GALLATIN DEVELOPMENT CORPORATION DBA PROSPERA BUSINESS NETWORK

EIN: 810435350

BOZEMAN, MT

Total Revenue
$1,492,955
Total Expenses
$1,308,234
Total Assets
$11,661,293
Net Assets
$856,077
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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
1986
Legal Domicile
MT
Principal Officer
PAUL REICHERT
Phone
4065873113
Tax Period
2023-01-01 to 2023-12-31

GALLATIN DEVELOPMENT CORPORATION DBA PROSPERA BUSINESS NETWORK, founded in 1986, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 12% surplus.

Mission

TO ADVANCE AND INSPIRE DIVERSE ECONOMIES AND RESILIENT COMMUNITIES IN SOUTHWEST MONTANA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $788,220
Program Service Revenue $284,697
Investment Income $369,871
Other Revenue $50,167
TOTAL REVENUE $1,492,955

Expense Breakdown

Grants Paid $70,056
Salaries & Benefits $751,373
Fundraising Expenses $19,386
Program Expenses $1,053,005
Other Expenses $486,805
TOTAL EXPENSES $1,308,234

Year-over-Year Comparison

2023 2022 Change
Revenue $1,492,955 $1,450,415 +0.0%
Expenses $1,308,234 $1,466,860 -0.1%
Net Income $184,721 $-16,445 -12.2%
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
15
Independent Members
15
Employees
15
Volunteers
47

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
7
$224,171
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL REICHERT Executive Dir 40.00
Officer
$104,869 $17,516 $122,385
CAROLYN MURRAY Finance Dir 40.00
Officer
$89,597 $12,189 $101,786
STEPHANIE GRAY Director 1.00
Director
$0 $0 $0
MARLEY MCKENNA Past President 1.50
Officer Director
$0 $0 $0
SKY COOK President 1.50
Officer Director
$0 $0 $0
ANNA JOHNSON Director 1.00
Director
$0 $0 $0
BRYAN ROBERTUS Director 1.00
Director
$0 $0 $0
CAREY LEEP Director 1.00
Director
$0 $0 $0
COLEE WINGO Director 1.00
Director
$0 $0 $0
JASON JOHNSON President Elect 1.50
Officer Director
$0 $0 $0
DANIEL JULIANO Director 1.00
Director
$0 $0 $0
SCOTT SEHNERT Director 1.00
Director
$0 $0 $0
JON AYRES Director 1.00
Director
$0 $0 $0
VALERIE EDWARDS Director 1.00
Director
$0 $0 $0
MATT SZCZEPANSKI Secretary 1.50
Officer Director
$0 $0 $0
AMY MCNULTY Treasurer 1.50
Officer Director
$0 $0 $0
EMMETT HASLER 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
2024 No data No data No data No data
2023 $1,492,955 $1,308,234 $11,661,293 $184,721
2022 $1,450,415 $1,466,860 $9,145,103 $-16,445
2021 $1,633,170 $1,293,115 $4,838,186 $340,055
2020 $1,112,507 $902,793 $3,426,821 $209,714
2019 $840,552 $821,176 $2,876,332 $19,376
2018 $887,527 $860,656 $3,503,690 $26,871
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