MONTANA GRIZZLY SCHOLARSHIP ASSOCIATION

EIN: 810407200 501(c)(3)

MISSOULA, MT

Total Revenue
$3,744,466
Total Expenses
$4,384,408
Total Assets
$5,323,927
Net Assets
$1,222,143
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MT
Principal Officer
COLESON RANDALL
Phone
4062436481
Tax Period
2024-07-01 to 2025-06-30

MONTANA GRIZZLY SCHOLARSHIP ASSOCIATION, founded in 1984, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS & PROMOTIONAL SUPPORT FOR THE UNIVERSITY OF MT. ATHLETIC PROGRAMS.

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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 $2,898,700
Program Service Revenue $410,100
Investment Income $74,735
Other Revenue $360,931
TOTAL REVENUE $3,744,466

Expense Breakdown

Grants Paid $3,549,646
Salaries & Benefits $160,195
Fundraising Expenses $13,666
Program Expenses $3,771,358
Other Expenses $674,567
TOTAL EXPENSES $4,384,408

Year-over-Year Comparison

2024 2023 Change
Revenue $3,744,466 $3,296,328 +0.1%
Expenses $4,384,408 $4,664,166 -0.1%
Net Income $-639,942 $-1,367,838 -0.5%
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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
75

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
4
$95,335
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLESON RANDALL EXECUTIVE DIRECTOR 40.00
Officer
$0 $20,208 $95,335
BRENNIN GRAINEY CO-PRESIDENT 0.40
Officer Director
$0 $0 $0
JAMIE BUHR CO-PRESIDENT 0.40
Officer Director
$0 $0 $0
NICK PORRINI CHAIRMAN OF THE BOARD 0.40
Officer Director
$0 $0 $0
BRIAN HAFNER DIRECTOR 0.20
Director
$0 $0 $0
MOOSE PETRITZ DIRECTOR 0.20
Director
$0 $0 $0
JOSH LARSON DIRECTOR 0.20
Director
$0 $0 $0
SHAY SMITHWICK-HANN DIRECTOR 0.20
Director
$0 $0 $0
TOM MATHEWS DIRECTOR 0.20
Director
$0 $0 $0
TERRY THOMPSON DIRECTOR 0.20
Director
$0 $0 $0
DIRK CAPPIS DIRECTOR 0.20
Director
$0 $0 $0
JENNY HARRIS DIRECTOR 0.20
Director
$0 $0 $0
SPENCER WALSH DIRECTOR 0.20
Director
$0 $0 $0
JIM WIER JR DIRECTOR 0.20
Director
$0 $0 $0
TODD RAHR DIRECTOR 0.20
Director
$0 $0 $0
BILL BRENNER DIRECTOR 0.20
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 $3,744,466 $4,384,408 $5,323,927 $-639,942
2024 No data No data No data No data
2023 $2,710,641 $2,026,099 $5,323,542 $684,542
2022 $2,471,889 $1,901,096 $4,602,557 $570,793
2021 $1,567,594 $1,792,960 $3,440,288 $-225,366
2020 $1,434,726 $1,730,082 $2,578,964 $-295,356
2019 $2,306,849 $2,027,013 $3,053,919 $279,836
2018 $1,987,230 $2,728,131 $2,717,816 $-740,901
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