TREASURE STATE FOUNDATION

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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

2021

Legal Domicile

Principal Officer

SUSAN GIANFORTE

Phone

4064426633

Tax Period

2023-01-01 to 2023-12-31

TREASURE STATE FOUNDATION, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $417K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $154K, a strong 37% operating margin.

Mission

TO FURTHER THE CHARITABLE AND EDUCATIONAL INITIATIVES FOR THE FIRST SPOUSE FOR THE BENEFIT OF THE STUDENTS AND CITIZENS OF MONTANA AND TO RESTORE AND MAINTAIN THE MONTANA GOVERNOR'S OFFICIAL STATE-OWNED RESIDENCE OUTSIDE OF LEGISLATIVE APPROPRIATIONS.

Program Service Accomplishments

Program 1

Expenses: $257,617

CHARITABLE AND EDUCATION INITIATIVESSTEM OUTREACH BY FIRST LADY SUSAN GIANFORTE HAS OCCURRED WITH SCHOOL, PROGRAM AND COMPETITION VISITS AND AWARDS CEREMONIES.FIRST LADY SUSAN GIANFORTE PARTNERED...

CHARITABLE AND EDUCATION INITIATIVESSTEM OUTREACH BY FIRST LADY SUSAN GIANFORTE HAS OCCURRED WITH SCHOOL, PROGRAM AND COMPETITION VISITS AND AWARDS CEREMONIES.FIRST LADY SUSAN GIANFORTE PARTNERED WITH DOLLY PARTON TO EXPAND HER NAMESAKE IMAGINATION LIBRARY BOOK-GIFTING PROGRAM STATEWIDE IN MONTANA. IMAGINATION LIBRARY IS DEDICATED TO INSPIRING A LOVE OF READING BY GIFTING BOOKS EACH MONTH TO CHILDREN FROM BIRTH TO AGE FIVE, FREE OF CHARGE. 80% OF THIS PROGRAM IN MONTANA IS NOW FUNDED BY THE TREASURE STATE FOUNDATION.

Program 2

RESTORATION AND MAINTENANCE OF THE MONTANA GOVERNOR'S OFFICIAL STATE-OWNED RESIDENCE OUTSIDE OF LEGISLATIVE APPROPRIATIONS. THERE WAS NO ACTIVITY FOR THE OFFICIAL RESIDENCE IN 2023.

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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 $417,227

Program Service Revenue $0

Investment Income $23,298

Other Revenue $-23,254

TOTAL REVENUE $417,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $257,617

Other Expenses $263,029

TOTAL EXPENSES $263,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,271	$667,401	-0.4%
Expenses	$263,029	$14,316	+17.4%
Net Income	$154,242	$653,085	-0.8%

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

N/A

Volunteers

150

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN GIANFORTE	PRESIDENT	5.00	Officer Director	$0	$0	$0
BETTI HILL	SECRETARY	1.00	Officer Director	$0	$0	$0
LORNA KUNEY	TREASURER	2.00	Officer 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	$417,271	$263,029	$1,176,739	$154,242
2022	$667,401	$14,316	$1,029,069	$653,085
2021	$371,190	$2,232	$416,136	$368,958