MONTANA CHILDREN'S FOUNDATION

EIN: 810365625 501(c)(3) Health Care

HELENA, MT

Total Revenue
$7,184,745
Total Expenses
$8,748,221
Total Assets
$38,985,248
Net Assets
$21,553,577
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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
1977
Legal Domicile
MT
Principal Officer
CRAIG AASVED
Phone
4064447500
Tax Period
2022-07-01 to 2023-06-30

MONTANA CHILDREN'S FOUNDATION, founded in 1977, is a community nonprofit in the Health Care sector that reported $7.2M in total revenue in fiscal year 2022. Revenue surged 94% from the prior year, signaling strong growth momentum. Expenses of $8.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROMOTE AND FURTHER OPERATIONS OF THE MONTANA CHILDREN'S HOME AND HOSPITAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,475,958
Program Service Revenue $138,550
Investment Income $3,400,199
Other Revenue $170,038
TOTAL REVENUE $7,184,745

Expense Breakdown

Grants Paid $7,866,030
Salaries & Benefits $0
Fundraising Expenses $200,540
Program Expenses $7,866,030
Other Expenses $822,191
TOTAL EXPENSES $8,748,221

Year-over-Year Comparison

2022 2021 Change
Revenue $7,184,745 $3,707,984 +0.9%
Expenses $8,748,221 $10,005,927 -0.1%
Net Income $-1,563,476 $-6,297,943 -0.8%
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
11
Independent Members
11
Employees
N/A
Volunteers
15

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
6
$807,614
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JOEL MAES PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN NORDWICK SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
RITA GOWEN BOARD MEMBER 1.00
Director
$0 $0 $0
GALEN HOLLENBAUGH BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
DR DAVID LECHNER BOARD MEMBER 1.00
Director
$0 $0 $0
DICK MEEKER BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH SHEVLIN BOARD MEMBER 1.00
Director
$0 $0 $0
SANDRA SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
DR EDWARD SURBRUGG BOARD MEMBER 1.00
Director
$0 $0 $0
LEN WHEELER BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG AASVED CHIEF EXECUTIVE OFFICER 10.00
Officer
$0 $57,029 $414,042
MARIA VALDENEGRO CHIEF FINANCIAL OFFICER (THRU 5/5/23) 10.00
Officer
$0 $41,529 $236,399
KELLEY GENTRY INTERIM CHIEF FINANCIAL OFFICER 10.00
Officer
$0 $0 $0
KEITH MEYER FOUNDATION DIRECTOR 40.00
Officer
$0 $24,022 $157,173
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 No data No data No data No data
2023 $7,184,745 $8,748,221 $38,985,248 $-1,563,476
2022 $3,707,984 $10,005,927 $32,536,990 $-6,297,943
2021 $4,287,927 $4,306,871 $31,692,359 $-18,944
2019 $2,866,651 $1,190,312 $20,544,295 $1,676,339
2018 $1,692,165 $1,057,309 $18,800,818 $634,856
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