MONTANA HISTORY FOUNDATION

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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

1985

Legal Domicile

Principal Officer

CHARLENE PORSILD

Phone

4064493770

Tax Period

2024-07-01 to 2025-06-30

MONTANA HISTORY FOUNDATION, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $992K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $9.5M represent 114 months of operating reserves.

Mission

PROVIDE DEVELOPMENT AND ADVISORY LEADERSHIP FOR ORGANIZATIONS DEDICATED TO THE PRESERVATION OF MONTANA'S HISTORY AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $411,362 Revenue: $177,033

FUND RAISING AND GRANTING OF AWARDS TO PROMOTE AND PRESERVE MONTANA HISTORY THROUGHOUT THE STATE.

Program 2

Expenses: $50,098

SUPPORT MONTANA HERITAGE COMMISSION OPERATIONS AND PROJECTS INCLUDING THE PIONEER FUND, VIRGINIA CITY/NEVADA CITY PROJECTS, AND THE RESTORATION OF STONEWALL HALL. THE MAJORITY OF THE RESTRICTED FUNDS FOR THE FISCALLY SPONSORED PROJECT WITH THE MONTANA HERITAGE COMMISSION FOR THE PRESERVATION OF STONEWALL HALL WERE RECEIVED IN THE PRIOR YEAR THOUGH THE MAJORITY OF THE RESTRICTED EXPENDITURES FOR THIS PROJECT OCCURRED IN THE CURRENT YEAR.

Program 3

Expenses: $35,233

MONTANA HISTORICAL SOCIETY PROJECTS

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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 $413,700

Program Service Revenue $0

Investment Income $207,296

Other Revenue $370,875

TOTAL REVENUE $991,871

Expense Breakdown

Grants Paid $91,500

Salaries & Benefits $423,858

Fundraising Expenses $87,537

Program Expenses $698,258

Other Expenses $475,077

TOTAL EXPENSES $990,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$991,871	$1,572,915	-0.4%
Expenses	$990,435	$2,108,316	-0.5%
Net Income	$1,436	$-535,401	-1.0%

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

Volunteers

N/A

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

$136,588

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHASE HIBBARD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BETH MCFADDEN	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
GRANT ZAHAJKO	TREASURER	2.00	Officer Director	$0	$0	$0
HELENA MACLAY	SECRETARY	1.00	Officer Director	$0	$0	$0
CARMINE MOWBRAY	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
CHANTELLE NASH	DIRECTOR	1.00	Director	$0	$0	$0
DEBORA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
OWEN ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
TIM GORDON	DIRECTOR	1.00	Director	$0	$0	$0
MONTY LESH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE PORSILD	PRESIDENT/CEO	40.00	Officer	$136,588	$0	$136,588

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	$991,871	$990,435	$10,059,853	$1,436
2024	$1,572,915	$2,108,316	$9,546,645	$-535,401
2023	$1,576,959	$1,436,158	$9,398,884	$140,801
2022	$1,655,465	$1,005,857	$8,725,083	$649,608
2021	$1,170,117	$753,187	$9,109,325	$416,930
2020	$1,299,183	$809,982	$7,736,805	$489,201
2019	$952,744	$759,421	$7,177,001	$193,323