STUDENT ASSISTANCE FOUNDATION OF MONTANA (EIN 810527529) - 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

1999

Legal Domicile

Principal Officer

SCOTT TODOROVICH

Phone

4064957800

Tax Period

2023-07-01 to 2024-06-30

STUDENT ASSISTANCE FOUNDATION OF MONTANA, founded in 1999, is a community nonprofit in the Public & Societal Benefit sector that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $4.2M left a modest 13% surplus.

Mission

TO PROVIDE SERVICES THAT SUPPORT MONTANAN'S PURSUIT OF POST SECONDARY EDUCATION.

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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 $0

Program Service Revenue $4,011,472

Investment Income $891,071

Other Revenue $-26,966

TOTAL REVENUE $4,875,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,373,954

Fundraising Expenses $0

Program Expenses $3,947,971

Other Expenses $846,695

TOTAL EXPENSES $4,220,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,875,577	$4,372,015	+0.1%
Expenses	$4,220,649	$3,804,000	+0.1%
Net Income	$654,928	$568,015	+0.2%

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

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

$666,048

Total Directors

$10,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY CUNNINGHAM	BOARD CHAIR SAF, DIRECTOR MHESAC	3.00	Director	$1,800	$0	$3,600
TERRY COSGROVE	DIRECTOR SAF, DIRECTOR MHESAC	1.00	Director	$1,800	$0	$3,600
CRAIG ROLOFF	DIRECTOR-SECRETARY/TREASUR	1.00	Officer Director	$1,800	$0	$1,800
BRIAN OBERT	DIRECTOR-VICE CHAIR	1.00	Director	$1,800	$0	$1,800
BRYN HAGFORS	DIRECTOR-VICE CHAIR	1.00	Director	$0	$0	$0
SCOTT TODOROVICH	PRESIDENT/CEO SAF, CEO MHESAC	39.00	Officer	$230,785	$29,379	$260,164
JOLENE SELBY	VICE PRESIDENT SAF, CFO MHESAC	26.00	Officer	$194,168	$33,677	$227,845
KELLY CRESSWELL	VP SAF, EXECUTIVE DIRECTOR RHM	1.00	Officer	$140,159	$36,080	$176,239
JEFF FLOERCHINGER	DIRECTOR OF CLIENT FINANCE	24.00	Highest	$108,866	$20,371	$129,237
BRENDA OLSON	CONTROLLER	36.00	Highest	$100,321	$18,221	$118,542
MICHAEL ROMINE	IT INFRASTRUCTURE MANAGER	36.00	Highest	$102,128	$29,410	$131,538

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	No data	No data	No data	No data
2024	$4,875,577	$4,220,649	$30,962,769	$654,928
2023	$4,555,585	$3,804,000	$29,190,539	$751,585
2023	$4,372,015	$3,804,000	$29,190,539	$568,015
2022	$5,408,752	$3,689,126	$27,473,857	$1,719,626
2022	$5,232,862	$3,689,126	$27,473,857	$1,543,736
2021	$4,499,740	$3,635,117	$28,501,585	$864,623
2020	$4,068,005	$3,730,635	$21,083,027	$337,370
2019	$3,785,524	$3,716,018	$19,016,443	$69,506

STUDENT ASSISTANCE FOUNDATION OF MONTANA