GREAT FALLS DEVELOPMENT AUTHORITY (EIN 810465605) - 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

1990

Legal Domicile

Principal Officer

BRETT DONEY

Phone

4067502119

Tax Period

2024-07-01 to 2025-06-30

GREAT FALLS DEVELOPMENT AUTHORITY, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $9.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $5.0M, a strong 55% operating margin.

Mission

THE GREAT FALLS DEVELOPMENT AUTHORITY, INC. DBA GREAT FALLS DEVELOPMENT ALLIANCE (GFDA) IS A COMMUNITY ECONOMIC DEVELOPMENT PARTNERSHIP AND CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). GFDA IS ORGANIZED AS A MONTANA NONPROFIT 501(C)3 CHARITABLE CORPORATION. IT IS A BROAD PRIVATE, NONPROFIT, AND PUBLIC PARTNERSHIP THAT SERVES THE GREAT FALLS MONTANA MSA AND THE SURROUNDING 13-COUNTY RURAL AND TRIBAL TRADE AREA OF NORTH CENTRAL 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,716,382

Program Service Revenue $6,861,962

Investment Income $1

Other Revenue $549,331

TOTAL REVENUE $9,127,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,119,480

Fundraising Expenses $71,233

Program Expenses $3,864,930

Other Expenses $1,999,814

TOTAL EXPENSES $4,119,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,127,676	$9,946,706	-0.1%
Expenses	$4,119,294	$4,315,755	0.0%
Net Income	$5,008,382	$5,630,951	-0.1%

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

125

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

$278,453

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNNA LIGHTBOURNE	CHAIR	1.50	Officer Director	$0	$0	$0
NATE WEISENBURGER	TREASURER	1.50	Officer Director	$0	$0	$0
ANDREAS GERANIOS	SECRETARY	1.50	Officer Director	$0	$0	$0
SHERRIE AREY	DIRECTOR	1.50	Director	$0	$0	$0
REED BASSETT	DIRECTOR	1.50	Director	$0	$0	$0
GLENN BLISS	DIRECTOR	1.50	Director	$0	$0	$0
JOE BRIGGS	DIRECTOR	1.50	Director	$0	$0	$0
ED BROWN	DIRECTOR	1.50	Director	$0	$0	$0
MARK CAPPIS	DIRECTOR	1.50	Director	$0	$0	$0
KYLIE CARRANZA	DIRECTOR	1.50	Director	$0	$0	$0
JIM DEA	DIRECTOR	1.50	Director	$0	$0	$0
REBECCA ENGUM	DIRECTOR	1.50	Director	$0	$0	$0
STEPHANIE ERDMANN	DIRECTOR	1.50	Director	$0	$0	$0
SHANE ETZWILER	DIRECTOR	1.50	Director	$0	$0	$0
RANDY GILBERTSON	DIRECTOR	1.50	Director	$0	$0	$0
DANI GREBE	DIRECTOR	1.50	Director	$0	$0	$0
ROB HANEY	DIRECTOR	1.50	Director	$0	$0	$0
BRETT HARRIS	DIRECTOR	1.50	Director	$0	$0	$0
TOM HEISLER	DIRECTOR	1.50	Director	$0	$0	$0
KYLE HERDA	DIRECTOR	1.50	Director	$0	$0	$0
SHANNON HOILAND	DIRECTOR	1.50	Director	$0	$0	$0
DWAYNE HOWARD	DIRECTOR	1.50	Director	$0	$0	$0
HEATHER HOYER	DIRECTOR	1.50	Director	$0	$0	$0
KACI HUSTED	DIRECTOR	1.50	Director	$0	$0	$0
TRACY JERMAN	DIRECTOR	1.50	Director	$0	$0	$0
PEYTON JOHNSON	DIRECTOR	1.50	Director	$0	$0	$0
TOBY MALSAM	DIRECTOR	1.50	Director	$0	$0	$0
ZACH MENDENHALL	DIRECTOR	1.50	Director	$0	$0	$0
MIKE MILLS	DIRECTOR	1.50	Director	$0	$0	$0
TYLER MUZZANA	DIRECTOR	1.50	Director	$0	$0	$0
GEORGE NIKOLAKAKOS	DIRECTOR	1.50	Director	$0	$0	$0
JAYSON OLTOFF	DIRECTOR	1.50	Director	$0	$0	$0
RAYMOND PORTER	DIRECTOR	1.50	Director	$0	$0	$0
DAN REARDEN	DIRECTOR	1.50	Director	$0	$0	$0
ERROL RICE	DIRECTOR	1.50	Director	$0	$0	$0
BRITTANY RILEY	DIRECTOR	1.50	Director	$0	$0	$0
DENISE SCHNIDER	DIRECTOR	1.50	Director	$0	$0	$0
DAVE SMITH	DIRECTOR	1.50	Director	$0	$0	$0
MORGAN TWEET	DIRECTOR	1.50	Director	$0	$0	$0
SHARON VIRGIN	DIRECTOR	1.50	Director	$0	$0	$0
JESSE WALDENBERG	DIRECTOR	1.50	Director	$0	$0	$0
LEN WATKINS	DIRECTOR	1.50	Director	$0	$0	$0
PATRICK WOODALL	DIRECTOR	1.50	Director	$0	$0	$0
BRETT DONEY	PRESIDENT	40.00	Officer	$243,973	$34,480	$278,453
JOLENE SCHALPER	VICE PRESIDENT	40.00	Highest	$107,179	$35,054	$142,233

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	$9,127,676	$4,119,294	$39,178,058	$5,008,382
2024	$9,946,706	$4,315,755	$32,752,170	$5,630,951
2023	$5,654,586	$3,976,349	$24,426,365	$1,678,237
2022	$5,045,202	$3,464,348	$19,433,536	$1,580,854
2021	$6,629,023	$2,644,612	$16,421,780	$3,984,411
2020	$3,071,297	$2,829,221	$11,341,861	$242,076
2019	$2,852,637	$2,637,904	$11,102,402	$214,733

GREAT FALLS DEVELOPMENT AUTHORITY