Montana Joint Powers Trust c/o Employee Benefit Management Services (EIN 810457009) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

Shane Heigis

Phone

8668868612

Tax Period

2024-07-01 to 2025-06-30

Montana Joint Powers Trust c/o Employee Benefit Management Services, founded in 1988, is a mid-sized nonprofit that reported $51.6M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

To provide employees of Montana and Wyoming public service agencies with cost-effective group health benefit plans, and to provide wellness education and quality benefit programs which are designed to meet the needs of our members.

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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 $0

Program Service Revenue $51,223,017

Investment Income $349,694

Other Revenue $0

TOTAL REVENUE $51,572,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $456,567

Fundraising Expenses $0

Other Expenses $4,780,372

TOTAL EXPENSES $51,636,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,572,711	$39,286,768	+0.3%
Expenses	$51,636,037	$41,251,002	+0.3%
Net Income	$-63,326	$-1,964,234	-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

N/A

Employees

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

$208,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephanie Verhasselt	Chair	1.00	Officer Director	$0	$0	$0
Richard Dunbar	Vice Chair	1.00	Officer Director	$0	$0	$0
Kody Farkell	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Elliott Crump	Trustee until Sept	1.00	Director	$0	$0	$0
Jeff Bermes	Trustee	1.00	Director	$0	$0	$0
Jodi Pedersen	Trustee	1.00	Director	$0	$0	$0
John Fitzgerald	Trustee	1.00	Director	$0	$0	$0
Mark Wandle	Trustee	1.00	Director	$0	$0	$0
Shane Heigis	Executive Director	40.00	Officer	$174,891	$33,359	$208,250

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	$51,572,711	$51,636,037	$9,312,429	$-63,326
2024	$39,286,768	$41,251,002	$7,949,957	$-1,964,234
2023	$40,852,097	$40,230,485	$8,938,212	$621,612
2022	$38,603,841	$39,476,779	$7,649,981	$-872,938
2021	$40,721,740	$41,939,759	$11,191,637	$-1,218,019
2020	$34,723,914	$34,318,232	$7,278,950	$405,682
2019	$32,538,314	$29,447,289	$6,932,056	$3,091,025
2018	$32,405,229	$30,275,903	$3,387,687	$2,129,326

Montana Joint Powers Trust c/o Employee Benefit Management Services