BILLINGS DEPOT INC (EIN 810500554) - 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

1994

Legal Domicile

Principal Officer

ALLAN MCCORMICK

Phone

4066567273

Tax Period

2023-01-01 to 2023-12-31

BILLINGS DEPOT INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $601K in total revenue in fiscal year 2023. Expenses of $682K exceeded revenue, resulting in a 13% operating deficit.

Mission

BILLINGS DEPOT WAS FORMED TO ASSIST THE CITY OF BILLINGS IN THE RESTORATION, PRESERVATION, AND RENTAL OF THE HISTORIC TRAIN DEPOT. IN ORDER TO ACHIEVE THIS PURPOSE, BILLINGS DEPOT, INC. ENTERED INTO A CONTRACT WITH THE CITY OF BILLINGS TO REHABILITATE, MAINTAIN COSTS ASSOCIATED WITH RESTORATION, MAINTENANCE, AND RENTAL OF THE HISTORIC DEPOT FACILITY, AND TO PRESERVE AND REVITALIZE THE DEPOT AND MONTANA AVENUE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $95,356

Program Service Revenue $530,779

Investment Income $5,112

Other Revenue $-30,046

TOTAL REVENUE $601,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,514

Fundraising Expenses $0

Program Expenses $645,365

Other Expenses $359,564

TOTAL EXPENSES $682,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$601,201	$605,306	0.0%
Expenses	$682,078	$658,456	+0.0%
Net Income	$-80,877	$-53,150	+0.5%

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

$115,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE WILLIAMS	Executive Dir.	40.00	Officer	$102,406	$12,804	$115,210
MARCELL BRUSKI	Director	2.00	Officer Director	$0	$0	$0
ADRIANNA POTTS	President	2.00	Officer Director	$0	$0	$0
MOLLY SCHWEND	Secretary	2.00	Officer Director	$0	$0	$0
ALLEN MCCORMICK	Treasurer	2.00	Officer Director	$0	$0	$0
RYAN DUFFY	Director	2.00	Director	$0	$0	$0
CAM SCHIENO	Director	2.00	Director	$0	$0	$0
ALAN VOGT	Director	2.00	Director	$0	$0	$0
GRANT MCWILLIAMS	Director	2.00	Director	$0	$0	$0
JACQUI HUGHES	Director	2.00	Director	$0	$0	$0
KARL DECOCK	Vice President	2.00	Director	$0	$0	$0
ROBY CARMODY	Director	2.00	Director	$0	$0	$0
LORA MATTOX	Director	2.00	Director	$0	$0	$0
ALY MURNION	Director	2.00	Director	$0	$0	$0
MEHMET CASEY	Director	2.00	Director	$0	$0	$0
AMANDA STONEROCK	Director	2.00	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	$601,201	$682,078	$2,275,305	$-80,877
2021	$559,343	$581,451	$2,400,537	$-22,108
2020	$499,116	$523,527	$2,485,812	$-24,411
2019	$471,368	$597,508	$2,549,905	$-126,140
2018	$585,032	$788,909	$2,721,150	$-203,877

BILLINGS DEPOT INC