MONTANA TECHNOLOGICAL UNIVERSITY F… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

JAIME HEPPLER

Phone

4064964615

Tax Period

2023-07-01 to 2024-06-30

MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION, founded in 1967, is a community nonprofit in the Education sector that reported $9.8M in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.5M, a strong 36% operating margin.

Mission

THE MISSION OF THE MONTANA TECH FOUNDATION IS TO ADVANCE THE TEACHING, RESEARCH, AND PUBLIC SERVICE ENDEAVORS OF MONTANA TECHNOLOGICAL UNIVERSITY BY GENERATING PRIVATE CONTRIBUTIONS TO SUPPLEMENT THE INSTITUTION'S STATE AND FEDERAL REVENUES FOR CAPITAL, OPERATING, AND STUDENT ASSISTANCE FUNDS. ESTABLISHED IN 1967 UNDER STATE OF MONTANA LAW, THE FOUNDATION IS THE CATALYST AND CONDUIT THROUGH WHICH GIFTS AND ENDOWMENT INCOME FLOW TO PROVIDE IMMEDIATE AND LONG-TERM SUPPORT FOR MONTANA TECHNOLOGICAL UNIVERSITY AND ALL OF ITS PROGRAMS. THE FOUNDATION IS A MECHANISM THROUGH WHICH PRIVATE SUPPORT IS RAISED AND MANAGED FOR THE SOLE BENEFIT OF MONTANA TECHNOLOGICAL UNIVERSITY. OVERSEEN BY A BOARD OF DIRECTORS AND STAFFED BY A TEAM OF DEVELOPMENT PROFESSIONALS, THE FOUNDATION ADMINISTERS ALL GIFTS IN A BUSINESS-LIKE MANNER IN ACCORDANCE WITH DONORS' WISHES.

Program Service Accomplishments

Program 1

Expenses: $4,384,430 Revenue: $0

THE MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION PROVIDED THE MONTANA TECHNOLOGICAL UNIVERSITY WITH PRIVATE DOLLARS TO ADVANCE ITS MISSION TO CONNECT STUDENTS TO A NETWORK OF PEOPLE, OPPORTUNITIES AND EXPERIENCE THAT EMPOWER THEM TO CHANGE THE WORLD. THE FOUNDATION PROVIDED $1.8 MILLION IN SCHOLARSHIPS TO 551 STUDENTS AND $2.6 MILLION TO ASSIST DEPARTMENTS WITH PURCHASES OF EQUIPMENT, SUPPLIES AND FACULTY SUPPORT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,509,781

Program Service Revenue $0

Investment Income $2,109,833

Other Revenue $217,257

TOTAL REVENUE $9,836,871

Expense Breakdown

Grants Paid $3,359,198

Salaries & Benefits $1,114,123

Fundraising Expenses $1,069,657

Program Expenses $4,384,430

Other Expenses $1,846,631

TOTAL EXPENSES $6,319,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,836,871	$43,480,742	-0.8%
Expenses	$6,319,952	$12,320,425	-0.5%
Net Income	$3,516,919	$31,160,317	-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

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

$423,739

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAIME HEPPLER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$190,593	$44,003	$234,596
LUKE MEYER	VICE PRESIDENT OF DEVELOPMENT	40.00	Officer	$142,361	$36,265	$178,626
LANCE J ALLEN	CHIEF FINANCIAL OFFICER	40.00	Officer	$10,517	$0	$10,517
BOB SHEPHERD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BRYAN LARSON	OUTGOING CHAIR (THRU 2/24)	1.00	Officer Director	$0	$0	$0
JOSH VINCENT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KRISTEN MANSON	TREASURER	1.00	Officer Director	$0	$0	$0
JERRI DOYLE	SECRETARY	1.00	Officer Director	$0	$0	$0
NICKI MILLER HOUSTON	DIRECTOR	1.00	Director	$0	$0	$0
KATHY ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
DAVE BURGER	DIRECTOR	1.00	Director	$0	$0	$0
BILL DAILY	DIRECTOR	1.00	Director	$0	$0	$0
JON CHERRY	DIRECTOR	1.00	Director	$0	$0	$0
GARY KOLSTAD	DIRECTOR	1.00	Director	$0	$0	$0
JONNA LASLOVICH	DIRECTOR	1.00	Director	$0	$0	$0
LEO MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS GARBARINO	DIRECTOR	1.00	Director	$0	$0	$0
LEO MCARTHY	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
2025	No data	No data	No data	No data
2024	$9,836,871	$6,319,952	$109,611,447	$3,516,919
2023	$43,480,742	$12,320,425	$100,387,232	$31,160,317
2022	$13,181,089	$7,193,518	$66,302,899	$5,987,571
2021	$7,987,188	$4,882,897	$62,802,705	$3,104,291
2020	$6,830,837	$5,766,992	$50,088,966	$1,063,845
2019	$5,934,648	$6,522,506	$49,610,748	$-587,858

MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION