MONTANA GRIZZLY SCHOLARSHIP ASSOCI… - 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

1984

Legal Domicile

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

THE MONTANA GRIZZLY SCHOLARSHIP ASSOCIATION'S (MGSA) PRIMARY OBJECTIVE IS TO RAISE SCHOLARSHIP FUNDS FOR THE UNIVERSITY OF MONTANA (UM) STUDENT-ATHLETES. THE MGSA ALSO ASSISTS THE ATHLETIC DEPARTMENT WITH VARIOUS FUNDRAISING ACTIVITIES, AND ACTIVELY PROMOTES INTEREST IN AND AWARENESS OF ALL UM SPORTS PROGRAMS. THE MGSA, THROUGH ITS BOARD OF DIRECTORS BELIEVES THAT A SUCCESSFUL ATHLETICS PROGRAM ENHANCES THE UNIVERSITY EXPERIENCE FOR STUDENT-ATHLETES AND NON-STUDENT-ATHLETES ALIKE AS WELL AS BUILDING A STRONG ALLIANCE WITH THE COMMUNITY AND ALUMNI. WE BELIEVE IT IS THE RESPONSIBILTY OF THE MGSA TO HELP ACHIEVE THESE OBJECTIVES BY EDUCATING THE GENERAL PUBLIC AND THE STUDENT-ATHLETES ABOUT THE FISCAL NEEDS OF THE UNIVERSITY OF MONTANA'S ATHLETIC PROGRAM; BUILDING COMMUNITY SUPPORT; AND PROVIDING THROUGH DEVELOPMENT AND FUNDRAISING PROGRAMS, THE PRIVATE FINANCIAL RESOURCES NECESSARY TO FUND SCHOLARSHIPS AND OTHER NEEDS.

Program Service Accomplishments

Program 1

Expenses: $3,771,358 Revenue: $410,100

CONTRIBUTIONS TO THE UNIVERSITY OF MONTANA ATHLETIC PROGRAMS. ATHLETIC PROGRAMS CONSIST OF FOOTBALL,MEN'S AND WOMEN'S BASKETBALL,TRACK,AND OTHER ATHLETIC PROGRAMS. MGSA PROVIDES SCHOLARSHIPS FOR 250...

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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 (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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$95,335

Total Directors

Key Employees

Highest Compensated

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

MONTANA GRIZZLY SCHOLARSHIP ASSOCIATION