Downtown Billings Association

EIN: 810434154

Billings, MT

Total Revenue
$204,139
Total Expenses
$239,069
Total Assets
$53,510
Net Assets
$12,181
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MT
Principal Officer
Kathryn Easton
Phone
4062945060
Tax Period
2020-07-01 to 2021-06-30

Downtown Billings Association, founded in 1985, is a small nonprofit that reported $204K in total revenue in fiscal year 2020. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $239K exceeded revenue, resulting in a 17% operating deficit.

Mission

The Downtown Billings Association exists to help its members in protecting and developing the Downtown Business District

Program Service Accomplishments

Program 1
Expenses: $239,069 Revenue: $112,994

The organization provides services and events that promote the community and growth of Downtown Billings. Events organized by the association are open and free to the public.

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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 (2020)

Revenue Breakdown

Contributions & Grants $91,145
Program Service Revenue $112,973
Investment Income $21
Other Revenue $0
TOTAL REVENUE $204,139

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,899
Fundraising Expenses $0
Program Expenses $239,069
Other Expenses $171,170
TOTAL EXPENSES $239,069

Year-over-Year Comparison

2020 2019 Change
Revenue $204,139 $147,400 +0.4%
Expenses $239,069 $156,258 +0.5%
Net Income $-34,930 $-8,858 +2.9%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
25

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
3
$67,116
Total Directors
16
$67,116
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathryn Easton CEO 20.00
Officer Director
$20,135 $0 $67,116
Sam Merrick Chairman 1.00
Officer Director
$0 $0 $0
Jeff Keller Treasurer 1.00
Officer Director
$0 $0 $0
Mia Yegen Director 1.00
Director
$0 $0 $0
Biff Hagstrom Director 1.00
Director
$0 $0 $0
Travis Dimond Director 1.00
Director
$0 $0 $0
Katie Thurman Director 1.00
Director
$0 $0 $0
Brandon Scala Director 1.00
Director
$0 $0 $0
Toni Schneider Director 1.00
Director
$0 $0 $0
Chris White Director 1.00
Director
$0 $0 $0
Zack Dunn Director 1.00
Director
$0 $0 $0
Matt Blakeslee Director 1.00
Director
$0 $0 $0
Mariah Carpenter Director 1.00
Director
$0 $0 $0
Ann Kosempa Director 1.00
Director
$0 $0 $0
Kendra Fike Director 1.00
Director
$0 $0 $0
Jeff Lethert 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
2021 $204,139 $239,069 $53,510 $-34,930
2020 $147,400 $156,258 $67,740 $-8,858
2019 $371,050 $368,252 $61,562 $2,798
2018 $213,531 $211,024 $50,690 $2,507
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