MEMBER 1.00
Director
$0 $0 $0
DUSTY EATON BOARD MEMBER 1.00
Director
$0 $0 $0
REV KAREN MCRAE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN STEWART BOARD MEMBER 1.00
Director
$0 $0 $0
TOBY O'ROURKE BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN RESER ACADEMIC VICE PRESIDENT 40.00
Officer
$117,494 $11,806 $129,300
BRAD NASON VICE PRESIDENT/DEAN FOR ST 40.00
Officer
$122,658 $10,624 $133,282
AUSTIN MAPSTON VICE PRESIDENT FOR ENROLLM 40.00
Officer
$134,758 $13,089 $147,847
MELODIE MILROY CFO/TREASURER 40.00
Officer
$150,000 $16,299 $166,299
ANTHONY PILTZ PROFESSOR, ACCOUNTING/PROV 40.00
Officer
$197,200 $15,791 $212,991
ROBERT WILMOUTH PRESIDENT 40.00
Officer
$275,000 $21,357 $296,357
CHRISTOPHER FARMER CHIEF PILOT 40.00
Highest
$100,600 $21,327 $121,927
JENNIFER BEVERLY PROFESSOR 40.00
Highest
$103,000 $20,159 $123,159
BRADY RUFF PROFESSOR 40.00
Highest
$103,600 $20,159 $123,759
DANIEL HARGROVE PROFESSOR, AVIATION 40.00
Highest
$107,764 $7,520 $115,284
CARRIE HALL PROGRAM DIRECTOR 40.00
Highest
$127,500 $21,701 $149,201
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 $51,652,320 $51,448,312 $91,406,762 $204,008
2024 $49,861,937 $47,574,315 $87,743,441 $2,287,622
2023 $48,321,116 $47,635,503 $84,019,478 $685,613
2022 $47,609,198 $44,885,380 $80,874,555 $2,723,818
2021 $57,127,243 $42,919,989 $88,159,868 $14,207,254
2020 $42,030,669 $42,524,214 $75,298,645 $-493,545
2019 $39,363,579 $42,329,342 $70,688,763 $-2,965,763
2018 $40,164,812 $40,452,085 $69,376,924 $-287,273
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