NORTH CENTRAL MONTANA ECONOMIC DEV… - Form 990 Financial Data

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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

2001

Legal Domicile

Phone

4067275173

Tax Period

2023-01-01 to 2023-12-31

NORTH CENTRAL MONTANA ECONOMIC DEVELOPMENT DISTRICT, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $480K in total revenue in fiscal year 2023. The organization ran a surplus of $147K, a strong 31% operating margin.

Mission

TO PROVIDE THROUGH LOCAL LEADERSHIP ECONOMIC, TECHNICAL, AND ENGINEERING INFORMATION, AND ACCESS TO RESOURCES TO IMPROVE THEECONOMIES IN THE AREA.

Program Service Accomplishments

Program 1

Expenses: $304,529

TO PROVIDE THROUGH LOCAL LEADERSHIP ECONOMIC, TECHNICAL, AND ENGINEERING INFORMATION, AND ACCESS TO RESOURCES TO IMPROVE THE ECONOMIES IN THE AREA.

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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 $428,122

Program Service Revenue $27,724

Investment Income $23,320

Other Revenue $667

TOTAL REVENUE $479,833

Expense Breakdown

Grants Paid $51,000

Salaries & Benefits $127,085

Fundraising Expenses $0

Program Expenses $304,529

Other Expenses $154,614

TOTAL EXPENSES $332,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$479,833	$487,096	0.0%
Expenses	$332,699	$991,804	-0.7%
Net Income	$147,134	$-504,708	-1.3%

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

N/A

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH CONVERSE	Executive Direc	40.00	Officer	$80,000	$0	$80,000
TONY SITZMAN	Chairman	4.00	Director	$0	$0	$0
LORETTE CARTER	Director	1.00	Director	$0	$0	$0
CYNDI JOHNSON	Treasurer	1.00	Director	$0	$0	$0
LILA EVANS	Director	1.00	Director	$0	$0	$0
MIKE MILLS	Vice Chairman	1.00	Director	$0	$0	$0
JIM LARSEN	Secretary	1.00	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	$479,833	$332,699	$749,016	$147,134
2022	$487,096	$991,804	$603,009	$-504,708
2021	$526,778	$320,074	$1,106,039	$206,704
2020	$185,163	$161,511	$899,335	$23,652
2019	$217,169	$179,486	$878,049	$37,683
2018	$298,078	$333,521	$834,059	$-35,443

NORTH CENTRAL MONTANA ECONOMIC DEVELOPMENT DISTRICT